MGM Resorts International(US:MGM) ZACKS·2025-10-15 17:15Core Insights - BetMGM, co-owned by Entain plc and MGM Resorts International, reported a strong third-quarter 2025 business update and raised its full-year guidance, leading to a 2.8% increase in MGM's shares during trading hours and an additional 0.2% in after-hours trading [2][4] Financial Performance - BetMGM's net revenues for Q3 reached $667 million, marking a 23% year-over-year increase, with iGaming revenues growing by 21% and Online Sports revenues by 36% [3][8] - Adjusted EBITDA for BetMGM was $41 million, a significant turnaround of $57 million compared to the same period last year [3][4] Growth Outlook - MGM now anticipates full-year net revenues of at least $2.75 billion, an increase from the previous estimate of $2.7 billion, and expects EBITDA to be approximately $200 million, up from $150 million [4][8] - The growth momentum is supported by a diversified portfolio including Las Vegas Strip resorts, regional operations, MGM China, and MGM Digital, with near-term catalysts in BetMGM and Las Vegas operations [5] User Engagement and Platform Enhancements - BetMGM reported strong growth in monthly active users and player engagement, focusing on targeted player acquisition and retention of high-value players, aided by recent platform enhancements [6][8] Market Position and Share Performance - MGM's shares have increased by 14.5% over the past six months, compared to a 34.5% growth in the Zacks Gaming industry, indicating a solid position for sustainable earnings growth in the global hospitality and gaming sector [7]