BetMGM emphasizes igaming growth as 2026 targets are set

BetMGM has set a target of approximately $500 million in EBITDA for 2026. In a briefing the operator, jointly owned by Entain and MGM Resorts International also expects to achieve the upper end of its revenue guidance of $1.8 billion to $2 billion for the current year.

BetMGM aims to be EBITDA profitable in the second half of this year. The financial forecasts position BetMGM for self-funding going forward, according to MGM CEO Adam Greenblatt.

 

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It's impressive to see that BetMGM has set such ambitious targets for its future growth. The target of approximately $500 million in EBITDA for 2026 speaks to their confidence in the long-term success of their operations.

By aiming to achieve the upper end of its revenue guidance of $1.8 billion to $2 billion for the current year, BetMGM is demonstrating strong performance and a positive outlook. The fact that they expect to be EBITDA profitable in the second half of this year is a clear indicator of their financial stability and potential for profitability.

The ability to be self-funding going forward is a significant milestone for any company, and it shows that BetMGM is focused on building a sustainable and financially strong business. This not only provides stability for the company itself but also instills confidence in investors and stakeholders.

The partnership between Entain and MGM Resorts International has proven to be fruitful, with BetMGM benefiting from the expertise and resources of both companies. This joint ownership has undoubtedly contributed to BetMGM's success and its ability to set ambitious targets for future growth.

Overall, BetMGM's financial forecasts and goals paint a positive picture for the company's future. With an emphasis on iGaming growth, they are positioning themselves well in a rapidly evolving industry. It will be interesting to see how they navigate the competitive landscape and work towards achieving their targets in the coming years.