BetMGM's Impressive Q1 2025 Assertion of Strategic Approach and Confidence Results in Positive EBITDA

BetMGM, one of the foremost sports betting and online gaming operators in North America, has kicked off 2025 with astoundingly robust first-quarter results. The promising start reaffirms the company’s strategic approach and builds confidence in achieving positive EBITDA in 2025.

The company’s impressive momentum from the second part of 2024 carried through to the first quarter of 2025, propelled by its superior iGaming offering, improved sports product, and a refined approach to player management.

Their first-quarter results saw a net revenue increase of 34% Year on Year, driven by significant growth across both iGaming, which had an increase of 27%, and Online Sports, with a 68% enhancement.

The company benefited from a one-time accounting offset by customer-friendly sports results and the stabilization of GGR market share in active markets further fortified BetMGM’s market vanguard position.

With an unutilized $150 million revolving credit facility, the company is poised for further financial ventures. As the company continues to evolve, their strengthened online sports product and sharper approach to player segmentation and management offer a promising future for both the players and the company.