BetMGM unveils $710 million Q3 revenue

• BetMGM reported third-quarter 2026 net revenue of $710 million, up 7% year over year, with adjusted EBITDA increasing to $86 million.
• iGaming revenue reached $483 million and Online Sports revenue totaled $216 million, while average monthly active players declined 3% to 878,000.
• BetMGM reiterated full-year guidance and expects revenue and adjusted EBITDA toward the lower end of its previous ranges.

BetMGM, jointly owned by MGM Resorts International (NYSE:MGM) and Entain, reported third-quarter 2026 net revenue of $710 million, representing a 7% increase compared with the same period last year.

The company reported iGaming revenue of $483 million, up 6%, and Online Sports revenue of $216 million, up 7%, while adjusted EBITDA before Parent Fees increased 112% to $86 million.

BetMGM reported nine-month 2026 net revenue of $2.116 billion, up 5% year over year, and adjusted EBITDA of $185 million, up 24%, while third-quarter cash distributions to parents totaled $68 million.

BetMGM maintained its full-year 2026 outlook, expecting revenue toward the lower end of its $2.9 billion–$3.1 billion range and adjusted EBITDA toward the lower end of its $300 million–$350 million range.

BetMGM operates online sports betting and iGaming services through its partnership between MGM Resorts International and Entain across regulated markets.