LAS VEGAS, Nevada—MGM Resorts Worldwide reported its monetary outcomes for the quarter ended March 31, 2026.
“We’re happy to report document 1Q consolidated web revenues pushed primarily by MGM China and MGM Digital, in addition to development at our BetMGM North America Enterprise,” stated Invoice Hornbuckle, president and chief govt officer of MGM Resorts Worldwide. “MGM Resorts’ Las Vegas Strip Resorts delivered comparable interval quarterly high line development for the primary time in over a yr and month-to-month web revenues that strengthened into March. Trying into the second quarter and past, we’re seeing indicators of energy pushed by strong conference bookings, our newly launched all-inclusive promotion, and our lately 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 presently ascribed to our premium and numerous operations,” stated Jonathan Halkyard, chief monetary officer of MGM Resorts Worldwide. “The proceeds present MGM Resorts with incremental liquidity to be deployed in keeping with our priorities of sustaining a powerful stability sheet, together with the return of capital to shareholders via share repurchases.”
First Quarter 2026 Monetary Highlights:
Consolidated Outcomes
Consolidated web revenues of $4.5 billion, a rise of 4 p.c in comparison with the prior yr quarter.
Internet earnings attributable to MGM Resorts was $125 million within the present quarter, in comparison with $149 million within the prior yr quarter.
Consolidated Adjusted EBITDA of $580 million within the present quarter in comparison with $637 million within the prior yr quarter.
Diluted earnings per share of $0.48 within the present quarter, in comparison with $0.51 within the prior yr quarter.
Adjusted diluted earnings per share (“Adjusted EPS”) of $0.49 within the present quarter in comparison with $0.69 within the prior yr quarter.
Las Vegas Strip Resorts
Internet revenues of $2.2 billion within the present quarter, which elevated barely in comparison with the prior yr quarter.
Section Adjusted EBITDAR of $749 million within the present quarter in comparison with $811 million within the prior yr 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 yr 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 yr 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 yr 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 yr quarter, a lower of 4 p.c.
Intercompany branding license charge expense elevated by $23 million over the prior yr 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 yr 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 yr quarter.
