British betting company Entain repeats its guidance for underlying EBITDA of 910-960 million pounds for fiscal year 2026, despite Brazil’s ban on online gambling. The company now expects the outcome to be at the lower end of the range.
The guidance for the online business’s underlying EBITDA margin of 21-22 percent also remains unchanged, with the outcome expected to be toward the lower end.
Brazil was expected to account for around 5 percent of the group’s online NGR during the year, but its EBITDA contribution was considered limited.
Entain is simultaneously lowering its guidance for online NGR growth including Brazil to 4-6 percent in constant currency. Excluding Brazil, growth is still expected to be at the upper end of the previous guidance of 5-7 percent.
The Brazilian ban takes effect immediately and must be approved by Congress within 120 days to remain in force.
