BetMGM reported net revenue of $2.1bn for 2024, with iGaming contributing $1.4bn, according to the company’s results. Online sports betting revenue rose 4% to $554m, while retail revenue fell 50% to $70m; EBITDA was negative $244m. Chief executive Adam Greenblatt said the company expects positive EBITDA in 2025.
BetMGM’s results show online and retail contributions alongside its negative EBITDA and stated expectation of improvement.
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Entain reported first-half net gaming revenue of £2.55 billion, up 7% for the six months to the end of June, as underlying EBITDA fell 2% to £479.3 million. The company said World Cup engagement helped offset higher UK gambling taxes, and it reiterated full-year guidance for online revenue growth of 5% to 7%.
MGM reported consolidated revenue of $4.5bn for the three months ended 30 June 2026, up 1% year on year. MGM Digital revenue rose 20% to $196m, while the division’s adjusted EBITDAR loss widened to $31m; CEO Bill Hornbuckle also said the MGM Osaka project remained on schedule to open in 2030.
It was reported that BetMGM generated $711m in second-quarter net revenue, up 3%. Casino revenue increased 8% to $483m, while sports betting revenue remained flat; the company retained its outlook but expects results near the lower ends of its ranges.
BetMGM no longer expects to reach its $500m annual EBITDA target next year. The MGM Resorts and Entain joint venture reported mixed results.
BetMGM reported first-half 2026 net revenue of $1.41bn, a 4% increase, according to the report. The report attributes growth to online betting and iGaming but provides no further financial details.