Ladbrokes owner Entain reported a 2% rise in third-quarter net gaming revenue, supported by strong growth in the UK and Ireland despite weaker performance in Brazil.
The company recorded a 3% increase in online revenue for the three months to September 30, 2026. In the UK and Ireland, net gaming revenue grew 8%, while online revenue rose 14%, exceeding expectations.
Entain has faced increasing pressure in Brazil following the government’s ban on online gambling operations last month. The company was already dealing with intense competition and regulatory challenges in the market.
Despite these difficulties, Entain maintained its 2026 financial outlook, which places underlying core profit at the lower end of its previous forecast of £910 million to £960 million. It also reaffirmed its target of generating £500 million in annual adjusted cash flow by 2028.
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