LAS VEGAS, Nevada—MGM Resorts International reported its financial results for the quarter ended June 30, 2026.
“MGM Resorts once again demonstrated the strength of our diversified portfolio with record second-quarter consolidated revenue driven by a second consecutive quarter of year-over-year revenue growth for Las Vegas Strip Resorts, all-time best Regional Operations same-store quarterly revenue, and 20 percent year-over-year revenue growth at MGM Digital,” said Bill Hornbuckle, president and chief executive officer of MGM Resorts International. “Alongside this momentum in our existing operations, we continue to build for the future with investment in the largest integrated resort in the world, MGM Osaka, on track for 2030 opening, as well as returns on our digital businesses.”
“Our disciplined and targeted capital allocation strategy fueled Segment Adjusted EBITDAR growth across our Las Vegas Strip Resorts, record-setting results at several of our Regional Operations, and market share gains at MGM China,” said Jonathan Halkyard, chief financial officer of MGM Resorts International. “We will continue to allocate growth capital to drive significant returns on investment with meaningful opportunities at our Las Vegas luxury offerings.”
Consolidated Results
- Consolidated revenue of $4.5 billion, an increase of 1 percent compared to the prior year quarter
- Net income attributable to MGM Resorts was $292 million in the current quarter compared to $49 million in the prior year quarter
- Consolidated Adjusted EBITDA of $610 million in the current quarter compared to $648 million in the prior year quarter
- Diluted earnings per share of $1.11 in the current quarter compared to $0.18 in the prior year quarter
- Adjusted diluted earnings per share (“Adjusted EPS”) of $0.59 in the current quarter compared to $0.79 in the prior year quarter
Las Vegas Strip Resorts
- Revenue of $2.2 billion in the current quarter compared to $2.1 billion in the prior year quarter, an increase of 3 percent
- Segment Adjusted EBITDAR of $735 million in the current quarter compared to $710 million in the prior year quarter, an increase of 3 percent
Regional Operations
- Revenue of $924 million in the current quarter compared to $965 million in the prior year quarter, a decrease of 4 percent
- Same-store revenue (adjusted for dispositions) of $904 million in the current quarter compared to $879 million in the prior year quarter, an increase of 3 percent
- Segment Adjusted EBITDAR of $280 million in the current quarter compared to $309 million in the prior year quarter, a decrease of 9 percent
- Same-Store Segment Adjusted EBITDAR of $271 million in the current quarter, which was flat compared to the prior year quarter
MGM China
- Revenue of $1.1 billion in the current quarter, which was relatively flat compared to the prior year quarter
- Segment Adjusted EBITDAR of $257 million in the current quarter compared to $301 million in the prior year quarter, a decrease of 15 percent
- Intercompany branding license fee expense increased by $21 million over the prior year quarter
MGM Digital
- Revenue of $196 million in the current quarter compared to $164 million in the prior year quarter, an increase of 20 percent
- Segment Adjusted EBITDAR loss of $31 million in the current quarter compared to a loss of $26 million in the prior year quarter
