Menu

BetMGM starts 2026 profitable but growth slows and outlook narrows slightly
🖼️
0

BetMGM starts 2026 profitable but growth slows and outlook narrows slightly

ReadWrite·Suswati Basu·about 2 months ago
#lTQFzF6o
Reading 0:00
15s threshold

BetMGM entered 2026 still making money, though its latest results point to a business that has lost some of last year’s momentum. First-quarter net revenue reached $696 million, up 6% from the same period a year ago. Adjusted EBITDA rose 11% to $25 million. The company remains profitable after a strong 2025, but the pace is clearly more modest now. BetMGM will help kick off the latest gaming industry corporate earnings season April 14; among the stories to watch will be potential handle slowdown hitting much of the rest of the industry as sportsbooks' profit margins increase and prediction markets trading volume grows — Ryan Butler (@ButlerBets) April 9, 2026 Sports betting is where the slowdown appears to stand out most. Online sports revenue rose to $203 million in the quarter, a 4% increase. That is far below the growth rates seen through 2025, when the segment posted gains of 68% in the first quarter, 56% in the second, and 36% in the third.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More