LAS VEGAS, Nevada—MGM Resorts International reported monetary outcomes for the quarter and 12 months ended December 31, 2025.
“MGM Resorts as soon as once more noticed the good thing about a diversified operational technique, delivering Consolidated Adjusted EBITDA development of 20 p.c within the fourth quarter regardless of headwinds in Las Vegas,” mentioned Invoice Hornbuckle, president and chief govt officer of MGM Resorts Worldwide. “As we enter 2026, we’re filled with optimism for the longer term pushed by the strong base of group and conference enterprise and the completion of the MGM Grand renovations in Las Vegas, continued strong and unwavering leads to our Regional Operations, premium mass management place at MGM China, double digit income development in BetMGM North America Enterprise, and a global pipeline of long-term development with MGM Osaka.”
“In 2025, we drove vital monetary stewardship initiatives, together with sourcing low price of debt capital for MGM Osaka, driving $135 million in distributions from our BetMGM North America Enterprise and $153 million from MGM China, saying the sale of the Northfield Park operations at a major premium to our Las Vegas and Regional brick and mortar operations a number of, and repurchasing over $1.2 billion in shares,” mentioned Jonathan Halkyard, chief monetary officer of MGM Resorts Worldwide. “The combination influence of those monetary initiatives positions MGM Resorts with constant sources of money circulate to fund future development and ship important worth for our shareholders.”
Consolidated Outcomes for This fall 2025
- Consolidated internet revenues of $4.6 billion, a rise of 6 p.c in comparison with the prior 12 months quarter.
- Web earnings attributable to MGM Resorts of $294 million in comparison with $157 million within the prior 12 months quarter.
- Consolidated Adjusted EBITDA of $635 million within the present quarter in comparison with $528 million within the prior 12 months quarter, a rise of 20 p.c.
- Diluted earnings per share of $1.11 within the present quarter in comparison with $0.52 within the prior 12 months quarter.
- Adjusted diluted earnings per share (“Adjusted EPS”) of $1.60 within the present quarter in comparison with Adjusted EPS of $0.45 within the prior 12 months quarter.
Las Vegas Strip Resorts
- Web revenues of $2.2 billion, a lower of three p.c in comparison with the prior 12 months quarter.
- Section Adjusted EBITDAR of $735 million within the present quarter in comparison with $765 million within the prior 12 months quarter, a lower of 4 p.c.
Regional Operations
- Web revenues of $950 million within the present quarter in comparison with $932 million within the prior 12 months quarter, a rise of two p.c.
- Section Adjusted EBITDAR of $280 million within the present quarter in comparison with $281 million within the prior 12 months quarter.
MGM China
- Web revenues of $1.2 billion within the present quarter in comparison with $1.0 billion within the prior 12 months quarter, a rise of 21 p.c.
- Section Adjusted EBITDAR of $332 million within the present quarter in comparison with $255 million within the prior 12 months quarter, a rise of 30 p.c.
MGM Digital
- Web revenues of $188 million within the present quarter in comparison with $140 million within the prior 12 months quarter, a rise of 35 p.c.
- Section Adjusted EBITDAR lack of $7 million within the present quarter in comparison with a lack of $22 million within the prior 12 months quarter.
Consolidated Outcomes for Full-12 months 2025
- Consolidated internet revenues of $17.5 billion within the present 12 months in comparison with $17.2 billion within the prior 12 months, a rise of two p.c.
- Web earnings attributable to MGM Resorts of $206 million within the present 12 months, in comparison with $747 million within the prior 12 months.
- Consolidated Adjusted EBITDA of $2.4 billion within the present 12 months, a rise of 1 p.c in comparison with the prior 12 months.
- Diluted earnings per share of $0.76 within the present 12 months in comparison with diluted earnings per share of $2.40 within the prior 12 months.
- Adjusted EPS of $3.31 within the present 12 months in comparison with $2.59 within the prior 12 months.
Las Vegas Strip Resorts
- Web revenues of $8.4 billion within the present 12 months in comparison with $8.8 billion within the prior 12 months, a lower of 4 p.c.
- Section Adjusted EBITDAR of $2.9 billion within the present 12 months in comparison with $3.1 billion within the prior 12 months, a lower of 8 p.c.
Regional Operations
- Web revenues of $3.8 billion within the present 12 months in comparison with $3.7 billion within the prior 12 months, a rise of 1 p.c.
- Section Adjusted EBITDAR of $1.2 billion within the present 12 months in comparison with $1.1 billion within the prior 12 months, a rise of two p.c.
MGM China
- Web revenues of $4.5 billion within the present 12 months in comparison with $4.0 billion within the prior 12 months, a rise of 11 p.c.
- Section Adjusted EBITDAR of $1.2 billion within the present 12 months in comparison with $1.1 billion within the prior 12 months, a rise of 11 p.c.
MGM Digital
- Web revenues of $654 million within the present 12 months in comparison with $552 million within the prior 12 months, a rise of 19 p.c.
- Section Adjusted EBITDAR lack of $90 million within the present 12 months in comparison with a lack of $77 million within the prior 12 months.
