Women's Euros And Club World Cup Boost Ladbrokes Owner Entain's.
CFO states Women's Euros and Club World Cup enhance online wagering
Entain raises annual online net gaming earnings growth forecast
Annual core revenue projection exceeds market expectations
By Yamini Kalia
Aug 12 (Reuters) -
British betting firm Entain anticipated its yearly core revenue outlook above market expectations on Tuesday, driven by strong online wagering momentum of the Women's Euros and the inaugural Club World Cup competition.
"We're seeing an increase in interest in female sports," Entain CFO Rob Wood told Reuters, including that the recent
Women's Euros
, where the British soccer team scored a historical win versus world champions Spain, was the most bet-on women's Euros ever.
Entain saw record engagement during the Club World Cup
- the year's most bet-on football match - and the 2025 French Open, its most bet-on Grand Slam ever.
Entain's net video gaming revenue in the UK and Ireland, its biggest market, came ahead of expectations with a 9% development at consistent currency for the 6 months ended June.
Total net video gaming income increased 10% at constant currency.
Entain shares rose nearly 3% on Tuesday, before paring gains to fall 0.5% lower by 0806 GMT.
Individual player fandoms have likewise changed betting behaviour in current years, Wood said, as more individuals are banking on player outcomes instead of group outcomes throughout matches.
"The most popular bets tend to be a mix of who's going to win the match, who's going to score the very first objective, or the first goal in the NFL," .
Entain recovered a stronger-than-expected market share throughout its core areas in the very first half of the year, offsetting the difficult comparison of in 2015, which had actually been increased by the Euros tournament.
The company raised its yearly online net video gaming income development to about 7% on a constant-currency basis, from previous expectations of a mid-single-digit percentage growth.
Annual core earnings is expected between 1.10 billion and 1.15 billion pounds ($1.48 billion-$1.55 billion), above market expectations of 1.11 billion pounds.
($1 = 0.7440 pounds) (Reporting by Yamini Kalia and Unnamalai L in Bengaluru; Editing by Sherry Jacob-Phillips)