BetMGM up seven per cent in its third quarter following a successful World Cup
BetMGM reported third-quarter net revenue of $710m, up seven per cent year on year, citing new exclusive gaming content and an enhanced sportsbook offering.
BetMGM said third-quarter net revenue rose seven per cent year on year to $710m, supported by what it described as disciplined execution, new exclusive gaming content and an improved sportsbook. iGaming revenue increased six per cent to $483m, while Online Sports Net Revenue rose seven per cent to $21m. Adjusted EBITDA reached $86m, up 112 per cent year on year.
The operator cited strong player engagement during the quarter, including the successful World Cup, and pointed to a multi-product launch in Alberta where per-player metrics were trending above the Ontario launch. It said the quarter reflected continued revenue and player-value growth.
BetMGM reiterated its full-year 2026 guidance and said it remains on track to deliver toward the lower end of its net revenue range of $2.9bn to $3.1bn and Adjusted EBITDA range of $300m to $350m. CEO Adam Greenblatt said the company is executing with discipline, prioritising strengths such as iGaming, and generating positive cash flow and Adjusted EBITDA, adding confidence in its long-term outlook.
