MGM Resorts International MGM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Las Vegas Strip Resorts | $2.18B+0.7% | $2.17B+9.1% | $1.98B-6.2% | $2.11B-2.8% | $2.18B-2.1% | |
| MGM China | $1.12B-9.3% | $1.24B+13.7% | $1.09B-2.0% | $1.11B+8.0% | $1.03B+0.9% | |
| Regional Operations | $917.91M-3.4% | $950.43M-0.7% | $956.88M-0.8% | $964.61M+7.1% | $900.42M-3.3% | |
| Costs and Expenses by Business | ||||||
| Las Vegas Strip Resorts | $1.43B0.0% | $1.43B+3.4% | $1.38B-1.5% | $1.4B+2.9% | $1.36B-6.4% | |
| MGM China | $848.56M-6.1% | $904.15M+12.5% | $803.74M-0.6% | $808.75M+9.0% | $741.91M-2.9% | |
| MGM Digital | $208.34M+6.7% | $195.21M-1.0% | $197.28M+4.1% | $189.56M+16.7% | $162.45M+0.6% | |
| Regional Operations | $658.47M-1.8% | $670.42M+1.4% | $661.35M+0.8% | $655.96M+5.6% | $621.38M-4.5% | |
| Segment Adjusted EBITDAR by Business | ||||||
| Las Vegas Strip Resorts | $749.21M+1.9% | $735.35M+22.4% | $600.87M-15.4% | $710.5M-12.4% | $811.16M+6.0% | |
| MGM China | $273.47M-17.7% | $332.3M+17.0% | $283.99M-5.8% | $301.34M+5.5% | $285.57M+12.1% | |
| MGM Digital | -$25.6M-267% | -$6.97M+70.0% | -$23.25M+9.5% | -$25.7M+25.3% | -$34.39M-58.7% | |
| Regional Operations | $259.44M-7.3% | $280.01M-5.2% | $295.52M-4.3% | $308.66M+10.6% | $279.04M-0.7% | |
| Other segment items by Business | ||||||
| Las Vegas Strip Resorts | $573.83M-0.9% | $578.92M+2.4% | $565.27M+2.1% | $553.9M+7.3% | $516.25M-13.3% | |
| MGM China | $148.81M-6.9% | $159.84M+19.8% | $133.46M+5.5% | $126.48M+5.0% | $120.42M-14.8% | |
| MGM Digital | $53.25M+21.3% | $43.9M-15.4% | $51.9M+3.5% | $50.14M+12.7% | $44.5M+3.2% | |
| Regional Operations | $193.89M-2.9% | $199.73M+4.7% | $190.81M+1.9% | $187.2M+9.8% | $170.5M-7.7% | |
| Cost of Sales by Business | ||||||
| Las Vegas Strip Resorts | $132.64M+0.4% | $132.12M+4.7% | $126.19M-2.9% | $129.93M+1.7% | $127.76M-5.7% | |
| MGM China | $31.12M0.0% | $31.13M+2.8% | $30.28M+10.7% | $27.35M-0.5% | $27.5M+2.6% | |
| Regional Operations | $37.12M-13.4% | $42.84M+4.2% | $41.1M+0.6% | $40.85M+9.8% | $37.21M-16.7% | |
| Gaming taxes by Business | ||||||
| Las Vegas Strip Resorts | $55.28M-13.6% | $63.97M+20.6% | $53.04M-1.5% | $53.82M-9.1% | $59.21M-6.0% | |
| MGM China | $504.28M-6.3% | $537.9M+11.5% | $482.21M-3.6% | $500.14M+11.4% | $448.78M+0.6% | |
| MGM Digital | $45.63M+1.9% | $44.8M+4.8% | $42.73M+8.0% | $39.56M+29.2% | $30.63M-6.7% | |
| Regional Operations | $188.51M-1.2% | $190.88M-0.5% | $191.9M-1.9% | $195.67M+5.9% | $184.71M-2.1% | |
| Payroll related by Business | ||||||
| Las Vegas Strip Resorts | $669.47M+2.1% | $655.7M+2.6% | $639.27M-4.1% | $666.55M+0.7% | $661.75M-0.4% | |
| MGM China | $164.36M-6.2% | $175.28M+11.1% | $157.78M+1.9% | $154.78M+6.6% | $145.21M-3.0% | |
