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MGM Resorts International MGM Q3 2025 earnings

Reported October 29, 2025 · After market close

Revenue$4.3BMiss by $168.8M
EPS$0.24Miss by $0.13
Revenue estimate$4.4B
EPS estimate$0.37

Next report

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

Financials

Q3 2025

Income statement

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Revenue$4.3B+1.6%
Operating income-$112.9M-136%
Net income-$285.3M-255%
EPS (diluted)-$1.05-272%

Balance sheet

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Cash & equivalents$2.1B-27.7%
Total debt$31.5B-2.8%
Total equity$2.7B-17.2%
Total assets$41.4B-3.1%

Cash flow

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Operating cash flow$681.4M+2.1%
CapEx$276.0M-17.9%
Free cash flow$405.4M+22.4%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$9.43B-22.4%
Enterprise value$38.82B-6.8%
P/E135.4×+122×
P/S0.5×-0.2×

Profitability

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Operating margin5.6%-3.8pp
Net margin0.4%-4.8pp
FCF margin7.9%+0.2pp

Returns & leverage

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Return on equity2.4%-22.7pp
Debt / equity11.8×+1.7×
Current ratio1.2×0.0×

Segments

By product

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Casino$2.3B+8.2%
Rooms$795.2M-10.0%
Food and beverage$748.6M-0.9%
Entertainment, retail and other$412.6M+0.3%

By segment

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Las Vegas Strip Resorts$2.0B-6.9%
MGM China$1.1B+17.0%
Regional Operations$956.9M+0.5%

By geography

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

FAQ

When did MGM Resorts International report Q3 2025 earnings?
MGM Resorts International (MGM) reported Q3 2025 earnings on October 29, 2025 after market close.
What were MGM Resorts International's Q3 2025 revenue and EPS?
MGM Resorts International reported revenue of $4.3B and eps of $0.24 for Q3 2025.
Did MGM Resorts International beat estimates in Q3 2025?
Revenue missed the consensus estimate of $4.4B by $168.8M. EPS missed the consensus estimate of $0.37 by $0.13.
How did MGM Resorts International's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.6% from $4.2B a year earlier and eps declined 55.6% from $0.54.
Where can I find MGM Resorts International's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000789570-25-000073) and the 10-Q periodic report (0000789570-25-000074) directly on SEC EDGAR. The filing index links above go to sec.gov.