LAS VEGAS, Nevada—MGM Resorts International reported its monetary outcomes for the quarter ended March 31, 2026.
“We’re happy to report report 1Q consolidated internet revenues pushed primarily by MGM China and MGM Digital, in addition to progress at our BetMGM North America Enterprise,” stated Invoice Hornbuckle, president and chief government officer of MGM Resorts Worldwide. “MGM Resorts’ Las Vegas Strip Resorts delivered comparable interval quarterly prime line progress for the primary time in over a 12 months and month-to-month internet revenues that strengthened into March. Wanting into the second quarter and past, we’re seeing indicators of power pushed by strong conference bookings, our newly launched all-inclusive promotion, and our not too long ago refreshed rooms on the MGM Grand Las Vegas.”
“This month we closed on the sale of the operations of MGM Northfield Park for $546 million, reflecting a considerably greater a number of than at present ascribed to our premium and various operations,” stated Jonathan Halkyard, chief monetary officer of MGM Resorts Worldwide. “The proceeds present MGM Resorts with incremental liquidity to be deployed in step with our priorities of sustaining a robust stability sheet, together with the return of capital to shareholders by share repurchases.”
First Quarter 2026 Monetary Highlights:
Consolidated Outcomes
- Consolidated internet revenues of $4.5 billion, a rise of 4 p.c in comparison with the prior 12 months quarter.
- Internet earnings attributable to MGM Resorts was $125 million within the present quarter, in comparison with $149 million within the prior 12 months quarter.
- Consolidated Adjusted EBITDA of $580 million within the present quarter in comparison with $637 million within the prior 12 months quarter.
- Diluted earnings per share of $0.48 within the present quarter, in comparison with $0.51 within the prior 12 months quarter.
- Adjusted diluted earnings per share (“Adjusted EPS”) of $0.49 within the present quarter in comparison with $0.69 within the prior 12 months quarter.
Las Vegas Strip Resorts
- Internet revenues of $2.2 billion within the present quarter, which elevated barely in comparison with the prior 12 months quarter.
- Section Adjusted EBITDAR of $749 million within the present quarter in comparison with $811 million within the prior 12 months quarter, a lower of 8 p.c.
Regional Operations
- Internet revenues of $918 million within the present quarter in comparison with $900 million within the prior 12 months quarter, a rise of two p.c.
- Section Adjusted EBITDAR of $259 million within the present quarter in comparison with $279 million within the prior 12 months quarter, a lower of seven p.c.
MGM China
- Internet revenues of $1.1 billion within the present quarter in comparison with $1.0 billion within the prior 12 months quarter, a rise of 9 p.c.
- Section Adjusted EBITDAR of $273 million within the present quarter in comparison with $286 million within the prior 12 months quarter, a lower of 4 p.c.
- Intercompany branding license charge expense elevated by $23 million over the prior 12 months quarter; this was the primary quarter reflecting the brand new long-term branding settlement between MGM and MGM China.
MGM Digital
- Internet revenues of $183 million within the present quarter in comparison with $128 million within the prior 12 months quarter, a rise of 43 p.c.
- Section Adjusted EBITDAR lack of $26 million within the present quarter in comparison with a lack of $34 million within the prior 12 months quarter.
