Women's Euros And Club World Cup Boost Ladbrokes Owner Entain's.

CFO states Women's Euros and Club World Cup increase online betting


Entain raises annual online net video gaming profits growth forecast


Annual core revenue projection surpasses market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British betting company Entain forecast its annual core earnings outlook above market expectations on Tuesday, driven by strong online wagering momentum of the Women's Euros and the inaugural Club World Cup tournament.


"We're seeing an increase in interest in female sports," Entain CFO Rob Wood informed Reuters, adding that the current


Women's Euros


, where the team scored a historic win versus world champions Spain, was the most bet-on females'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 gaming revenue in the UK and Ireland, its largest market, came ahead of expectations with a 9% development at constant currency for the 6 months ended June.


Total net video gaming revenue increased 10% at consistent currency.


Entain shares rose almost 3% on Tuesday, before paring gains to fall 0.5% lower by 0806 GMT.


Individual player fandoms have likewise changed wagering behaviour in recent years, Wood stated, as more people are wagering on gamer results instead of team outcomes throughout matches.


"The most popular bets tend to be a combination of who's going to win the match, who's going to score the first objective, or the first goal in the NFL," Wood stated.


Entain recovered a stronger-than-expected market share across its core areas in the very first half of the year, offsetting the difficult contrast of last year, which had actually been boosted by the Euros competition.


The business raised its annual online net gaming earnings growth to about 7% on a constant-currency basis, from previous expectations of a mid-single-digit portion growth.


Annual core profit is expected in 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)