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MGM Resorts International MGM Q3 2026 earnings

Reported October 28, 2026 · After market close

Revenue$4.2BMiss by $2.5M
EPS-$0.11Miss by $0.15
Revenue estimate$4.2B
EPS estimate$0.04
“MGM Resorts remains highly focused on the successful operations of our businesses. Our trailing twelve months Las Vegas Strip Resorts Segment Adjusted EBITDAR has grown by nearly 70% since calendar year 2019 and, while lower room rates during the third quarter impacted our results, October has rebounded favorably. Our diverse portfolio remains an advantage, with MGM China achieving 5% revenue growth and strong market share performance, while our digital businesses - including our BetMGM North America Venture and MGM Digital - reported strong topline growth during the third quarter. MGM Resorts remains dedicated to our mission to be the world's largest gaming and entertainment company with global integrated resorts, a leading digital presence, and, notably, an enviable growth pipeline with MGM Osaka to drive future value.”
Bill Hornbuckle

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$4.2B-0.9%
Operating income$118.7M+205%
Net income-$17.1M+94.0%
EPS (diluted)-$0.07+93.3%

Balance sheet

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Cash & equivalents$2.4B+12.3%
Total debt$29.7B-5.7%
Total equity$2.5B-6.4%
Total assets$39.5B-4.7%

Cash flow

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Operating cash flow$532.5M-21.9%
CapEx$221.7M-19.7%
Free cash flow$310.8M-23.3%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$7.29B-13.2%
Enterprise value$34.63B-8.4%
P/E10.5×-110×
P/S0.4×-0.1×

Profitability

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Operating margin7%+1.4pp
Net margin3.9%+3.5pp
FCF margin7.9%0.0pp

Returns & leverage

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Return on equity26.8%+24.4pp
Debt / equity11.9×+0.1×
Current ratio1.2×0.0×

Segments

By segment

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Las Vegas Strip Resorts$2.0B-1.5%
MGM China$1.1B+4.6%
Regional Operations$883.2M-7.7%
MGM Digital$183.7M—

By product

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Casino$2.3B+0.5%
Rooms$763.0M-4.1%
Food and beverage$741.5M-1.0%
Entertainment, retail and other$403.0M-2.3%

FAQ

When did MGM Resorts International report Q3 2026 earnings?
MGM Resorts International (MGM) reported Q3 2026 earnings on October 28, 2026 after market close.
What were MGM Resorts International's Q3 2026 revenue and EPS?
MGM Resorts International reported revenue of $4.2B and eps of $-0.11 for Q3 2026.
Did MGM Resorts International beat estimates in Q3 2026?
Revenue missed the consensus estimate of $4.2B by $2.5M. EPS missed the consensus estimate of $0.04 by $0.15.
How did MGM Resorts International's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.9% from $4.3B a year earlier.
Where can I find MGM Resorts International's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000789570-26-000104) and the 10-Q periodic report (0000789570-26-000107) directly on SEC EDGAR. The filing index links above go to sec.gov.