MGM Resorts International and Entain co-owned BetMGM has upgraded its financial outlook for 2025, citing a sustained positive momentum from the first to the second quarter.
The company announced that the robust revenue growth experienced in the first quarter, which grew 34% year-on-year to US$654 million has continued into the second quarter. The growth is attributed to strong net revenues across both igaming and online sports betting.
This sustained strength has allowed the company to revise its financial year guidance for 2025. Net revenue is now projected to be at least US$2.6 billion, an increase from the previous forecast range of US$2.4 billion to US$2.5 billion.
