Entain Plc. (GMVHF,ENT.L) has provided an update to its fiscal year 2025 guidance for BetMGM LLC, a leading sports betting and iGaming operator in North America, which is jointly owned by Entain and MGM Resorts International (MGM).
Entain noted that BetMGM's positive momentum from the first-quarter 2025 has continued into the second quarter through 13 June 2025, with strong Net Revenue growth across both iGaming and Online Sports, driven by increased handle. Trading during this period remains broadly in line with the 34% year-over-year Net Revenue growth reported in the first quarter 2025.
The company said that the continued strength has boosted BetMGM's confidence in its performance outlook for 2025. As a result, BetMGM has upgraded its full-year 2025 guidance. Annual net revenue is now projected to be at least $2.6 billion, an increase from the previous range of $2.4 billion to $2.5 billion. Additionally, annual EBITDA is now expected to reach at least $100 million, up from the prior guidance of simply achieving EBITDA positivity.
BetMGM plans to share further details on its second-quarter 2025 performance and updated guidance during its scheduled update on Tuesday, 29 July 2025.
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