BetMGM a leading sports betting and iGaming operator across North America, jointly owned by Entain has today providing an update on its Fiscal Year 2025 (“FY 2025”) performance.

FY 2025 performance exceeded expectations, reflecting benefit of a full year of strategic initiatives driving strong underlying growth in both iGaming and Online Sports.

Net Revenue of $2.8 billion, up +33% YoY, iGaming Net Revenue up +24% YoY and Online Sports Net Revenue up +63% YoY, EBITDA of $220 million, up +$464 million YoY, Cash distribution of $270 million returned to parents in Q4 2025.

Ongoing successful execution of BetMGM’s refined player engagement strategy supported by enhanced product and user experiences driving continued growth in player activity and retention

Expect FY 2026 Net Revenue between $3.1 – $3.2 billion and Adjusted EBITDA $300 – $350 million¹m Greenblatt, Chief Executive Officer of BetMGM, commented:“2025 was a record year for BetMGM, outperforming expectations with the execution of our refined strategy coming together at scale.

Q4 2025 saw record performances, completing a year where both iGaming and Online Sports achieved step change results, reflecting robust engagement, improved player economics, sharper player management, and continued platform and product enhancements.

BetMGM’s meaningfully improved profitability and material EBITDA generation now sees us returning cash to our parent companies and marks a clear inflection in our growth trajectory. Looking ahead to 2026 and beyond, the strong underlying metrics and health of the business continue to reinforce our confidence in our outlook as we enter the next phase of growth. As the industry continues to evolve, we will continue to focus on winning the BetMGM way.”