Entain Plc (GMVHF) Q1 2025 Earnings Call Transcript

Entain Plc (OTCPK:GMVHF) Q1 2025 Results Conference Call April 29, 2025 4:00 AM ET

Company Participants

Stella David - Interim Chief Executive Officer
Rob Wood - Chief Financial Officer & Deputy Chief Executive Officer

Conference Call Participants

Ed Young - Morgan Stanley
Estelle Weingrod - JPMorgan
Monique Pollard - Citigroup
Adrien de Saint Hilaire - Bank of America
Pravin Gondhale - Barclays
Ben Shelley - UBS

Stella David

Thank you, and good morning, everyone, and a very warm welcome to today's call. I am delighted to be here not only to share a strong set of results, but also to speak to you today as Entain's permanent CEO. It is a huge honor to lead this incredible business at such an important and exciting time on our journey. I am joined today by Rob Wood, our CFO and Deputy CEO; and our Investor Relations team, and we're looking forward to taking you through today's update. So here's the plan for this morning.

I'll start with the headlines and some highlights on the operational progress we are delivering. Rob will then dig into the trading performance and the outlook, and then we're going to open it up for your questions. But before we get into Q1, I want to take a moment to briefly reflect on where Entain is today. We are a business with great potential. We have been honest about the challenges, and we have faced into the brutal truths and importantly we have acted.

And now we are starting to see real results, a return to growth, stronger momentum and a business that's getting sharper, faster and fitter every day. Entain is already a global player, but there is so much more potential. With iconic brands, a growing footprint across regulated markets and a strategy that is delivering, the opportunity ahead of us is significant. And we