BetMGM raises 2025 revenue guidance to at least $2.6bn
BetMGM raised its 2025 net revenue guidance after trading through 13 June remained broadly in line with 34% growth in the first quarter, the company said. It now expects full-year revenue of at least $2.6 billion and EBITDA above $100 million, compared with prior guidance of $2.4 billion to $2.5 billion and a move to EBITDA positivity. BetMGM plans to update investors on second-quarter performance on 29 July.
The higher guidance changes the joint venture’s stated 2025 revenue and EBITDA outlook for its owners.