Entain (LSE:ENT) maintained its full-year 2026 underlying EBITDA guidance of £910 million to £960 million following the introduction of a provisional ban on online sports betting and gaming in Brazil.
The sports betting and gaming group said it will comply with the new restrictions and now expects its financial performance to be towards the lower end of its previously stated earnings and margin ranges.
Brazil Expected to Account for Around 5% of Online NGR
Before the regulatory change, Brazil had been expected to contribute approximately 5% of Entain’s online net gaming revenue in 2026.
The company said the Brazilian business was expected to make only a modest contribution to underlying EBITDA.
Following the provisional ban, Entain now expects online net gaming revenue growth of between 4% and 6%, including the impact from Brazil.
The group continues to expect full-year underlying EBITDA of between £910 million and £960 million, although its expectations have shifted towards the lower end of the guidance range.
Entain Operates Across Multiple Regulated Markets
Entain generates revenue across a range of geographic markets through online and retail sports betting and gaming operations.
Its portfolio includes sports betting brands such as Ladbrokes, Coral, bwin and Sportingbet, alongside gaming brands including PartyCasino and Foxy Bingo.
The group also owns a 50% interest in BetMGM, its U.S. joint venture, and provides business-to-business technology and services in addition to its consumer operations.
About Entain
Entain is an LSE-listed sports betting and gaming group operating online and through retail locations. The company operates across more than 30 territories, with a focus on regulated and regulating markets.
Entain develops proprietary technology across its product operations and serves both consumer and business customers.
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