-
Posted by
Two Blokes Jul 29 -
Filed in
Stock
-
1 view
Stronger than expected 2Q and 1H 2025 from successful strategic execution supports increased FY25 outlook LAS VEGAS , July 29, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Second Quarter 2025 ("2Q 2025") and First Half 2025 ("1H 2025") performance. Strong 2Q and 1H performance as BetMGM's ongoing strategic execution drives strong and profitable growth 2Q Net Revenue up 36% YoY and EBITDA of $86 million (up $78 million YoY) 1H Net Revenue up 35% YoY and EBITDA of $109 million (up $232 million YoY) Leading iGaming offering and enhanced player engagement delivered 2Q revenues +29% (1H +28%) with strong growth in player volumes and activity Strong Online Sports performance with 2Q revenues +56% (1H +61%) driven by refined player marketing and management and strengthened product Upgrade to FY25 guidance and increased confidence in path to $500 million EBITDA in coming years Expect FY25 Net Revenue of at least $2.7 billion and EBITDA of at least $150 million 1 Adam Greenblatt, Chief Executive Officer of BetMGM, commented: "BetMGM has seen a strong first half of the year, delivering significant revenue and EBITDA growth that is underpinned by the ongoing execution of our strategic plan.
