Citing a trio of factors, BetMGM lowered its revenue and cash-flow guidance for the balance of 2026. While still guiding to US$300 million to US$350 million of annual cash flow, BetMGM executives are now aiming for the lower end of that range.
Revenue for the full year is projected to come in between US$2.9 billion and US$3.1 billion. That is down from a previous range of US$3.1 billion to US$3.2 billion.
First-quarter revenue of US$696 million was 6% higher than in the year previous. However, it came up short of Wall Street projections on the order of US$785 million.
Cash flow also underachieved.
