Entain Reports Strong Growth Across Key Markets in Q3 2024 and Retains CrystalBet
Entain has reported an 8% year-on-year increase in total group net gaming revenue (NGR) for Q3 2024, surpassing expectations and prompting an upgrade in its full-year financial outlook. The company has raised its EBITDA guidance to the upper end of its previously announced range for FY24.

Growth Across Online Segments
Entain’s online sector saw significant growth in Q3 2024, with online NGR—excluding BetMGM and its US operations—rising by 10% year-on-year. This solid performance was attributed to the company’s success in digital markets, particularly in its core regions. The UK and Ireland operations also bounced back, achieving a 2% NGR increase, surpassing recovery expectations.
BetMGM continued its upward trajectory, posting an 18% NGR increase on a constant currency basis. The platform has now stabilized its market share in the US, holding 15%. It remains a strong contender in the iGaming sector with a 22% share, while its online sports betting market share stands at 8%.
Entain’s international operations demonstrated robust growth, particularly in Brazil, where NGR rose by 48%. Central and Eastern Europe (CEE) also performed well, recording an 11% year-on-year increase.
CrystalBet Retained
Entain’s board decided to retain CrystalBet following a strategic review by the Capital Allocation Committee. The committee concluded that CrystalBet’s value within Entain’s global portfolio exceeded the offers received. CrystalBet continues to show promising growth and cash generation, reinforcing its strategic importance to the group.
Gavin Isaacs, who became Entain’s CEO in September 2024, commented: “My first few weeks as CEO of Entain have reaffirmed my view that this is a very good business operating in a highly attractive global industry,” he said.
“Entain has great brands, an enviably diverse global portfolio and is bursting with talent, ambition and opportunities. Entain is already on a path of strategic and operational improvement, with the strong Q3 performance demonstrating the progress achieved so far. We are at the beginning of the journey and I’m looking forward to accelerating our progress, leading the business in our next growth chapter and capturing the many exciting opportunities ahead,” Isaacs added.
Due to the strong Q3 performance and increased confidence for the rest of the year, Entain now projects that its online pro forma NGR growth for FY24 will be in the mid-single digits on a constant currency basis. Consequently, the full-year 2024 group EBITDA is expected to reach the upper end of the previously announced guidance range of £1.04 billion to £1.09 billion.