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BetMGM (MGM/ENT LN) says it expect both Net Revenue and Adjusted EBITDA towards lower end of existing guidance ranges

StockNow breaking-news AI analysis

BetMGM expects 2026 revenue and EBITDA at the lower end of guidance despite 8% iGaming growth, as flat sports betting revenue and a $711 million quarterly total signal a conservative outlook.

News detail

Net Revenue of USD 711mln, +3% Y/Y iGaming Net Revenue of USD 483mln (+8% Y/Y) and Online Sports Net Revenue of USD 228mln (flat Y/Y) Adjusted EBITDA of USD 74mln

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