BetMGM says it’s elevating its full-year revenue forecast and plans to offer no less than $200 million again to its joint homeowners, Entain and MGM Resorts Worldwide, after posting stronger-than-expected outcomes for the third quarter of 2025.
The corporate, which operates sports activities betting and on-line gaming platforms throughout North America, mentioned in a press launch that it introduced in $667 million in internet income for the quarter, a 23% improve from the identical time final 12 months.
Its iGaming income grew 21% 12 months over 12 months, and on-line sports activities income rose 36%. BetMGM additionally reported third-quarter EBITDA of $41 million, which is $57 million increased than final 12 months.
“BetMGM’s momentum from H1 continued into Q3, underpinned by the continued execution of our strategic plan,” mentioned Chief Govt Officer Adam Greenblatt. “The execution in operations we now have described this 12 months – improved advertising effectivity, participant administration, model positioning, and product and platform enhancements – all contributed to our sturdy income progress and materials money circulation improve from each side of the enterprise.”
Greenblatt added that “sturdy underlying metrics and margin outperformance throughout July and August help our confidence in elevating steerage for full 12 months 2025.” He additionally identified that the corporate has “reached one more inflection level in our journey, returning working money circulation again to Entain and MGM Resorts.”
BetMGM Q3 2025 revenue rises on on-line sports activities acquire
For the primary 9 months of 2025, BetMGM reported year-to-date internet income of $2.016 billion and EBITDA of $150 million. The corporate mentioned it holds a 15% share of gross gaming income throughout energetic markets, together with 21% in iGaming and eight% in on-line sports activities betting.
BetMGM has raised its full-year 2025 outlook to no less than $2.75 billion in internet income and about $200 million in EBITDA. It additionally reaffirmed its aim of producing greater than $500 million in contribution, with constructive outcomes anticipated from on-line sports activities, like that of its first quarter.
The corporate plans to distribute additional money to its guardian firms every quarter whereas conserving no less than $100 million in unrestricted money readily available. By the tip of 2025, BetMGM expects to have round $100 million in unrestricted money after these distributions.
On the operations facet, BetMGM highlighted current product upgrades and the success of its “Make it Legendary” advertising marketing campaign, which launched earlier than the soccer season and options actor Jon Hamm. The corporate reported progress in participant acquisition and retention, particularly in iGaming, the place the typical variety of month-to-month energetic customers rose 21% from final 12 months.
By no means miss a photograph end
Make each play legendary this soccer season pic.twitter.com/jLDC4gwHC5
— BetMGM
(@BetMGM) August 29, 2025
Higher participant engagement and app enhancements, comparable to stay same-game parlay choices and a refreshed design, additionally helped enhance exercise. The corporate mentioned deal with per energetic buyer climbed 23%, whereas internet gaming income per energetic buyer jumped 49% in contrast with a 12 months in the past.
BetMGM additionally mentioned it has greater than $250 million in liquidity, made up of $100 million in unrestricted money and an unused $150 million revolving credit score facility.
“BetMGM is more healthy than it has ever been,” Greenblatt mentioned. “Our stronger than anticipated efficiency by Q3 positions us nicely for the remainder of the 12 months and into 2026.”
Featured picture: BetMGM
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