BetMGM Q3 Update Highlights Profit Growth, Sets Stage Ahead of MGM Resorts Q3 Earnings

MGM Resorts International’s joint‐venture sports betting arm, BetMGM LLC, released its Q3 2026 business update on October 13. The results delivered clear signs of improved financial performance and room for upside ahead of MGM Resorts’ own Q3 earnings report scheduled for October 28.

Solid Q3 Performance at BetMGM

BetMGM, co‐owned by MGM Resorts (NYSE: MGM) and Entain, posted net revenue of $710 million for the third quarter, marking a 7% year‑over‑year gain. This was driven by iGaming net revenue of $483 million (+6%) and online sports net revenue of $216 million (+7%). Adjusted EBITDA surged 112% compared to the same period last year, indicating a meaningful step toward profitability in the business. Management cited strong player engagement bolstered by the World Cup and successful content expansion, as well as a promising launch in Alberta where per‑player metrics notably exceeded those in Ontario.

At the same time, BetMGM reiterated its full‑year 2026 guidance, targeting net revenue of $2.9‑$3.1 billion and adjusted EBITDA of $300‑$350 million. Longer-term, the business affirmed confidence in achieving $500 million in adjusted EBITDA in future years. This outlook reinforces investor visibility into BetMGM’s potential and may influence expectations ahead of MGM Resorts’ Q3 results.

What This Means for MGM Resorts Ahead of Q3 Report

While BetMGM’s update is encouraging, its impact on MGM Resorts’ share price will depend on how these numbers translate into broader digital segment performance. MGM Resorts is set to release its own Q3 results after markets close on October 28. Investors will be watching closely to see if BetMGM’s momentum feeds through to MGM Resorts’ earnings, particularly in its digital and iGaming segments and overall profitability.

Next Steps and Market Watch

With BetMGM showing growth in both revenue and adjusted EBITDA, the spotlight now shifts to MGM Resorts’ Q3 earnings. Key areas to monitor include the contribution from BetMGM to consolidated results, margins across segments, and any updated commentary on digital business strategy. These disclosures could be instrumental in shaping investor sentiment and stock performance heading into the final quarter of 2026.

Verified stock price context: As of October 14, MGM Resorts shares were trading at $28.96, down 1.46% for the day. This figure will serve as the benchmark as investors assess market reaction to upcoming earnings.