BetMGM has updated its financial outlook for 2025 following continued strong performance into the second quarter, with results through 13 June showing sustained growth across both iGaming and online sports betting.
The operator reported year-on-year net revenue growth of around 34%, building on a solid Q1.
This upward revision reflects increased confidence in the company’s strategy and operations. The joint venture between MGM Resorts and Entain now forecasts full-year net revenue of at least $2.6 billion—up from its prior estimate of $2.4–$2.5 billion.
BetMGM also raised its EBITDA forecast, now expecting at least $100 million in full-year EBITDA, shifting from earlier projections that simply targeted break-even. This signals stronger profitability and operational efficiency.
The company reaffirmed that online sports betting will deliver a positive contribution for the year, with iGaming also remaining a strong growth driver. Rising betting volume and user engagement in both segments have been key to its momentum.
In Q1 2025, BetMGM reported $443 million in net revenue—up 34% year-on-year—and a $22 million adjusted EBITDA, a turnaround of over $150 million compared to the same period in 2024. Sports betting revenue surged 68%, while iGaming grew 27%.
Despite broader economic challenges, BetMGM credits its success to focused strategy, improved product offerings, and efficient customer acquisition.
