MGM Resorts International MGM Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Las Vegas Strip Resorts | $8.45B+0.1% | $8.44B-0.7% | $8.5B-1.7% | $8.65B-1.0% | $8.74B-0.9% | |
| MGM China | $4.56B+2.1% | $4.46B+5.1% | $4.24B+3.9% | $4.09B+2.3% | $3.99B-0.7% | |
| Regional Operations | $3.79B+0.5% | $3.77B+0.5% | $3.75B+0.1% | $3.75B+1.0% | $3.71B-0.2% | |
| Costs and Expenses by Business | ||||||
| Las Vegas Strip Resorts | $5.65B+1.2% | $5.58B-0.5% | $5.61B-0.3% | $5.63B-0.3% | $5.65B-1.1% | |
| MGM China | $3.37B+3.3% | $3.26B+4.5% | $3.12B+3.7% | $3.01B+2.9% | $2.92B-0.4% | |
| MGM Digital | $790.39M+6.2% | $744.5M+4.7% | $710.82M+4.9% | $677.57M+5.0% | $645.29M+2.6% | |
| Regional Operations | $2.65B+1.4% | $2.61B+0.8% | $2.59B+0.4% | $2.58B+0.7% | $2.56B-0.5% | |
| Segment Adjusted EBITDAR by Business | ||||||
| Las Vegas Strip Resorts | $2.8B-2.2% | $2.86B-1.0% | $2.89B-4.3% | $3.02B-2.3% | $3.09B-0.5% | |
| MGM China | $1.19B-1.0% | $1.2B+6.9% | $1.13B+4.3% | $1.08B+0.7% | $1.07B-1.4% | |
| MGM Digital | -$81.52M+9.7% | -$90.31M+14.0% | -$105.02M-0.4% | -$104.59M-12.7% | -$92.83M-20.2% | |
| Regional Operations | $1.14B-1.7% | $1.16B-0.1% | $1.16B-0.4% | $1.17B+1.8% | $1.15B+0.4% | |
| Other segment items by Business | ||||||
| Las Vegas Strip Resorts | $2.27B+2.6% | $2.21B-0.7% | $2.23B+0.9% | $2.21B-0.9% | $2.23B-3.2% | |
| MGM China | $568.59M+5.3% | $540.21M+3.5% | $521.7M+2.6% | $508.72M+2.9% | $494.28M-0.1% | |
| MGM Digital | $199.19M+4.6% | $190.44M+0.4% | $189.66M+7.3% | $176.83M+4.7% | $168.81M+3.9% | |
| Regional Operations | $771.63M+3.1% | $748.24M+2.0% | $733.28M+1.4% | $723.42M+0.9% | $716.85M-1.7% | |
| Cost of Sales by Business | ||||||
| Las Vegas Strip Resorts | $520.88M+0.9% | $516M-0.6% | $519.34M-1.1% | $525.15M-0.8% | $529.38M-1.4% | |
| MGM China | $119.88M+3.1% | $116.26M+3.9% | $111.95M+6.2% | $105.39M+3.7% | $101.67M+5.3% | |
| Regional Operations | $161.9M-0.1% | $162M-1.1% | $163.85M-0.6% | $164.88M+0.1% | $164.74M-1.3% | |
| Gaming taxes by Business | ||||||
| Las Vegas Strip Resorts | $226.12M-1.7% | $230.05M+0.4% | $229.07M-1.0% | $231.48M-1.1% | $234.11M+0.5% | |
| MGM China | $2.02B+2.8% | $1.97B+4.9% | $1.88B+4.3% | $1.8B+3.0% | $1.75B-1.7% | |
| MGM Digital | $172.73M+9.5% | $157.72M+8.2% | $145.73M+6.7% | $136.57M+6.9% | $127.75M+1.4% | |
| Regional Operations | $766.96M+0.5% | $763.17M+0.3% | $760.9M-0.3% | $762.91M+0.8% | $756.54M-0.2% | |
| Payroll related by Business | ||||||
| Las Vegas Strip Resorts | $2.63B+0.3% | $2.62B-0.3% | $2.63B-1.1% | $2.66B+0.3% | $2.65B+0.7% | |
| MGM China | $652.2M+3.0% | $633.05M+4.2% | $607.47M+2.6% | $591.93M+2.4% | $577.9M+2.1% | |
| MGM Digital | $129.41M+0.5% | $128.72M+7.4% | $119.89M+8.5% | $110.48M+14.2% | $96.75M+10.5% | |
| Regional Operations | $945.71M+1.1% | $935.7M+0.5% | $931.13M+0.3% | $928.75M+0.4% | $924.63M+0.2% | |
| CapEx by Business | ||||||
| Las Vegas Strip Resorts | $459.38M-10.6% | $513.61M-6.3% | $548.28M-5.4% | $579.74M-3.3% | $599.41M+0.4% | |
| MGM China | $177.62M-9.0% | $195.21M-6.5% | $208.85M-4.9% | $219.6M+13.7% | $193.17M+29.8% | |
| MGM Digital | $86.41M+4.3% | $82.82M-4.8% | $86.97M+7.4% | $80.95M+11.6% | $72.52M+10.1% | |
| Regional Operations | $151.33M-1.9% | $154.19M-9.5% | $170.32M-9.2% | $187.6M+8.3% | $173.28M+1.6% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Casino | $9.58B+1.3% | $9.45B+4.0% | $9.09B+1.9% | $8.91B+1.3% | $8.8B+0.1% | |
| Entertainment, retail and other | $1.68B+0.7% | $1.66B-1.1% | $1.68B-0.6% | $1.69B+1.4% | $1.67B-1.5% | |
| Food and beverage | $3.08B+1.1% | $3.05B-0.1% | $3.05B-0.2% | $3.06B-0.8% | $3.08B0.0% | |
| Rooms | $3.38B+0.1% | $3.38B-2.4% | $3.46B-2.5% | $3.55B-1.1% | $3.59B-2.5% | |
| Cost of Sales by Product | ||||||
| Casino | $5.45B+2.0% | $5.34B+3.5% | $5.16B+2.3% | $5.04B+2.3% | $4.93B-0.6% | |
| Entertainment, retail and other | $1.06B+1.8% | $1.04B-1.0% | $1.05B+0.2% | $1.05B+1.0% | $1.04B-2.1% | |
| Food and beverage | $2.28B+0.7% | $2.26B+0.5% | $2.25B-0.4% | $2.26B+0.2% | $2.26B+0.1% | |
| Rooms | $1.11B+0.4% | $1.1B+0.1% | $1.1B-1.8% | $1.12B-0.5% | $1.13B+0.6% | |
| Decrease by Product | ||||||
| Customer Advances and Other | $24.88M-28.7% | $34.89M+686% | -$5.96M+80.8% | -$31.04M-186% | $36.11M-42.8% | |
| Contract with Customer, Liability, Current by Product | ||||||
| Customer Advances and Other | $3.25B+0.8% | $3.23B+1.1% | $3.19B-0.2% | $3.2B-1.1% | $3.23B+1.0% | |
| Loyalty Program | $853.2M0.0% | $853.16M+0.2% | $851.59M+0.5% | $847.11M+1.2% | $836.71M+1.3% | |
| Outstanding Chip Liability | $792.17M+0.2% | $790.36M-1.5% | $802.05M+2.0% | $786.49M+1.1% | $777.91M-1.7% |
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.
