BetMGM – jointly owned by MGM Resorts and Entain – reported Q3 2026 financial figures showing higher profitability – see more details:
Q3 2026 total net revenue was USD 710 million (ca. EUR 635 million), up 7% year-on-year.
iGaming: Net revenue increased 6% to USD 483 million (ca. EUR 432 million), accounting for 68% of total net revenue. BetMGM reported a 20% iGaming GGR market share in its active markets. iGaming remains its largest business segment.
Online sports: Net revenue rose 7% to USD 216 million (ca. EUR 193 million). Betting handle increased 3% to USD 3.24 billion (ca. EUR 2.90 billion). The operator reported higher player engagement during the FIFA World Cup.
Profitability: Adjusted EBITDA more than doubled to USD 86 million (ca. EUR 77 million), compared with USD 41 million (ca. EUR 37 million) a year earlier. Average monthly active players declined 3% to 878,000. CEO Adam Greenblatt said: “Our underlying player fundamentals remain strong.”
Nine-month results: The BetMGM Q3 2026 results bring nine-month net revenue to USD 2.12 billion (ca. EUR 1.89 billion), up 5%. Adjusted EBITDA increased 24% to USD 185 million (ca. EUR 165 million). iGaming net revenue grew 8% to USD 1.45 billion (ca. EUR 1.30 billion), accounting for 68% of total net revenue.
2026 outlook: BetMGM maintained its revenue forecast of USD 2.9–3.1 billion (ca. EUR 2.6–2.8 billion). Adjusted EBITDA is expected at USD 300–350 million (ca. EUR 268–313 million), with both figures likely near the lower end. The longer-term EBITDA target remains USD 500 million (ca. EUR 447 million).
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