Betmgm 1q 2025 business update

Strong start to 2025 affirms strategic approach and confidence of positive ebitda in 2025 las vegas , april 28, 2025 /prnewswire/ -- betmgm llc ("betmgm"), one of the leading sports betting and igaming operators across north america, jointly owned by mgm resorts international (nyse: mgm) ("mgm resorts") and entain plc (lse: ent) ("entain"), is today providing an update on its 1q 2025 performance. betmgm's strong momentum from 2h 2024 continued during 1q 2025, driven by its leading igaming offering and strengthened sports product, and refined approach to player management 1q net revenue up +34% yoy with strong growth across both igaming (+27%) and online sports (+68%) positive 1q ebitda and underlying trends reaffirm confidence that fy 2025 will be ebitda positive1 adam greenblatt, chief executive officer of betmgm, commented: "2025 is off to an encouraging start for betmgm as we execute our revised strategic plan.
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