< p>In 2021, Entain significantly increased its revenue and approached pre-crisis levels. This was announced in a press release by the CEO of the organization, Jett Nygaard-Andersen.
“Our results prove yet again that financial growth is built into Entain's model. We set high goals for ourselves and achieve them through hard work, outstanding people, patented technologies and extensive operational capabilities. At the same time, the company is constantly improving the level of customer service, taking into account new trends and market trends, mastering different products and markets,” says CEO Entain.
According to the report, the brand's revenue for 2021 was $6.13 billion. This figure is 8% higher than the result in 2020. Gross profit was recorded at $3.23 billion, while EBITDA (earnings before expenses and taxes) reached $1.17 billion. These values increased by 6% and 5%, respectively, compared to the previous year. After taxes, Entain's net income was over $366 million.
To a large extent, the company managed to achieve such results due to the growth of the online segment. Net income in this area in 2021 increased by 12%. Retailing is also slowly returning to pre-crisis levels.
Jette Nygaard-Andersen thanked all the employees for their hard work: “I want to say a big thank you to every one of my colleagues. You are an example of dedication, hard work and professionalism. This is what allowed the company to achieve such results.”
Entain added that BetMGM is ready to continue its active development in the US market. Now the company ranks second here in terms of the volume of accepted sports bets and turnover in online casinos. Its share in the fourth quarter of 2021 was 23%.
Recall that Scientific Games Corporation changed its name to Light & Wonder.