Online gaming up 23 per cent with sports betting up 36 per cent
BetMGM’s stronger-than-expected year-to-date performance has provided increased confidence for the balance of 2025, with full-year guidance increasing to at least $2.75bn and EBITDA of approximately $200m.
The company‘s Q3 performance was ahead of expectations, with strong year-to-date momentum continuing across both Online Sports and iGaming providing net revenue of $667m, up 23 per cent. Online gaming revenue was up 21 per cent and online sports revenue was up 36 per cent.
The ongoing successful execution of the company’s refined player engagement strategy supported by further enhanced product and user experiences delivered growth in player activity and retention
Adam Greenblatt, Chief Executive Officer of BetMGM, commented: “BetMGM’s momentum from H1 continued into Q3, underpinned by the ongoing execution of our strategic plan. The execution in operations we have described this year – improved marketing efficiency, player management, brand positioning, and product and platform improvements – all contributed to our strong revenue growth and material cash flow increase from both sides of the business. Strong underlying metrics and margin outperformance during July and August support our confidence in raising guidance for full year 2025. Furthermore, we have reached yet another inflection point in our journey, returning operating cash flow back to Entain and MGM Resorts. My previous statements that BetMGM is healthier than it has ever been still ring loudly, and our stronger than expected performance through Q3 positions us well for the rest of the year and into 2026.”
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Online gaming up 23 per cent with sports betting up 36 per cent BetMGM’s stronger-than-expected year-to-date performance has provided increased confidence for the balance of 2025, with full-year guidance increasing to at least $2.75bn and EBITDA of approximately $200m. The company‘s Q3 performance was ahead of expectations, with strong year-to-date momentum continuing across both Online…
The post BetMGM ahead of expectations with strong third quarter appeared first on G3 Newswire.