Entain BetMGM Cuts 2026 Revenue Forecast, Maintains EBITDA Guidance

Entain BetMGM’s decision to lower its 2026 revenue forecast may create short‑term uncertainty among investors, while the retention of its EBITDA guidance signals that the company’s profitability expectations remain intact. Technical indicators suggest a robust bullish trend: the price is above both the 20‑ and 50‑day moving averages, and the MACD line is above its signal line. However, an RSI reading above 70 indicates the stock is in an overbought zone, raising the likelihood of a short‑term pullback. Overall, market sentiment could be neutral or slightly bearish in the near term.

Entain’s decision to lower its 2026 revenue forecast for BetMGM may exert short‑term pressure on MGM Resorts International (MGM) shares. However, the company’s decision to maintain its EBITDA guidance could mitigate the negative impact. Technical indicators support a potential short‑term pullback. Following a 6 % intraday rally, the Relative Strength Index (RSI) remains around 54—an intermediate level—while the Moving Average Convergence Divergence (MACD) sits below its signal line. These conditions suggest a likelihood of a brief correction. The stock’s close above the 20‑day moving average indicates that the overall trend remains bullish, yet volatility could rise after the announcement. In the near term, shares may experience a modest retracement, after which a recovery could be considered. Key tickers: Entain (ENT), MGM Resorts International (MGM).