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MGM Resorts' BetMGM Q2 Net Revenue Rises, Adjusted EBITDA Declines

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MGM Resorts International's (MGM) BetMGM unit, which it jointly owns with UK-based gambling and sports betting company Entain, provided an update Tuesday on its Q2 and H1 2026 financial performance.

The company said net revenue rose to $711 million in Q2 from $692 million a year earlier.

For the full year, it expects net revenue and adjusted EBITDA to be toward the low end of their respective guidance ranges of $2.9 billion to $3.1 billion and $300 million to $350 million.

BetMGM also reported adjusted earnings before interest, taxes, depreciation, and amortization of $74 million, down from $86 million a year earlier.

Shares of MGM Resorts International were down 1.2%.

Price: $45.70, Change: $-0.60, Percent Change: -1.30%

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