BetMGM revenue increases in Q2
The company has reported revenue of $692m for the second quarter of 2025.
US.- BetMGM, the US joint venture owned by MGM Resorts International and Entain, has reported financial results for the second quarter and the first half of 2025. Net revenue totalled $692m in Q2, up 36 per cent year-over-year. For H1, revenue was $1.35bn, up 35 per cent.
In Q2, igaming net revenue was $449m, up 29 per cent year-over-year. Online sports net revenue was $228m, up 56 per cent. Average monthly actives increased by 7 per cent.
Q2 EBITDA was $86m, up $78m year-over-year.
Adam Greenblatt, CEO of BetMGM, commented: “BetMGM has seen a strong first half of the year, delivering significant revenue and EBITDA growth that is underpinned by the ongoing execution of our strategic plan. The momentum we have built since the second half of 2024 accelerated through the first half of 2025.
“Our iGaming business continues to deliver new records as we showed why BetMGM is the go-to destination for all players, and in Online Sports, our refined player targeting and management capabilities have driven strong engagement and player KPIs across the board. BetMGM is healthier than it has ever been, a testament to the hard work of our teams and colleagues across the business. Our stronger than expected performance through 1H 2025 positions us well for the rest of the year, reinforcing our confidence in the future and the many opportunities ahead.”
In Q1, the company’s revenue reached $657m, up 34 per cent compared to the same period last year.
BetMGM recently announced a multiyear partnership with five-time baseball World Series champion Derek Jeter. Jeter will appear in upcoming national marketing campaigns including the “Legendary Plays” spot.
