entain plc reported results for 2022 on thursday heres what we watched profit the ftse 100 bettingandgambling group said pretax profit was 1029 million pounds 1219 million compared with gbp3932 million in 2021 the metric was seen at gbp2619 million according to a consensus of four analysts estimates provided by factset earnings underlying earnings before interest taxes depreciation and amortization was gbp9932 millionat the top of upgraded guidance rangecompared with gbp8817 million a year earlier revenue revenue was gbp430 billion compared with gbp383 billion revenue was forecast at gbp433 billion according to a consensus of 19 analysts estimates provided by factset us betmgm the companys joint venture in the us continued to perform strongly and is on track to be earnings before interest taxes depreciation and amortization positive in the second half entain said betmgm booked net gaming revenue of 144 billion for 2022 71 higher on year and ahead of expectations in 2023 it expects that this will grow to 18 billion20 billion key catalysts for entains investment case are achieving profitability and nearing a sustainable margin at betmgm in 2023 shore capital research analyst greg johnson said in a note new opportunities entain launched unikrn in brazil and canada its first foray into the esports and skillbased wagering market entain reported losses of gbp343 million in new opportunities reflecting ongoing innovation spending and the launch of unikrn esports peel hunt analysts said in a note we are sceptical about both but at least trimming investment at this line would support profit growth 2023 guidance there was no specific guidance for the current year for 2023 while some regulatory headwinds are seen entain said it has started the year with positive underlying momentum a lack of formal guidance could be seen as a slight disappointment