Entain PLC (CHIX:ENTl)

£ 7.372 -0.092 (-1.23%) Market Cap: 4.71 Bil Enterprise Value: 7.98 Bil PE Ratio: 0 PB Ratio: 2.24 GF Score: 44/100

Q1 2022 Entain PLC Trading Update Call Transcript

Apr 07, 2022 / 08:00AM GMT

Transcript

Operator

Good morning, and welcome to Entain's Q1 Trading Update Analyst and Investor Call. I will now pass over to CEO Jette to open today's call.

Jette Nygaard;Andersen

Entain Plc - CEO & Executive Director

Thank you, and good morning, everyone, and thank you for dialing in to our Q1 update. I'm joined on this call by Rob Wood, CFO and Deputy CEO; and the IR team. As usual, I'll give a brief overview of our performance. Rob will talk through our Q1 trading performance in more detail, and then we'll open up to Q&A.

I'm pleased to tell you that Entain has seen a strong start to 2022. Our online business has traded in line with expectations, lapping the very strong comparables from last year. And I'm pleased to see retail rebound strongly, with volumes settling around 5% to 10% below pre-COVID levels. We continue to deliver on our strategy with our focus on the customer at the core. And we continue to expand and grow by attracting broader audiences with great products, engaging content and new exciting experiences. This has seen our

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