BetMGM has released its Q2 net revenue figures for 2025, showing a 36% increase year-on-year. Revenue for this quarter was $692 million, and EBITDA was $86 million, up from $78 million the previous year.
Of the Q2 2024 net revenue, iGaming accounted for 69% of the total. In Q2 2025, that dropped to 66%, amounting to $891 million in net revenues. Other income from Q2 2025 included $422 million from online sports betting and $36 million from retail and other sectors.
The company’s H1 revenue increased 35% compared to H1 2024, from $999 million to $1.3 billion in 2025.
Chief Executive Officer of BetMGM, Adam Greenblatt, said, “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.
Due to the stronger-than-expected quarter, BetMGM has upgraded its financial year guidance for 2025 to expect a net revenue of at least $2.7 billion and an EBITDA of at least $150 million.