BetMGM Reports Third-Quarter Revenue of $710 Million, Up 7%
BetMGM reported third-quarter revenue of $710 million, up 7%.
Story updates
11:19:11 AM UTC
SquawkNews
Strong Q3 performance reflects disciplined execution supported by new exclusive gaming content and enhanced sportsbook offering Net Revenue of $710 million, up +7% YoY iGaming Net Revenue of $483 million (+6% YoY) and Online Sports Net Revenue of $216 million (+7% YoY) Adjusted EBITDA of $86 million, up +112% YoY Strong player engagement through Q3 including successful World Cup, driving continued growth in revenue and player values Successful multi-product launch in Alberta with per player metrics trending above Ontario launch BetMGM reiterates its FY 2026 guidance and remains on track to deliver towards the lower end of Net Revenue ($2.9-$3.1 billion) and Adjusted EBITDA ($300-$350 million) guidance ranges
11:27:49 AM UTC
SquawkNews
(11:01 GMT) *BetMGM 3Q Rev $710M (11:02 GMT) *BetMGM 3Q Rev Rose 7% on Year (11:02 GMT) *BetMGM 3Q Adj. Ebitda $86M (11:03 GMT) *BetMGM Is Confident in Accelerating Profitability in 4Q (11:05 GMT) *BetMGM Backs 2026 View (11:06 GMT) *BetMGM: On Track to Deliver Towards Lower End of Rev, Adj. Ebitda…