Form 10-Q · Quarterly report
MGM Resorts 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0000789570
- Accession no.
- 0000789570-26-000107
Summary
MGM Resorts reported third-quarter 2026 revenue of $4.21 billion, down 1% from a year earlier, and operating income of $119 million versus a prior-year operating loss of $113 million. Net loss attributable to MGM Resorts narrowed to $17.1 million from $285.3 million, while nine-month revenue rose 1% to $13.12 billion and operating income increased 36%.
Key points
- Third-quarter revenue fell 1% year over year as Regional Operations revenue dropped 8% and Las Vegas Strip Resorts revenue fell 2%, partly offset by MGM China rising 5% and MGM Digital rising 6%.
- Operating income improved to $119 million from a $113 million loss in the prior-year quarter, which included a $256 million goodwill impairment and $93 million of other write-downs and impairments related to Empire City.
- Nine-month operating income rose 36% from a year earlier, helped by a $265 million gain in property transactions, including a $253 million gain on the sale of MGM Northfield Park operations, and partly offset by a $111 million goodwill impairment.
- Consolidated Adjusted EBITDA was $402.8 million for the third quarter, down from $505.8 million a year earlier.
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 September 30, Nine Months Ended September 30, 2026 2025 2026 2025 (In thousands) Revenue $ 4,211,891 $ 4,250,464 $ 13,117,602 $ 12,932,416 Operating income (loss) 118,684 (112,852) 923,562 676,770 Net income (loss) 39,207 (206,729) 536,788 138,096 Net income (loss) attributable to MGM Resorts International (17,108) (285,255) 400,461 (87,750) Revenue for the three months ended September 30, 2026 decreased 1% compared to the prior year quarter due primarily to revenue from Regional Operations decreasing 8% and Las Vegas Strip…
An excerpt of the text as filed with the SEC, cut for length.
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