BetMGM Reports Third Quarter Net Revenue of $710 Million, Up 7 Percent Year-on-Year
BetMGM delivered $710m net revenue in Q3, up 7% YoY, with iGaming at $483m (+6%), sports at $21m (+7%), and Adjusted EBITDA of $86m (+112%). World Cup engagement and an Alberta multi-product launch exceeded prior benchmarks. The operator reaffirmed FY2026 guidance toward the lower end of $2.9-3.1bn revenue and $300-350m EBITDA.
SCCG Take — Execution on iGaming strength and product responsiveness keeps BetMGM on plan in a competitive market. Operators should track per-player metric trends from new jurisdiction launches as indicators of scalable growth.
BetMGM reported net revenue of $710 million for the third quarter, a 7 percent increase year-on-year. The operator cited disciplined execution, new exclusive gaming content, and an enhanced sportsbook offering as key drivers. Strong player engagement during the World Cup further supported revenue growth and improved player values.
iGaming revenue rose 6 percent to $483 million. Online sports net revenue increased 7 percent to $21 million. Adjusted EBITDA reached $86 million, up 112 percent from the prior-year period. The company also completed a successful multi-product launch in Alberta, with per-player metrics trending above those recorded at the Ontario launch.
Product and Operational Priorities
The operator highlighted improvements to speed, stability, and responsiveness across its platform. According to reporting by G3 Newswire, these enhancements positioned the product ahead of the football season. BetMGM maintained operational nimbleness in a highly competitive environment while prioritizing its iGaming franchise and generating positive cash flow.
Guidance and Long-Term Positioning
BetMGM reiterated its FY 2026 guidance. The company remains on track to deliver toward the lower end of the net revenue range of $2.9 billion to $3.1 billion and the Adjusted EBITDA range of $300 million to $350 million. Adam Greenblatt, Chief Executive Officer of BetMGM, stated that underlying player fundamentals remain strong and that the results support confidence in the long-term outlook of the business.
The performance reflects execution against specific product and market opportunities described in the results without altering the operator’s annual targets.
Reporting: G3 Newswire
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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