BetMGM, a major gambling operator in the US, saw a 36% revenue increase in 2023, reaching $1.96 billion, meeting their projected range.
Despite this, they expect an EBITDA loss of about $67 million in 2023, aiming for a $500 million EBITDA by 2026.
The growth was credited to improvements in iGaming and sports betting metrics like hold percentages, user activity, bonuses, and revenue per user.
Despite this, they expect an EBITDA loss of about $67 million in 2023, aiming for a $500 million EBITDA by 2026.
The growth was credited to improvements in iGaming and sports betting metrics like hold percentages, user activity, bonuses, and revenue per user.
