BetMGM sees FY26 $3.1B-$3.2B; Adjusted EBITDA $300M-$350M

Confidence in pathway to achieving $500M adjusted EBITDA in FY 2027. Adam Greenblatt, CEO of BetMGM, commented: “2025 was a record year for BetMGM, outperforming expectations with the execution of our refined strategy coming together at scale. Q4 2025 saw record performances, completing a year where both iGaming and Online Sports achieved step change results, reflecting robust engagement, improved player economics, sharper player management, and continued platform and product enhancements. BetMGM’s meaningfully improved profitability and material EBITDA generation now sees us returning cash to our parent companies and marks a clear inflection in our growth trajectory. Looking ahead to 2026 and beyond, the strong underlying metrics and health of the business continue to reinforce our confidence in our outlook as we enter the next phase of growth. As the industry continues to evolve, we will continue to focus on winning the BetMGM way.” BetMGM is jointly owned by MGM Resorts (MGM) International and Entain plc.