BetMGM Q3 adjusted EBITDA doubles to $86 million, full-year 2026 guidance reaffirmed

BetMGM reported a 112% year-over-year increase in third-quarter adjusted EBITDA to $86 million , as growth in iGaming and online sports betting revenue supported its profitability. The company, jointly owned by MGM Resorts International and Entain, recorded net revenue of $710 million for the quarter, up 7% from a year earlier. iGaming net revenue increased 6% to $483 million, while online sports betting net revenue rose 7% to $216 million.