BetMGM Raises Full-Year Outlook After Strong Start to 2025
BetMGM has increased its 2025 revenue and profit forecast after strong growth in iGaming and online sports betting. The company reported continued momentum through mid-June and now expects both higher revenue and EBITDA.
Revenue Growth Continues Into Q2 2025
BetMGM reported that its momentum from Q1 2025, which saw a 34% year-over-year increase in net revenue, has extended into the second quarter through June 13. Growth was driven by increased handle across both iGaming and online sports verticals.
According to the update, “trading for the period is broadly consistent with +34% YoY Net Revenue growth delivered in 1Q 2025,” indicating that demand has remained stable or improved in the early part of Q2.
Revised Guidance Reflects Performance Confidence
As a result of continued revenue growth and operational progress, BetMGM now expects its full-year 2025 net revenue to reach at least $2.6 billion. This represents an increase from its previous forecast, which ranged from $2.4 billion to $2.5 billion.
The company also raised its EBITDA expectations. Instead of merely aiming for break-even results, BetMGM now anticipates generating at least $100 million in EBITDA for the year.
Positive Contribution Expected Across Key Segments
BetMGM reaffirmed its expectation that online sports betting will deliver a positive financial contribution in 2025. This comes in addition to strong profitability from its iGaming operations, which continue to be a major source of revenue.
The operator pointed to a combination of a “strengthened business, revised strategic approach, and performance momentum” as factors supporting the improved outlook.
Further financial details will be shared during BetMGM’s half-year update, scheduled for July 29, 2025. Until then, the company’s revised projections indicate a continued path toward its longer-term target of reaching $500 million in EBITDA.