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Entain plc ( (GB:ENT) ) just unveiled an update.
BetMGM provided an update on its 2024 performance, highlighting strategic advancements that are expected to lead to positive EBITDA in 2025. The company reported significant growth in its iGaming and online sports segments, with a strong increase in player engagement and revenue. BetMGM’s strategic improvements and market positioning are expected to result in $2.4 billion to $2.5 billion in net revenue and establish it as a major player in the industry, aiming for $500 million EBITDA in the future.
More about Entain plc
Entain plc is a prominent company in the gaming and sports betting industry, known for its joint ownership of BetMGM, a leading operator in North America. The company’s primary focus is on iGaming and online sports betting, aiming to solidify its position in the lucrative North American market.
YTD Price Performance: 2.85%
Average Trading Volume: 1,847,220
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £4.52B
For an in-depth examination of ENT stock, go to TipRanks’ Stock Analysis page.
