Entain PLC (LSE:ENT)

£ 7.458 0.238 (3.3%) Market Cap: 4.77 Bil Enterprise Value: 8.15 Bil PE Ratio: 0 PB Ratio: 2.10 GF Score: 70/100

Q3 2019 GVC Holdings PLC Trading Statement Call Transcript

Oct 09, 2019 / 08:00AM GMT

Release Date Price: £7.89 (+5.15%)

Transcript

Kenneth Jack Alexander

GVC Holdings PLC - CEO & Executive Director

Good morning, it's the GVC's Q3 Trading Update Call. I've got Rob here, CFO, and I'll give you a short overview of the trading update, and then we can crack on and do the normal Q&A.

So it's been a very strong quarter. And this morning, we've upgraded our results for our first time since May, and we're now guiding to an EBITDA range of GBP 670 million to GBP 680 million. Guidance has been driven by another quarter of very strong Online performance, 12% ahead in terms of NGR if you take out -- adjust for the World Cup, it was about 14%, so another quarter of double-digit growth. And we're gaining -- continue to gain market share in all the key territories. Our U.K. retail has performed better than we expect as well and we're very confident there of continuing to take market share in the coming years. We launched the BetMGM app in New Jersey in September, and we launched everything as close to our LFL as we had promised. A few weeks of the trading update have been very encouraging, in fact they're better than even what we

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