"For the 2025 fiscal year (FY 2025), BetMGM posted net revenue of $2.8 billion, up 33% from the year before. That growth came from strong performances across both sides of the business. iGaming revenue climbed 24%, while online sports betting jumped a sharp 63%. The company credited better player engagement, product improvements, and a more disciplined approach to managing players for the gains."
"The momentum was especially strong in the fourth quarter. Net revenue hit $780 million, up 39% year over year, with online sports betting revenue nearly doubling after a 93% increase. The boost was helped by higher player activity in December and more favorable betting results than the same quarter last year. BetMGM was also able to return $270 million in cash to its parent companies during the fourth quarter."
""2025 was a record year for BetMGM, outperforming expectations with the execution of our refined strategy coming together at scale," Greenblatt said in a press release. He added that "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.""
BetMGM reported FY2025 net revenue of $2.8 billion, a 33% increase year over year. iGaming revenue rose 24% while online sports betting grew 63%, driven by better player engagement, product improvements, and disciplined player management. EBITDA reached $220 million for the year, a $464 million improvement compared with 2024, moving the company into positive earnings. Fourth-quarter net revenue was $780 million, up 39% year over year, with online sports betting revenue up 93%. Higher December player activity and more favorable betting results supported the quarter, and $270 million in cash was returned to parent companies.
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