BetMGM reported a strong financial turnaround in 2025 with $2.8 billion in net revenue (+33%) and $220 million EBITDA, distributing $270 million to parent companies. iGaming remained the anchor at $1.8 billion (+24%), while online sports betting saw significant growth to over $900 million (+63%) with margin expansion.

Executives highlighted record revenue and cash generation, emphasizing iGaming and online sports betting performance in 2025. BetMGM posted $2.8 billion in net revenue, a 33% increase YoY, and $220 million EBITDA. Online sports betting saw a 63% increase, with a record $279 million in Q4 net revenue.

BetMGM executives expect to pay “parent fees” starting in 2026, aiming for adjusted EBITDA over $500 million in 2027. The company plans to distribute cash to parents and reported a strong financial performance in 2025, with net revenue of $2.8 billion and $220 million in EBITDA.

Anchored by iGaming revenue of $1.8 billion (+24%), BetMGM saw strong growth in online sports betting with over $900 million in net revenue (+63%) in 2025. The company emphasized content breadth and exclusives, adding over 1,500 titles to its library.

BetMGM reported significant growth in online sports betting, reaching over $900 million in net revenue (+63%) in 2025. The company highlighted a shift in sports strategy towards higher-value players and reported over $200 million in OSB contribution for the year.

BetMGM will begin paying “parent fees” in 2026, expecting them to be 15-20% of adjusted EBITDA. The company anticipates net revenue of $3.1-3.2 billion and adjusted EBITDA of $300-350 million for 2026, with plans to return cash to parents.

Greenblatt and Deutsch emphasized BetMGM’s support for state regulators and concerns about prediction markets. The company reported strong financial performance in 2025, with significant growth in iGaming and online sports betting.

Read more at Yahoo Finance: Entain Eyes Bigger BetMGM Payouts as JV Hits $2.8B Revenue, $220M EBITDA and Guides Higher for 2026