Entain

BetMGM Q3 reassures

  • Sectors : Gaming and leisure
  • Companies : Entain

Ratings and price correct at time of issue.

  • Entain

    Closing Price: 448p

  • RATING 25/09/25

  • PREVIOUS RATING 13/12/17

    NEUTRAL

DAVY VIEW

BetMGM released a Q3 update. Importantly, it has reiterated its guidance for revenue and aEBITDA for the full year and has again stated that it can achieve $500m of aEBITDA in the coming years. At aEBITDA, this guide implies a beat to our FY26 forecasts. We had observed significant investor concerns around BetMGM’s profitability build given the heightened levels of investment from both regulated peers and Prediction Markets operators. As a result, we believe this update should be well received.

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Oct 13 2026, 13:10 IST/BST

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