BETMGM Q3 2026 BUSINESS UPDATE - Oct 13, 2026
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BETMGM Q3 2026 BUSINESS UPDATE
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Strong Q3 with disciplined execution continuing to drive profitable growth
Jersey City, N.J. | Oct. 13, 2026| – BetMGM LLC ("BetMGM"), a leading sports betting and iGaming operator across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), today provided an update on its Q3 2026 performance.
Strong Q3 performance reflects disciplined execution supported by new exclusive gaming content and enhanced sportsbook offering
- Net Revenue: $710 million, +7% Year-over-Year (YoY)
- iGaming Net Revenue: $483 million (+6% YoY)
- Online Sports Net Revenue: $216 million (+7% YoY)
- Adjusted EBITDA: $86 million, +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.
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."
Key Financial Highlights
Q3 2026 BetMGM Financial Summary
| Q3 2026 | Q3 2025 | YoY Change | |---|---|---| | $ millions, unless otherwise noted | | | | Q3 | Q3 | | | 2026 | 2025 | | | Net Revenue | iGaming | $483 | $454 | +6% | | | Online Sports | $216 | $202 | +7% | | | Retail / Other | $11 | $11 | +5% | | | Total Net Revenue | $710 | $667 | +7% | | Contribution | $175 | $133 | +32% | | Adjusted EBITDA | $86 | $41 | +112% | | Capital Expenditures | $4 | $3 | +$1 | | Parent Fees | $18 | | +$18 | | Average Monthly Actives (thousands) | 587 | 902 | (3%) |