LAS VEGAS- MGM Resorts International (NYSE: MGM) ('MGM Resorts' or the 'Company') today reported financial results for the quarter ended June 30, 2026.
* Record 2Q consolidated revenue
* Second consecutive quarter of Las Vegas Strip Resorts year-over-year revenue growth
* All-time best Regional Operations same-store quarterly revenue
'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% year-over-year revenue growth at MGM Digital,' said Bill Hornbuckle, President and CEO 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, CFO 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.'
Second Quarter 2026 Financial Highlights:
Consolidated Results
Consolidated revenue of $4.5 billion, an increase of 1% 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%
Segment Adjusted EBITDAR of $735 million in the current quarter compared to $710 million in the prior year quarter, an increase of 3%
Regional Operations
Revenue of $924 million in the current quarter compared to $965 million in the prior year quarter, a decrease of 4%
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%
Segment Adjusted EBITDAR of $280 million in the current quarter compared to $309 million in the prior year quarter, a decrease of 9%
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%
Intercompany branding license fee expense increased by $21 million over the prior year quarter
MGM Digital (1)
Revenue of $196 million in the current quarter compared to $164 million in the prior year quarter, an increase of 20%
Segment Adjusted EBITDAR loss of $31 million in the current quarter compared to a loss of $26 million in the prior year quarter
(1)
MGM Digital consists of LeoVegas and other consolidated subsidiaries that offer interactive gaming; it does not include the BetMGM North America Venture.
Adjusted EPS
The following table reconciles diluted earnings per share ('EPS') to Adjusted EPS (approximate EPS impact shown, per share; positive adjustments represent charges to income):
See full release at: https://investors.mgmresorts.com/2026-07-29-MGM-RESORTS-INTERNATIONAL-REPORTS-SECOND-QUARTER-2026-FINANCIAL-AND-OPERATING-RESULTS
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