BetMGM partnership yields profits for Entain, according to the latest reports
Entain Posts Strong First-Half Results, Boosts Full-Year Outlook
Entain, the global sports-betting and gaming group, has announced impressive first-half results that exceeded expectations, with the company upgrading its full-year outlook.
In a statement, Stella David, the permanent CEO of Entain who was appointed in April, expressed satisfaction with the ongoing momentum and strong performance of both Entain and its joint venture, BetMGM.
The total Group Net Gaming Revenue (NGR), including Entain's 50% share of BetMGM, increased by 10% on a constant currency basis. This growth was largely attributed to "strong volumes in sports and gaming."
BetMGM, which has been a major growth engine for Entain, reported net revenue for the first half of 2025 of $1.4bn, marking a significant 35% year-on-year increase. The joint venture also reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of $109m, a significant turnaround from a loss in the previous year.
Entain's online NGR, excluding the US, rose by 8%. The company also regained market share in the UK and Ireland, with trading NGR surging by 21% in these regions.
Including BetMGM's contribution, total group EBITDA rose by 32% to £625m for the first half. Overall group EBITDA for the first half was £583m, up 11% year-on-year.
David stated that the business is "getting stronger, fitter, and faster," with the results reinforcing the company's confidence in its ability to drive "sustainable underlying growth." She also mentioned that Entain aims to generate more than £0.5bn of cash annually in the medium term.
Entain's impressive performance has led to the company upgrading its full-year outlook. The company now expects to deliver revenue of at least $2.7bn, up from previous expectations. However, the article does not provide any new information about Entain's online NGR, excluding the US, or the growth in Entain's online division attributed to "strong volumes in sports and gaming."
In conclusion, Entain's strong first-half results and upgraded full-year outlook indicate a promising future for the company. With a focus on sustainable growth and a strong performance from BetMGM, Entain is well-positioned to continue its success in the sports-betting and gaming industry.