| MGM Digital | $30.24M-4.1% | $31.52M-9.4% | $34.8M+5.9% | $32.85M+11.2% | $29.54M+30.2% | |
| Regional Operations | $238.96M+0.8% | $236.97M-0.2% | $237.54M+2.3% | $232.24M+1.4% | $228.95M-1.5% | |
| CapEx by Business | ||||||
| Las Vegas Strip Resorts | $51.01M-64.3% | $142.95M-1.6% | $145.28M+20.9% | $120.13M+14.2% | $105.24M-40.8% | |
| MGM China | $42.15M+14.5% | $36.82M-21.8% | $47.08M-8.7% | $51.58M-13.6% | $59.74M+18.4% | |
| MGM Digital | $22.02M-4.5% | $23.06M+15.8% | $19.91M-7.0% | $21.42M+16.2% | $18.44M-32.2% | |
| Regional Operations | $19.76M-59.1% | $48.34M+15.2% | $41.97M+1.7% | $41.25M+82.4% | $22.62M-64.9% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Casino | $2.38B-7.6% | $2.57B+12.2% | $2.29B-1.5% | $2.33B+3.4% | $2.25B+1.9% | |
| Entertainment, retail and other | $403.17M-4.7% | $422.95M+2.5% | $412.64M-5.5% | $436.49M+11.5% | $391.35M-11.3% | |
| Food and beverage | $804.84M+7.5% | $749.02M+0.1% | $748.6M-3.8% | $778.18M+1.0% | $770.17M+2.4% | |
| Rooms | $867.85M+1.1% | $858.36M+7.9% | $795.24M-7.6% | $860.4M-0.3% | $863.41M-8.4% | |
| Cost of Sales by Product | ||||||
| Casino | $1.35B-6.3% | $1.44B+9.0% | $1.32B-0.9% | $1.33B+7.2% | $1.24B-1.2% | |
| Entertainment, retail and other | $253.42M-11.0% | $284.88M+8.8% | $261.77M-0.4% | $262.88M+12.1% | $234.43M-20.5% | |
| Food and beverage | $576.28M+0.9% | $570.95M+3.0% | $554.55M-3.8% | $576.63M+2.9% | $560.3M+0.1% | |
| Rooms | $285.28M+1.4% | $281.38M+5.5% | $266.77M-1.9% | $272.07M-3.1% | $280.85M+0.2% | |
| Decrease by Product | ||||||
| Customer Advances and Other | -$21.33M-130% | $70.59M+181% | $25.09M+151% | -$49.47M-337% | -$11.32M-138% | |
| Loyalty Program | -$11.27M— | —— | $4.3M— | —— | -$9.73M-681% | |
| Outstanding Chip Liability | -$25.19M— | —— | -$35.19M-178% | $45.24M+217% | -$38.69M-188% | |
| Contract with Customer, Liability, Current by Product | ||||||
| Customer Advances and Other | $838.79M-2.5% | $860.13M+8.9% | $789.53M+3.3% | $764.45M-6.1% | $813.92M-1.4% | |
| Loyalty Program | $205.31M-5.2% | $216.58M-0.6% | $217.8M+2.0% | $213.5M+4.0% | $205.28M-4.5% | |
| Outstanding Chip Liability | $178.83M-12.3% | $204.02M+9.1% | $187.07M-15.8% | $222.26M+25.6% | $177.02M-17.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MGM Resorts International break its business down?
- MGM Resorts International (MGM) reports revenue from contract with customer, excluding assessed tax by business across 3 parts — Las Vegas Strip Resorts, MGM China and Regional Operations. Each is extracted from the segment footnotes and tracked over time.
- Where does MGM Resorts International's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MGM Resorts International's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
