BETMGM Q3 2026 BUSINESS UPDATE
BetMGM, the 50/50 joint venture between MGM Resorts and Entain, reported Q3 2026 net revenue of $710 million, up 7% year-over-year, with Adjusted EBITDA more than doubling to $86 million (+112% YoY). iGaming net revenue of $483 million (+6%) and Online Sports of $216 million (+7%) drove growth, supported by World Cup engagement, a sportsbook refresh ahead of NFL season, and a successful Alberta launch. BetMGM holds a podium 14% GGR market share, including 20% in iGaming. BetMGM reiterated FY26 guidance but is tracking toward the lower end of the $2.9-$3.1 billion net revenue and $300-$350 million Adjusted EBITDA ranges.
Key figures
- Revenue
- 710000000
- Guidance
- FY26 Net Revenue $2.9-$3.1 billion and Adjusted EBITDA $300-$350 million, tracking toward the lower end of ranges
- Revenue Yoy
- 7%
- Contribution
- 175000000
- Sports handle
- 3240000000
- Adjusted ebitda
- 86000000
- Cash to parents
- 68000000
- Ytd net revenue
- 2116000000
- Ggr market share
- 14%
- Adjusted ebitda yoy
- +112%
- Igaming net revenue
- 483000000
- Ytd adjusted ebitda
- 185000000
- Igaming market share
- 20%
- Avg monthly actives yoy
- (3)%
- Igaming net revenue yoy
- +6%
- Online sports net revenue
- 216000000
- Online sports market share
- 8%
- Avg monthly actives thousands
- 878
- Online sports net revenue yoy
- +7%
AI analysis
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