Form 10-Q · Quarterly report
MGM Resorts 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000789570
- Accession no.
- 0000789570-26-000076
Summary
MGM Resorts reported second-quarter 2026 revenue of $4.45 billion, up 1% from a year earlier, with net income attributable to the company rising to $292 million from $49 million, helped by a $255 million gain on the sale of MGM Northfield Park operations and offset by a $111 million goodwill impairment. Las Vegas Strip Resorts revenue rose 3% and MGM Digital 20%, while Regional Operations fell 4% and MGM China 1%; consolidated Adjusted EBITDA declined to $610 million from $648 million.
Key points
- Second-quarter revenue was $4.45 billion versus $4.40 billion a year earlier; first-half revenue was $8.91 billion, up 3%.
- Las Vegas Strip table games win percentage rose to 29.6% from 22.9%, while ADR fell to $242 from $252 and RevPAR to $224 from $235 at roughly flat 93% occupancy.
- MGM China segment Adjusted EBITDAR fell 15% to $257 million, which the company attributed partly to a $21 million increase in intercompany branding license fee expense.
- MGM Digital posted a segment Adjusted EBITDAR loss of $31 million versus a $26 million loss a year earlier, on higher marketing and gaming taxes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Results of Operations Summary Operating Results The following table summarizes our consolidated operating results: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (In thousands) Revenue $ 4,450,993 $ 4,404,870 $ 8,905,711 $ 8,681,952 Operating income 503,636 404,565 804,878 789,622 Net income 322,789 118,094 497,581 344,825 Net income attributable to MGM Resorts International 292,433 48,951 417,569 197,505 Revenue for the three months ended June 30, 2026 increased 1% compared to the prior year quarter due primarily to revenue from Las Vegas Strip Resorts increasing 3% and MGM Digital increasing 20%, partially offset by revenue from…
An excerpt of the text as filed with the SEC, cut for length.
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