BetMGM reports $696m Q1 revenue and first parent fees
BetMGM reported revenue of $696m for Q1 2026, up 6% year on year, and said it accrued its first parent fees to MGM Resorts and Entain. The operator recorded $3m in fees, while adjusted EBITDA rose to $25m from $22m a year earlier. BetMGM lowered its 2026 revenue forecast to $2.9bn-$3.1bn and retained its adjusted EBITDA target of $300m-$350m, with expectations at the lower end.
BetMGM’s lower revenue outlook and first parent fees give investors an updated view of its performance and costs.