BetMGM Delivers Profitable Q1 Growth as It Trims 2026 Revenue Outlook

An update from Entain plc ( (GB:ENT) ) is now available.

BetMGM reported first‑quarter 2026 net revenue of $696 million, up 6% year on year, driven by 9% growth in iGaming and 4% growth in online sports, while adjusted EBITDA rose 11% to $25 million despite a deliberate pullback in player acquisition that reduced average monthly actives. The business reinforced its podium position with a 13% GGR market share and continued to prioritize higher‑value customers, reflected in rising handle and NGR per active even as total actives declined.

Management trimmed full‑year 2026 net revenue guidance to a range of $2.9 billion to $3.1 billion from a prior $3.1 billion to $3.2 billion, but maintained adjusted EBITDA guidance of $300 million to $350 million, now expected toward the lower end. The updated outlook underscores a strategy of disciplined, profitable growth centered on iGaming, Nevada and premium mass sports bettors, while supporting cash distributions to parent companies and keeping BetMGM on course for a targeted $500 million in adjusted EBITDA in 2027.

The most recent analyst rating on (GB:ENT) stock is a Buy with a £1050.00 price target. To see the full list of analyst forecasts on Entain plc stock, see the GB:ENT Stock Forecast page.

Spark’s Take on ENT Stock

According to Spark, TipRanks’ AI Analyst, ENT is a Neutral.

The score is driven primarily by solid and improving cash flow plus improved leverage (financial performance), supported by generally positive earnings-call guidance and execution momentum (including BetMGM). These positives are tempered by inconsistent profitability and a weak technical setup (negative MACD and below key longer-term moving averages), while valuation support is mixed due to a negative P/E despite a ~3.6% dividend yield.

To see Spark’s full report on ENT stock, click here.

More about Entain plc

Entain plc is a global sports betting and gaming group, with BetMGM as its North American joint venture alongside MGM Resorts International. BetMGM operates online sports betting, iGaming and some retail betting across multiple U.S. states, Ontario and other North American markets, with particular strength in iGaming and a strategic focus on multi‑product states and Nevada.

Average Trading Volume: 2,871,743

Technical Sentiment Signal: Strong Sell

Current Market Cap: £3.42B

Learn more about ENT stock on TipRanks’ Stock Analysis page.