BetMGM Q3 revenue rises 7% as company maintains annual outlook
BetMGM reported $710 million in third-quarter net revenue and reiterated its 2026 guidance, while expecting results toward the lower end of both ranges.
BetMGM reported $710 million in third-quarter net revenue in its October 13 business update, up 7% from a year earlier, and maintained its 2026 outlook. The company expects full-year results toward the lower end of its guidance ranges.
BetMGM’s third-quarter results and 2026 guidance
The company reported iGaming net revenue of $483 million, up 6%, and online sports net revenue of $216 million, up 7%. Adjusted EBITDA rose to $86 million from $41 million a year earlier. BetMGM describes its net revenue and adjusted EBITDA measures as non-GAAP.
BetMGM reiterated guidance of $2.9 billion to $3.1 billion in 2026 net revenue and $300 million to $350 million in adjusted EBITDA. It cited World Cup engagement and an enhanced sportsbook among factors in the quarter’s performance.
Sources and context
- BetMGM Q3 revenue rises, maintains annual outlookChannel NewsAsia (Reuters)
- BETMGM Q3 2026 BUSINESS UPDATEMGM Resorts International / BetMGM
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