BetMGM Reported Q3 2025 Profit Growth
The company saw its adjusted EBITDA increase by 112% during the third quarter of 2025.
Updated on Oct. 13, 2026 in Casino
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BetMGM reported an adjusted EBITDA of $86 million in Q3 2025, marking a 112% increase. The gains helped offset financial performance declines for parent company Entain in the United Kingdom and Brazil.
Why it matters
The performance highlights the success of BetMGM in prioritizing its iGaming franchise and expanding operations into Alberta. It remains a key factor for Entain, which has faced a 42% year-to-date decline in its share price.
BetMGM recorded a 7% year-over-year increase in net revenue to $710 million during Q3 2025. Despite this, the platform saw monthly active users fall by 3% to 878,000.
The players
BetMGM
This is a betting and gaming company that operates primarily in North America.
Entain
This is a global sports betting and gambling company that serves as the parent entity for BetMGM.
The details
BetMGM expanded its Canadian footprint by moving into Alberta while continuing to focus on its established iGaming presence. These results arrive as parent company Entain navigates significant regulatory and market challenges across Brazil and the United Kingdom.
Timeline
Q3 2025 served as the reporting period for the financial results.
Q2 2026 marked a period when brick and mortar operations declined.
October 13, 2026, was the article publication date.
October 23, 2026, is the date Entain is expected to release its Q3 financial results.
Industry Dynamics
The company's performance reflects the ongoing volatility in international betting markets, particularly as firms face increased regulatory pressure in regions like Brazil. This shift forces major operators to rely more heavily on established North American growth strategies.
Users may see shifts in promotional availability as the company prioritizes its iGaming franchise and adjusts to regional market bans. Customers can expect continued service in regulated areas like Ontario and the newly expanded Alberta market.
The takeaway
Investors should monitor the gap between rising operational profits and the declining number of monthly active users. Adapting to fluctuating international regulations remains a critical challenge for sustained revenue growth.
Further reading
For additional context on the industry, visit the Casino section.
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