Sentiment: Unknown
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BetMGM Stock: Outlook Cut as Prediction Market Competition Bites
By Trader Edge at 2026-10-14 10:44
Sentiment: Unknown
TLDR BetMGM cut its annual outlook for the second time in 2026, guiding to the lower end of its $2.9B–$3.1B revenue range Q2 net revenue came in at $711 million, up 3% year-on-year, driven by 8% iGaming growth The $500 million adjusted EBITDA target has been pushed past its 2027 deadline Competition from prediction market [...] The post BetMGM Stock: Outlook Cut as Prediction Market Competition Bites appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central