“Product is stronger than it’s ever been, with significant improvements to speed, stability, and responsiveness”
BetMGM has said that its strong Q3 performance reflects disciplined execution supported by new exclusive gaming content and enhanced sportsbook offering with net revenue of $710m, up seven per cent year-on-year.
iGaming revenue was up six per cent to $483m, with Online Sports Net Revenue up seven per cent to $21m, whilst Adjusted EBITDA of $86m was up 112 per cent year-on-year. The operator said it had strong player engagement through Q3, including the successful World Cup, driving continued growth in revenue and player values and also highlighted a successful multi-product launch in Alberta, with per-player metrics trending above the Ontario launch.
BetMGM has reiterated its FY 2026 guidance and remains on track to deliver towards the lower end of Net Revenue ($2.9bn to $3.1bn) and Adjusted EBITDA ($300 to $350m) guidance ranges.
Adam Greenblatt, Chief Executive Officer of BetMGM, said: “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 prioritise 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.”