BetMGM ups guidance to $2.6bn with revenues up 34 per cent
BetMGM has said that its positive momentum seen during 1Q 2025 has continued for the period 2Q 2025 to June 13, 2025, with strong Net Revenue growth across both iGaming and Online Sports, driven by handle growth
Trading for the period is broadly consistent with up 34 per cent year-on-year net revenue growth delivered in 1Q 2025 This continued strength provides BetMGM increased confidence in its performance for 2025 and as a result BetMGM upgrades its guidance for FY 2025.
FY 2025 Net Revenue is now expected to be at least $2.6bn, up from the previous guidance range of $2.4bn to $2.5bn FY 2025 EBITDA is now expected to be at least $100m, up from the previous guidance to be EBITDA positive.
BetMGM also reiterated its expectation that online sports will be contribution positive for FY 2025, in addition to strong contribution from iGaming
the company said: “BetMGM remains excited about the significant opportunities ahead. Its strengthened business, revised strategic approach, and performance momentum, further reinforce its confidence in future growth prospects and pathway to $500m EBITDA in the coming years.”
