MGM Resorts’ BetMGM expects FY25 revenue $2.4B-$2.5B

The company said, “BetMGM’s year-to-date performance provides increased confidence in exceeding guidance, however we remain mindful it is still relatively early in the year. As such, we reaffirm our expectations for FY 2025 to be EBITDA positive, and Net Revenue guidance of $2.4 billion to $2.5 billion. Reiterated expectations of Online Sports to be Contribution positive for FY 2025. Reaffirmed confidence in BetMGM’s pathway to $500 million EBITDA in the coming years.”