MGM Resorts International Unit BetMGM Reports Q3 Net Sales Of $710M, Up 7% YoY

BetMGM, a unit of MGM Resorts International, reported Q3 net sales of $710 million, reflecting a 7% year-over-year increase. The iGaming segment generated $483 million in net revenue, up 6% YoY, while online sports revenue reached $216 million, a 7% increase. Adjusted EBITDA for the quarter was $86 million, marking a significant 112% rise YoY. BetMGM also reaffirmed its FY 2026 guidance, targeting net revenue between $2.9 billion and $3.1 billion and adjusted EBITDA of $300 million to $350 million.