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MGM Resorts International Unit BetMGM Reports Q3 Net Sales Of $710M, Up 7% YoY
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Strong Q3 performance reflects disciplined execution supported by new exclusive gaming content and enhanced sportsbook offering
Net Revenue of $710 million, up +7% YoY
iGaming Net Revenue of $483 million (+6% YoY) and Online Sports Net Revenue of $216 million (+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
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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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