Entain Reports Solid Q3 Performance and Reaffirms Full-Year 2025 Outlook
Entain Reports Strong Growth in Q3 2025
Entain recently released its financial results for the third quarter of 2025, covering the period from July 1 to September 30. The company saw a 7% rise in total group net gaming revenue (NGR) on a constant currency basis, which includes its 50% stake in BetMGM. For the group excluding the US market, NGR grew by 4%, while BetMGM reported an impressive 23% increase in net revenue. Additionally, Entain’s online net gaming revenue outside the US rose by 6% on a constant currency basis during this period.
BetMGM’s Strong Performance Surpasses Expectations
Entain highlighted BetMGM’s exceptional Q3 results, which exceeded expectations. BetMGM’s net gaming revenue jumped by 23% in the quarter. The company has since revised its full-year 2025 projections for BetMGM, now aiming for net revenue of at least $2.75 billion and EBITDA near $200 million.
Entain Maintains Fiscal Year 2025 Targets
Entain reaffirmed its full-year 2025 goals, anticipating around 7% growth in online net gaming revenue on a constant currency basis and moderate mid-single-digit growth on a reported basis. The company also confirmed its expectation for group EBITDA to fall between GBP 1.1 billion and GBP 1.15 billion for the year.
“The Group is well positioned for the final quarter of 2025 and for 2026. Our strong focus on cash generation and consistent strategic execution support Entain’s confidence in achieving over £0.5 billion in annual adjusted cash flow starting in 2028.”
Entain statement
Entain noted that these financial outlooks remain steady despite the effects of favorable sports betting outcomes for customers in September.
CEO Highlights Progress and Optimism for Growth
Stella David, Chief Executive Officer of Entain, emphasized the ongoing pace of the company’s transformation and expressed strong confidence in its strategy and ability to grow its diverse business portfolio.
“While there is still more work ahead, our third-quarter performance is clear evidence of the strength and momentum of our diverse business model.”
Stella David, CEO, Entain
David also pointed to BetMGM’s sustained profitable growth as a positive driver for Entain, noting that the brand is on track to begin distributing cash back to its parent companies, Entain and MGM Resorts, in the near future.
