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MGM Resorts International MGM Q2 2025 earnings

Reported July 30, 2025 · After market close

Revenue$4.4BBeat by $155.4M
EPS$0.79Beat by $0.21
Revenue estimate$4.2B
EPS estimate$0.58

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$4.3B
EPS estimate$0.17

Financials

Q2 2025

Income statement

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Revenue$4.4B+1.8%
Operating income$404.6M-5.0%
Net income$49.0M-73.8%
EPS (diluted)$0.18-70.0%

Balance sheet

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Cash & equivalents$2.0B-18.9%
Total debt$31.6B-0.5%
Total equity$3.0B-7.4%
Total assets$41.7B-0.3%

Cash flow

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Operating cash flow$645.9M+36.2%
CapEx$268.4M+12.7%
Free cash flow$377.4M+59.9%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$9.31B-34.6%
Enterprise value$38.94B-10.6%
P/E17.3×+1.1×
P/S0.5×-0.3×

Profitability

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Operating margin8.1%-1.7pp
Net margin3.1%-2.0pp
FCF margin7.5%-1.2pp

Returns & leverage

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Return on equity17.4%-5.6pp
Debt / equity10.6×+0.7×
Current ratio1.2×-0.3×

Segments

By product

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Casino$2.3B+5.3%
Rooms$860.4M-4.3%
Food and beverage$778.2M-3.0%
Entertainment, retail and other$436.5M+8.7%

By segment

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Las Vegas Strip Resorts$2.1B-4.1%
MGM China$1.1B+9.0%
Regional Operations$964.6M+4.0%

By geography

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United States$3.1B-2.0%
China$1.1B+11.0%

FAQ

When did MGM Resorts International report Q2 2025 earnings?
MGM Resorts International (MGM) reported Q2 2025 earnings on July 30, 2025 after market close.
What were MGM Resorts International's Q2 2025 revenue and EPS?
MGM Resorts International reported revenue of $4.4B and eps of $0.79 for Q2 2025.
Did MGM Resorts International beat estimates in Q2 2025?
Revenue beat the consensus estimate of $4.2B by $155.4M. EPS beat the consensus estimate of $0.58 by $0.21.
How did MGM Resorts International's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.8% from $4.3B a year earlier and eps declined 8.1% from $0.86.
Where can I find MGM Resorts International's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000789570-25-000032) and the 10-Q periodic report (0000789570-25-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.