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BetMGM reports higher customer acquisition costs amid prediction-market competition

Deals & M&A

BetMGM chief executive Adam Greenblatt said prediction-market companies increased the operator’s customer acquisition costs in Q1 2026. BetMGM reported net revenue of $696m, up 6.6% year on year, and adjusted EBITDA of $25m, up 11%; average monthly active users fell 9% to 597,000 while handle per active user rose 23%.

BetMGM’s rising acquisition costs and shifting user activity may pressure marketing decisions despite revenue and adjusted EBITDA growth.

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Deals & M&A

Sportradar reports 47% US revenue growth as prediction-market work expands

Sportradar reported that US revenue rose 47% year on year to €98m in Q3 2026, which the company attributed partly to growing demand from prediction-market businesses. Chief executive Carsten Koerl said the impact of states excluding markets was not material to the company, citing contract terms that restrict content use where those products cannot be offered.

U.S. revenue rose 47% to €98m ($109.7m) in Q3 2026, against Q3 2025. Growing work in the prediction markets industry fueled the 47% year-over-year increase in Sportradar’s U.S. revenue in Q3. CEO Carsten Koerl said he does not worry about more states excluding sports event contracts.

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