BetMGM forecasts profitability in 2025, after a $2.1B revenue year in 2024, boosting Entain's shares 9.3%.

BetMGM, a US betting joint venture of Entain, forecasted profitability for 2025, with shares of Entain rising 9.3% on Tuesday. BetMGM reported a 7% revenue increase to $2.1 billion in 2024, despite a $244 million EBITDA loss, which included impacts from favorable sports results. The company expects a positive EBITDA by 2025, aligning with the growing US gaming market, projected to reach $33.2 billion by 2030.

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