Entain Shares Jump as it Lifts BetMGM FY25 Guidance

Entain (LON: ENT) shares jumped Monday after announcing an upgraded fiscal year 2025 guidance for BetMGM LLC, its joint venture with MGM Resorts International in North America. 

Following the announcement, Entertain shares surged more than 7%. The stock is currently trading around the 806p mark. For the year-to-date, it is up close to 17%.

Entertain, sports betting and gaming group, said the positive revision is attributed to “continuing strong momentum” experienced by the sports betting and iGaming operator.

BetMGM's robust performance, observed throughout the first quarter of 2025, has continued into the second quarter up to June 13, 2025. 

This sustained strength is said to be marked by significant net revenue growth in both iGaming and Online Sports, driven by increased handle. 

Trading for the period aligns broadly with the 34% year-over-year net revenue growth reported in the first quarter of 2025.

As a result of this continued positive trajectory, BetMGM has increased its guidance for FY2025. 

Net revenue is now expected to reach at least $2.6 billion, an upgrade from the previous range of $2.4 billion to $2.5 billion. 

Furthermore, FY2025 EBITDA is now projected to be at least $100 million, a significant improvement from the prior guidance of simply being EBITDA positive.

BetMGM also reiterated its expectation for Online Sports to be a positive contributor for the fiscal year.

The company remains optimistic about its future growth, citing its strengthened business and revised strategic approach, which bolsters confidence in its pathway to achieving $500 million in EBITDA in the coming years.