Penn Entertainment posted its 2025 Q4 results on February 26, 2026, showing revenue of $1.8 billion, compared to $1.66 billion in 2024, which was an 8.2% year-on-year...
BetMGM reports 33% net revenue increase in Q4
BetMGM has recorded impressive growth in Q4 and beat estimates by generating $780 million in net revenue, a 33% Q4 year-on-year increase.
The company reached $2.8 billion in total net revenue, which was 33% higher compared to 2024, and an adjusted EBITDA of $220 million. Parent companies MGM Resorts and Entain also surpassed Q4 targets, receiving $270 million in cash.
As a result, BetMGM stocks rose from $34.17 to $39.25 just a few hours after the BetMGM business call.
Adam Greenblatt, CEO of BetMGM, commented:
“We entered 2025 planning for it to be a transformative year for BetMGM, and the success and financial impact of that transformation continued to meaningfully exceed our expectations as we progressed through 2025. Not only did Q4 achieve a record, but December was our best month ever, and the last week of the year was also our best week ever.”
Sports betting revenue jumped 93% in Q4, although the increase in handle was only 3%. The numbers reflect the rise of prediction markets; however, Greenblatt assured that while fewer players are placing bets, those who remain bet more often. The CEO stated that Q4 was the best for BetMGM sports.
The company expects net revenue to reach between $3.1 billion and $3.2 billion and adjusted EBITDA to reach between $300 million and $350 million in 2026.
Better Collective reported its 2025 Q4 results, generating €94 million in revenue, which was a 2% year-on-year decrease.On the other hand, Q4 EBITDA before special items...
