Story perspectives

Entain Warns 2026 Earnings Hit Lower Guidance After Brazil Ban

By Drooid · Sep 28, 2026, 2:39 PM UTC · How we work

Summary

Story summary

Entain said its 2026 earnings will fall to the lower end of guidance after Brazil’s betting ban.
The company maintains FY26 underlying EBITDA guidance of £910 million to £960 million.
Entain projects online revenue growth of 4%-6% including Brazil, 5%-7% excluding Brazil on a constant-currency basis.
Entain’s shares fell 1.7% to 441.9 pence at 08:36 GMT, later to 435 pence.
Barclays crossed Entain’s major-holding threshold on Sept 22, 2026, per a TR-1 filing.

History

Historical Context

In 2018, the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act, opening nationwide sports betting. The ruling enabled companies like DraftKings and FanDuel to expand, generating $52 billion in projected annual wagering by 2025. Similarly, Entain now confronts Brazil’s 2026 betting prohibition, which trims its projected online revenue growth to 4-6% and pressures its £910-£960 million EBITDA target. The episode underscores how abrupt regulatory shifts can compress earnings forecasts and trigger institutional investors such as Barclays to adjust holdings.

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Story summary

Entain said its 2026 earnings will fall to the lower end of guidance after Brazil’s betting ban.
The company maintains FY26 underlying EBITDA guidance of £910 million to £960 million.
Entain projects online revenue growth of 4%-6% including Brazil, 5%-7% excluding Brazil on a constant-currency basis.
Entain’s shares fell 1.7% to 441.9 pence at 08:36 GMT, later to 435 pence.
Barclays crossed Entain’s major-holding threshold on Sept 22, 2026, per a TR-1 filing.

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