BetMGM delays $500M EBITDA goal after Q2 income declines

In the second quarter of 2026, BetMGM reported some growth in terms of revenue from the previous year. However, the revenue growth was only minor and the outlook of the company regarding profitability in the long run was downgraded due to the pressure the earnings were subject to. The revenue of the company has increased

Home » BetMGM delays $500M EBITDA goal after Q2 income declines

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The income of the corporate has increased by 3% YoY, on the other hand, the adjusted EBITDA has suffered a decline of 15% and is now equal to $74 million compared to $86 million in the 2nd quarter of 2025. The adjusted EBITDA has gone down by 9% when compared to the previous year.

BetMGM revised its earlier forecast of achieving the goal of $500 million of adjusted EBITDA by the 365 days to 2027 and has now mentioned that this can not attain that goal in the close future.

The company management explained the delay related to the contemporary market prerequisites particularly declaring the rising affect of the prediction market and present unsafe regulations.

Source: TheGamblest