Half Year 2024 Entain PLC Earnings Call Transcript - Thomson StreetEvents

Half Year 2024 Entain PLC Earnings Call Transcript

Half Year 2024 Entain PLC Earnings Call Transcript - Thomson StreetEvents
Half Year 2024 Entain PLC Earnings Call Transcript
Published Aug 08, 2024
20 pages (13110 words) — Published Aug 08, 2024
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of ENT.L earnings conference call or presentation 8-Aug-24 8:30am GMT

  
Brief Excerpt:

...Thank you for joining us for our interim results. And first of all, I'm delighted to be here to be able to say we are delivering a good set of interim results. Our lineup today is the same as we had in March. We've got Rob Wood, CFO and Deputy CEO. We've got Sameer Deen, our Chief Commercial Officer. And at the end there, we've got Satty Bhens, who's our Chief Product and Technical Officer. Anyway, so to business. First of all, I'm going to kick off with a reminder of our strategic priorities and I'm going to give a brief overview of the performance and the strong progress that's been achieved during the first half of this year. Rob is then going to take you through the financials and then Sameer and Satty are going to take you through more details about what we've been doing and specific examples of how we're improving our operational performance. And then it's going to be back to me so I can touch on BetMGM. I'll do a wrap up and then we'll open it all up to questions. So let's start...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Entain PLC
Ticker
ENT.L
Time
8:30am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: James Rowland Clark - Barclays Capital - Analyst : James Rowland Clark from Barclays. Good morning. My first question is the higher losses that you've guided to for BetMGM for this year. Could you just confirm whether that needs additional capital injection from the parents? Secondly, on the guidance, it's a GBP25 million increase to EBITDA versus consensus expectations. And if you look at your online guidance on the top line, it looks like a 4% improvement to revenue guidance or revenue growth. So, that looks like about a 10% drop through. If you translate that into the EBITDA to sales drop through. So, that feels quite low. Are you giving yourself more space for marketing? And then finally, if you're pulling down or you're pushing up FY24 EBITDA guidance by GBP30 million for later regulatory change, does that push down 2025? So any comments on that? Thank you.

Table Of Contents

Q1 2025 Entain PLC Trading Statement Call Transcript – 2025-04-29 – US$ 106.00 – Edited Transcript of ENT.L sales update conference call or presentation 29-Apr-25 8:00am GMT

Q1 2025 Entain PLC Business Results Call Transcript – 2025-04-28 – US$ 106.00 – Edited Transcript of ENT.L event 28-Apr-25 1:00pm GMT

Full Year 2024 Entain PLC Earnings Call Transcript – 2025-03-06 – US$ 54.00 – Edited Transcript of ENT.L earnings conference call or presentation 6-Mar-25 9:30am GMT

Full Year 2024 Entain PLC Trading Statement Call Transcript – 2025-02-04 – US$ 54.00 – Edited Transcript of ENT.L sales update conference call or presentation 4-Feb-25 2:00pm GMT

Q3 2024 Entain PLC Trading Statement Call Transcript – 2024-10-17 – US$ 54.00 – Edited Transcript of ENT.L sales update conference call or presentation 17-Oct-24 8:00am GMT

Entain PLC Business Update Transcript – 2023-12-04 – US$ 54.00 – Edited Transcript of ENT.L conference call or presentation 4-Dec-23 4:00pm GMT

Q3 2023 Entain PLC Trading Statement Call Transcript – 2023-11-02 – US$ 54.00 – Edited Transcript of ENT.L sales update conference call or presentation 2-Nov-23 12:00pm GMT

Half Year 2023 Entain PLC Earnings Call Transcript – 2023-08-10 – US$ 54.00 – Edited Transcript of ENT.L earnings conference call or presentation 10-Aug-23 8:00am GMT

Entain PLC M&A Call Transcript – 2023-06-13 – US$ 54.00 – Edited Transcript of ENT.L M&A conference call or presentation 13-Jun-23 4:15pm GMT

Q1 2023 Entain PLC Trading Statement Call Transcript – 2023-04-18 – US$ 54.00 – Edited Transcript of ENT.L sales update conference call or presentation 18-Apr-23 8:00am GMT

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Thomson StreetEvents. "Half Year 2024 Entain PLC Earnings Call Transcript" Aug 08, 2024. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2024-Entain-PLC-Earnings-Call-T16086381>
  
APA:
Thomson StreetEvents. (2024). Half Year 2024 Entain PLC Earnings Call Transcript Aug 08, 2024. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2024-Entain-PLC-Earnings-Call-T16086381>
  
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