BetMGM reports Q3 revenue of $710 million, up 7% year-over-year
BetMGM a leading sports betting and iGaming operator across North America, jointly owned by MGM Resorts International and Entain is today providing an update on its Q3 2026 performance.
Strong Q3 performance reflects supported by new exclusive gaming content and enhanced sportsbook offering produced net revenue of $710 million, up +7% YoY.
iGaming net revenue was $483 million (+6% YoY) and online sports net revenue we $216 million up (+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.
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.
Adam Greenblatt, Chief Executive Officer of BetMGM, commented: “BetMGM delivered a strong Q3 as we continue to execute with discipline and generate profitable growth. Our product is stronger than it’s ever been, with significant improvements to speed, stability, and responsiveness ahead of this football season.
We have continued to prioritize our areas of strength – particularly our iGaming franchise – and remain operationally nimble as we navigate a highly competitive environment. Our underlying player fundamentals remain strong, and we are generating positive cash flow and Adjusted EBITDA. These put us on track to deliver against our 2026 guidance and support our confidence in the long-term outlook of our business.”