Grupo Globo - statistics & facts

In August 2024 Globo embarked on a new journey to profit. Riding the wave of recently improved regulations in Brazil, Globo and MGM Resorts International announced a creation of a joint venture to enter the market of sports betting and iGaming in the country. The move is supported by data which indicates that sports betting is one of the leading gambling activities among Brazilians. Pending a license approval, the companies will launch a platform under the brand BetMGM in 2025. This deal comes at a time when the online gambling market in Brazil promises an unprecedented growth.
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Published by Julia Stoll, Dec 17, 2025

Key insights

  • Net profit of Globo Comunicação e Participações S.A.
  • 1.25bn BRL

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