Key facts
- BetMGM expects its 2026 revenue and profit to be at the lower end of its forecast range.
- The company's $500 million profit target will be delayed.
- Increased competition from prediction market platforms is impacting BetMGM's outlook.
U.S. online gambling operator BetMGM has forecast that its annual revenue and profit will fall towards the lower end of its expected range. The company also warned that its profit target of $500 million would take longer to achieve, citing intensifying competition from prediction market platforms.
BetMGM's outlook suggests a more challenging path to reaching its financial goals, influenced by a dynamic market landscape.