BetMGM releases its updated FY 2025 Guidance report
The company anticipates continued growth in online sports and iGaming in the fiscal year.
Key Points
- Net revenue is expected to reach $2.6bn in FY2025
- The company said its continued “strong performance” has resulted in an upgrade for its guidance for the fiscal year
Entain has released an update on BetMGM’s fiscal year 2025 guidance.
BetMGM offers sports betting and iGaming products to players across North America. The company is jointly owned by Entain and MGM Resorts International.
According to the report, BetMGM experienced a “positive momentum” in the first quarter of 2025, which continued in the second period, which ended June 13.
The company reported “strong net revenue growth” across both the online sports and iGaming categories.
Trading for the second quarter remained consistent with the year-over-year growth reported in the first quarter, which reached 34%.
“This continued strength provides BetMGM increased confidence in its performance for 2025 and as a result BetMGM upgrades its guidance for FY 2025,” the company said.
BetMGM expects its net revenue to reach “at least” $2.6bn for the 2025 fiscal year, an increase from the previous guidance $2.4bn to $2.5bn range.
The company projects its EDITDA to reach $100m and expects “strong contributions” from online sports and online gaming throughout the fiscal year.
The company said in a statement, “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.”
BetMGM said the company also “forward to providing further details on 2Q 2025 performance and guidance at its H1 update.”
It expects to release that report on Tuesday, July 29, 2025.
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