BetMGM sets target for $500M in EBIDA in 2026 at investor event [Seeking Alpha]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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investors.mgmresorts.com
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Source: Seeking Alpha
During the presentation, BetMGM's Chief Executive Officer Adam Greenblatt and Chief Financial Officer Gary Deutsch highlighted the company's overall strategy and outlook. The BetMGM executives also explained why 2024 is an investment year to drive enterprise value for shareholders. BetMGM noted that it achieved its 2023 guidance of reaching the upper end of $1.8B to $2.0B in revenue and EBITDA profitability in the second half. Key enhancements in both digital sports and market-leading iGaming product were said to present the sports betting platform the opportunity to invest competitively behind the brand, driving accelerated player acquisition and aiding player retention. Looking further ahead, a target was set for BetMGM to hit $500M in EBITDA in 2026, which was a later timeline than some analysts anticipated and may be a slower pace to sizable profitability than rivals FanDuel and DraftKings ( DKNG ). During the presentation, BetMGM clarified that no M&A is currently envisioned.
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MGM
News
- Las Vegas Strip casinos get sobering visitor news [Yahoo! Finance]Yahoo! Finance
- Vegas feels chill as Canadians cut back on travel [Yahoo! Finance Canada]Yahoo! Finance Canada
- MGM Resorts International (NYSE:MGM) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- MGM RESORTS INTERNATIONAL ANNOUNCES NEW LONG TERM BRANDING AGREEMENT WITH MGM CHINAPR Newswire
- MGM Resorts International (NYSE:MGM) was given a new $38.00 price target on by analysts at Barclays PLC. They now have a "negative" rating on the stock.MarketBeat
MGM
Earnings
- 10/29/25 - Miss
MGM
Sec Filings
- 12/9/25 - Form 4
- 12/9/25 - Form SCHEDULE
- 12/3/25 - Form 4
- MGM's page on the SEC website