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+0.2% | $2.17B-2.6% | $1.98B-6.9% | $2.11B-4.1% | $2.18B-3.5% | |
| MGM China | $1.12B+9.2% | $1.24B+21.4% | $1.09B+17.0% | $1.11B+9.0% | $1.03B-2.7% | |
| Regional Operations | $917.91M+1.9% | $950.43M+2.0% | $956.88M+0.5% | $964.61M+4.0% | $900.42M-1.0% | |
| Costs and Expenses by Business | ||||||
| Las Vegas Strip Resorts | $1.43B+4.9% | $1.43B-1.9% | $1.38B-1.2% | $1.4B-1.3% | $1.36B-4.4% | |
| MGM China | $848.56M+14.4% | $904.15M+18.3% | $803.74M+16.1% | $808.75M+11.7% | $741.91M-1.7% | |
| MGM Digital | $208.34M+28.2% | $195.21M+20.9% | $197.28M+20.3% | $189.56M+20.5% | $162.45M+11.0% | |
| Regional Operations | $658.47M+6.0% | $670.42M+3.1% | $661.35M+1.4% | $655.96M+2.7% | $621.38M-2.2% | |
| Segment Adjusted EBITDAR by Business | ||||||
| Las Vegas Strip Resorts | $749.21M-7.6% | $735.35M-3.9% | $600.87M-17.8% | $710.5M-9.2% | $811.16M-2.0% | |
| MGM China | $273.47M-4.2% | $332.3M+30.5% | $283.99M+19.6% | $301.34M+2.5% | $285.57M-5.2% | |
| MGM Digital | -$25.6M+25.6% | -$6.97M+67.9% | -$23.25M-1.9% | -$25.7M-84.4% | -$34.39M-83.0% | |
| Regional Operations | $259.44M-7.0% | $280.01M-0.4% | $295.52M-1.5% | $308.66M+7.0% | $279.04M+1.8% | |
| Other segment items by Business | ||||||
| Las Vegas Strip Resorts | $573.83M+11.2% | $578.92M-2.8% | $565.27M+3.8% | $553.9M-3.5% | $516.25M-12.6% | |
| MGM China | $148.81M+23.6% | $159.84M+13.1% | $133.46M+10.8% | $126.48M+12.9% | $120.42M-0.5% | |
| MGM Digital | $53.25M+19.7% | $43.9M+1.8% | $51.9M+32.9% | $50.14M+19.0% | $44.5M+16.5% | |
| Regional Operations | $193.89M+13.7% | $199.73M+8.1% | $190.81M+5.4% | $187.2M+3.6% | $170.5M-6.7% | |
| Cost of Sales by Business | ||||||
| Las Vegas Strip Resorts | $132.64M+3.8% | $132.12M-2.5% | $126.19M-4.4% | $129.93M-3.2% | $127.76M-5.5% | |
| MGM China | $31.12M+13.2% | $31.13M+16.1% | $30.28M+27.6% | $27.35M+15.8% | $27.5M+23.0% | |
| Regional Operations | $37.12M-0.3% | $42.84M-4.1% | $41.1M-2.4% | $40.85M+0.3% | $37.21M-5.4% | |
| Gaming taxes by Business | ||||||
| Las Vegas Strip Resorts | $55.28M-6.6% | $63.97M+1.5% | $53.04M-4.3% | $53.82M-4.6% | $59.21M+2.2% | |
| MGM China | $504.28M+12.4% | $537.9M+20.6% | $482.21M+18.9% | $500.14M+11.7% | $448.78M-6.2% | |
| MGM Digital | $45.63M+49.0% | $44.8M+36.5% | $42.73M+27.3% | $39.56M+28.7% | $30.63M+6.3% | |
| Regional Operations | $188.51M+2.1% | $190.88M+1.2% | $191.9M-1.0% | $195.67M+3.4% | $184.71M-0.7% | |
| Payroll related by Business | ||||||
| Las Vegas Strip Resorts | $669.47M+1.2% | $655.7M-1.3% | $639.27M-4.5% | $666.55M+1.2% | $661.75M+2.8% | |
| MGM China | $164.36M+13.2% | $175.28M+17.1% | $157.78M+10.9% | $154.78M+10.0% | $145.21M+9.0% | |
| MGM Digital | $30.24M+2.4% | $31.52M+38.9% | $34.8M+37.1% | $32.85M+71.8% | $29.54M+45.0% | |
| Regional Operations | $238.96M+4.4% | $236.97M+2.0% | $237.54M+1.0% | $232.24M+1.8% | $228.95M+0.8% | |
| CapEx by Business | ||||||
| Las Vegas Strip Resorts | $51.01M-51.5% | $142.95M-19.5% | $145.28M-17.8% | $120.13M-14.1% | $105.24M+2.2% | |
| MGM China | $42.15M-29.4% | $36.82M-27.0% | $47.08M-18.6% | $51.58M+105% | $59.74M+288% | |
| MGM Digital | $22.02M+19.4% | $23.06M-15.2% | $19.91M+43.3% | $21.42M+64.9% | $18.44M+56.7% | |
| Regional Operations | $19.76M-12.6% | $48.34M-25.0% | $41.97M-29.2% | $41.25M+53.2% | $22.62M+14.0% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Casino | $2.38B+5.6% | $2.57B+16.5% | $2.29B+8.2% | $2.33B+5.3% | $2.25B+0.5% | |
| Entertainment, retail and other | $403.17M+3.0% | $422.95M-4.2% | $412.64M-2.5% | $436.49M+5.6% | $391.35M-6.1% | |
| Food and beverage | $804.84M+4.5% | $749.02M-0.4% | $748.6M-0.9% | $778.18M-3.0% | $770.17M+0.1% | |
| Rooms | $867.85M+0.5% | $858.36M-8.9% | $795.24M-10.0% | $860.4M-4.3% | $863.41M-9.7% | |
| Cost of Sales by Product | ||||||
| Casino | $1.35B+8.5% | $1.44B+14.4% | $1.32B+9.7% | $1.33B+9.2% | $1.24B-2.2% | |
| Entertainment, retail and other | $253.42M+8.1% | $284.88M-3.5% | $261.77M+0.8% | $262.88M+4.3% | $234.43M-8.6% | |
| Food and beverage | $576.28M+2.9% | $570.95M+2.0% | $554.55M-1.6% | $576.63M+0.9% | $560.3M+0.4% | |
| Rooms | $285.28M+1.6% | $281.38M+0.4% | $266.77M-6.9% | $272.07M-2.1% | $280.85M+2.3% | |
| Decrease by Product | ||||||
| Customer Advances and Other | -$21.33M-88.5% | $70.59M+137% | $25.09M— | -$49.47M-380% | -$11.32M-172% | |
| Loyalty Program | -$11.27M-15.8% | —— | $4.3M-58.0% | —— | -$9.73M-38.5% | |
| Outstanding Chip Liability | -$25.19M+34.9% | —— | -$35.19M+16.6% | $45.24M+96.2% | -$38.69M-84.5% | |
| Contract with Customer, Liability, Current by Product | ||||||
| Customer Advances and Other | $838.79M+3.1% | $860.13M+4.2% | $789.53M-0.7% | $764.45M-4.4% | $813.92M+4.1% | |
| Loyalty Program | $205.31M0.0% | $216.58M+0.7% | $217.8M+2.1% | $213.5M+5.1% | $205.28M+5.3% | |
| Outstanding Chip Liability | $178.83M+1.0% | $204.02M-5.4% | $187.07M+9.1% | $222.26M+4.0% | $177.02M-7.1% |
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.
