BetMGM Cuts 2026 Revenue Outlook but Maintains EBITDA Guidance Amid Sports Betting Challenges
BetMGM has reduced its 2026 revenue forecast to $2.9 billion–$3.1 billion, despite maintaining adjusted EBITDA guidance of $300 million–$350 million. The company reported Q1 net revenue of $696 million, with iGaming driving growth, but faced headwinds in sports betting due to unfavorable results and higher customer acquisition costs.
Topics: EBITDA guidance iGaming market competition revenue outlook sports betting