#USA #Las Vegas #BetMGM #MGM Resorts #MGM China

MGM Resorts International Reports Q3 2026 Results

On October 28, 2026, MGM Resorts International announced its financial results for the third quarter, ending September 30, 2026. The quarterly report highlighted a challenging market environment but also showcased resilience in various segments of the business.

Key Financial Highlights

MGM Resorts recorded consolidated revenue of $4.2 billion, which reflects a 1% decrease compared to the same period last year. Notably, the company reported a net loss of $17 million for the quarter, a significant improvement from a loss of $285 million in the previous year. This was accompanied by a consolidated Adjusted EBITDA of $403 million, down from $506 million in Q3 2025. The diluted loss per share stood at $0.07, compared to $1.05 in the prior year.

Segment Performance

Las Vegas Strip Resorts

The Las Vegas Strip resorts segment generated $2.0 billion in revenue, marking a 2% decline year-over-year. The Adjusted EBITDAR for this segment was $531 million, down 12% from $601 million in Q3 2025.

Regional Operations

Revenue from regional operations decreased by 8% to $883 million. However, when adjusted for any major changes, same-store revenue actually increased by 1%, showcasing resilience amid the overall downturn. The segment recorded an Adjusted EBITDAR of $243 million, reflecting an 18% decrease compared to the same period last year.

MGM China

In a positive note, MGM China reported a 5% increase in revenue, totaling $1.1 billion. Despite this growth, the Adjusted EBITDAR for MGM China dropped by 7%, coming in at $264 million.

MGM Digital and BetMGM

The company’s digital segment, including BetMGM, reported revenues of $184 million, reflecting a 6% increase from $174 million last year. The adjusted EBITDAR loss for MGM Digital was reduced to $4 million, down from a loss of $23 million in the prior year.

CEO's Commentary

Bill Hornbuckle, President and CEO of MGM Resorts International, emphasized the commitment to operational excellence and remarked on the diversified portfolio's advantages. He noted that the Las Vegas Strip's adjusted EBITDAR has surged nearly 70% since 2019, despite the challenges posed by lower room rates observed in Q3. However, there are signs of recovery in October, indicating a positive trend.

Future Outlook

Looking forward, MGM Resorts remains focused on strategic growth. Notably, the company has plans for the integrated resort MGM Osaka, which promises to further strengthen its global presence. Alongside this, a recently amended voting agreement is seen as a crucial move to facilitate shareholder value through strategic stock repurchase actions.

Conclusion

In summary, while the overall financial performance shows a slight decline, MGM Resorts International is witnessing significant growth in specific areas, particularly in its digital operations and MGM China. This adaptability and strong management position the company positively for future developments in the global gaming and hospitality industry.

The next opportunity for stakeholders to delve deeper into these results will be during the conference call held later today, where management will discuss results further and respond to questions from investors and analysts alike.