BetMGM has increased its full-year 2025 revenue forecast to at least $2.6 billion, up from the previous estimate of $2.4-$2.5 billion, citing continued growth in online sports betting and iGaming which drove a 34% increase in net revenue for Q1. The company now anticipates EBITDA of at least $100 million for 2025, a revision from its prior guidance of simply "positive" EBITDA, with both online sports and iGaming expected to contribute positively to annual results.
BetMGM, a joint venture between Entain plc and MGM Resorts International, has upwardly revised its full-year 2025 financial guidance, signaling sustained momentum in its online sports betting and iGaming segments. The company now projects net revenue of at least $2.6 billion for 2025, an increase from the previously guided range of $2.4 billion to $2.5 billion issued on February 4, reflecting performance trends consistent with the first quarter's 34% net revenue growth. Concurrently, BetMGM has strengthened its profitability forecast, now expecting EBITDA to reach at least $100 million in 2025, a significant upgrade from the prior guidance of merely "positive" EBITDA, with both online sports and iGaming operations anticipated to contribute positively. Further performance details for the second quarter are expected in July, offering additional insight into the operations of its U.S. brands including BetMGM, Borgata Casino, and Party Casino.
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