MGM Resorts reported record consolidated revenue of $4.45 billion for the quarter ended June 30, 2026, with net income attributable to the company of $292 million and diluted adjusted earnings per share of $0.59. Consolidated Adjusted EBITDA was $610 million for the quarter, and the company repurchased about 4 million shares for $164 million under its repurchase plan. Management highlighted segment strength across Las Vegas Strip Resorts, record same-store quarterly revenue in Regional Operations and 20% revenue growth at MGM Digital.

Financial Highlights

  • Consolidated revenue: $4,450,993,000 for the three months ended June 30, 2026 (up 1% year-over-year).
  • Net income attributable to MGM Resorts: $292,433,000 for the quarter.
  • Consolidated Adjusted EBITDA: $610,387,000 for the quarter.
  • Diluted earnings per share: $1.11 for the quarter; Adjusted diluted EPS: $0.59 for the quarter.
  • Share repurchases: ~4 million shares repurchased during Q2 2026 for $164 million; remaining repurchase availability ≈ $1.4 billion as of June 30, 2026.

Business Highlights

  • Las Vegas Strip Resorts delivered $2.17 billion in revenue, a 3% increase year-over-year, and Segment Adjusted EBITDAR of $735 million (up 3%).
  • Regional Operations achieved all-time best same-store quarterly revenue at $904 million (same-store revenue up 3% year-over-year) despite total regional revenue of $924 million reflecting dispositions.
  • MGM China revenue remained relatively flat at $1.10 billion; Segment Adjusted EBITDAR declined to $257 million with an increased intercompany branding license fee expense.
  • MGM Digital grew revenue 20% year-over-year to $196 million, while reporting a Segment Adjusted EBITDAR loss of $31 million.
  • Capital allocation and development: investment continues in the MGM Osaka integrated resort (on track for a 2030 opening) and targeted growth capital directed to Las Vegas luxury offerings.

Original SEC Filing:

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