Entain has reported that its net gaming revenue (NGR) increased by 7% in the year to 31 December 2024, reaching £5.2bn.

The FTSE 100-listed gambling and betting firm, which owns brands including Ladbrokes, Coral and BetMGM, saw its overall revenue also increase by 7% in this period to £5.1bn, while its profit jumped 7% to £3.1bn.

Entain’s operating profit decreased by 4% across the period to £616.6m, as operating costs jumped 9% due to "annualisation of the 2023 acquisition and increased colleague bonus costs".

Interim chief executive officer at Entain, Stella David, said: "I am delighted to see that our strategic and operational improvements are translating into strong performance; clear evidence that our strategy is delivering. I want to thank all my colleagues for their tremendous hard work and resilience.

"Entain has a high-quality portfolio of iconic brands with podium positions in attractive markets. Our return to organic growth is the beginning of our rebuild journey; our momentum continues, and we have started the year strongly. I am incredibly proud of our achievements so far and look forward to our opportunities ahead."

In its outlook for 2025, Entain said its "year to date trading and ongoing operational execution" supports its expectation to grow its online NGR in line with underlying markets.

It added that it remains "comfortable" with its EBITDA expectation of £1.1bn, and that as previously announced in BetMGM’s full-year update published on 4 February, revenue for the brand is set to reach between $2.4bn (£1.9bn) and $2.5bn (£1.9bn).

Investment director at AJ Bell, Russ Mould, concluded: "It may have been left reeling by the shock exit of Gavin Isaacs after just five months in the top job, but Ladbrokes-owner Entain seems to be getting its house in order.

"A return to organic growth is a significant milestone, although investors will want to see evidence it can deliver on a medium-term ambition to generate meaningful cash flow.

"Isaacs barely gets a mention, bar a cursory reference from David, and there’s no detail on why he left after such a short spell in charge. Until the company has a permanent replacement in place this is likely to leave investors with some nagging doubts."

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