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-3.3% | $8.44B-4.2% | $8.5B-5.2% | $8.65B-3.2% | $8.74B-1.6% | |
| MGM China | $4.56B+14.1% | $4.46B+10.9% | $4.24B+6.5% | $4.09B+5.6% | $3.99B+11.2% | |
| Regional Operations | $3.79B+2.1% | $3.77B+1.4% | $3.75B+2.5% | $3.75B+3.1% | $3.71B+2.1% | |
| Costs and Expenses by Business | ||||||
| Las Vegas Strip Resorts | $5.65B0.0% | $5.58B-2.2% | $5.61B-0.8% | $5.63B-0.5% | $5.65B+0.2% | |
| MGM China | $3.37B+15.2% | $3.26B+11.0% | $3.12B+13.7% | $3.01B+14.7% | $2.92B+18.3% | |
| MGM Digital | $790.39M+22.5% | $744.5M+18.3% | $710.82M+21.7% | $677.57M+26.4% | $645.29M+30.4% | |
| Regional Operations | $2.65B+3.3% | $2.61B+1.3% | $2.59B+1.1% | $2.58B+1.5% | $2.56B+1.0% | |
| Segment Adjusted EBITDAR by Business | ||||||
| Las Vegas Strip Resorts | $2.8B-9.5% | $2.86B-8.0% | $2.89B-9.9% | $3.02B-5.3% | $3.09B-2.9% | |
| MGM China | $1.19B+11.2% | $1.2B+10.7% | $1.13B+2.8% | $1.08B-0.4% | $1.07B+7.2% | |
| MGM Digital | -$81.52M+12.2% | -$90.31M-16.9% | -$105.02M-65.0% | -$104.59M-114% | -$92.83M-115% | |
| Regional Operations | $1.14B-0.4% | $1.16B+1.7% | $1.16B+6.3% | $1.17B+7.4% | $1.15B+5.0% | |
| Other segment items by Business | ||||||
| Las Vegas Strip Resorts | $2.27B+1.9% | $2.21B-3.9% | $2.23B-2.3% | $2.21B-4.5% | $2.23B-3.6% | |
| MGM China | $568.59M+15.0% | $540.21M+9.2% | $521.7M+17.0% | $508.72M+21.7% | $494.28M+24.1% | |
| MGM Digital | $199.19M+18.0% | $190.44M+17.2% | $189.66M+22.1% | $176.83M+16.1% | $168.81M+15.5% | |
| Regional Operations | $771.63M+7.6% | $748.24M+2.6% | $733.28M-0.3% | $723.42M-2.9% | $716.85M-5.1% | |
| Cost of Sales by Business | ||||||
| Las Vegas Strip Resorts | $520.88M-1.6% | $516M-3.9% | $519.34M-3.7% | $525.15M-3.7% | $529.38M-3.6% | |
| MGM China | $119.88M+17.9% | $116.26M+20.5% | $111.95M+31.2% | $105.39M+36.5% | $101.67M+46.9% | |
| Regional Operations | $161.9M-1.7% | $162M-2.9% | $163.85M+1.1% | $164.88M+3.1% | $164.74M+3.5% | |
| Gaming taxes by Business | ||||||
| Las Vegas Strip Resorts | $226.12M-3.4% | $230.05M-1.2% | $229.07M-0.5% | $231.48M-1.6% | $234.11M-2.2% | |
| MGM China | $2.02B+15.8% | $1.97B+10.7% | $1.88B+11.9% | $1.8B+11.4% | $1.75B+15.5% | |
| MGM Digital | $172.73M+35.2% | $157.72M+25.2% | $145.73M+27.7% | $136.57M+34.4% | $127.75M+39.1% | |
| Regional Operations | $766.96M+1.4% | $763.17M+0.7% | $760.9M+1.0% | $762.91M+2.7% | $756.54M+2.6% | |
| Payroll related by Business | ||||||
| Las Vegas Strip Resorts | $2.63B-0.9% | $2.62B-0.5% | $2.63B+1.2% | $2.66B+3.9% | $2.65B+4.8% | |
| MGM China | $652.2M+12.9% | $633.05M+11.9% | $607.47M+13.6% | $591.93M+15.9% | $577.9M+18.3% | |
| MGM Digital | $129.41M+33.8% | $128.72M+47.0% | $119.89M+44.7% | $110.48M+46.4% | $96.75M+30.2% | |
| Regional Operations | $945.71M+2.3% | $935.7M+1.4% | $931.13M+2.3% | $928.75M+3.8% | $924.63M+4.3% | |
| CapEx by Business | ||||||
| Las Vegas Strip Resorts | $459.38M-23.4% | $513.61M-14.0% | $548.28M-0.5% | $579.74M+14.5% | $599.41M+20.3% | |
| MGM China | $177.62M-8.0% | $195.21M+31.2% | $208.85M+90.4% | $219.6M+248% | $193.17M+291% | |
| MGM Digital | $86.41M+19.2% | $82.82M+25.8% | $86.97M+84.3% | $80.95M+93.5% | $72.52M+93.9% | |
| Regional Operations | $151.33M-12.7% | $154.19M-9.6% | $170.32M+21.7% | $187.6M+63.6% | $173.28M+42.4% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Casino | $9.58B+8.9% | $9.45B+7.6% | $9.09B+3.5% | $8.91B+2.4% | $8.8B+4.1% | |
| Entertainment, retail and other | $1.68B+0.4% | $1.66B-1.8% | $1.68B-2.3% | $1.69B+0.5% | $1.67B-1.3% | |
| Food and beverage | $3.08B0.0% | $3.05B-1.1% | $3.05B-0.2% | $3.06B+1.9% | $3.08B+4.8% | |
| Rooms | $3.38B-5.8% | $3.38B-8.3% | $3.46B-7.7% | $3.55B-3.9% | $3.59B-0.6% | |
| Cost of Sales by Product | ||||||
| Casino | $5.45B+10.4% | $5.34B+7.7% | $5.16B+4.4% | $5.04B+5.2% | $4.93B+7.2% | |
| Entertainment, retail and other | $1.06B+2.1% | $1.04B-1.8% | $1.05B-3.6% | $1.05B-1.9% | $1.04B-3.4% | |
| Food and beverage | $2.28B+1.0% | $2.26B+0.4% | $2.25B-0.7% | $2.26B+1.2% | $2.26B+2.5% | |
| Rooms | $1.11B-1.8% | $1.1B-1.6% | $1.1B-0.5% | $1.12B+3.7% | $1.13B+7.0% | |
| Decrease by Product | ||||||
| Customer Advances and Other | $24.88M-31.1% | $34.89M-44.8% | -$5.96M+87.6% | -$31.04M-384% | $36.11M— | |
| Contract with Customer, Liability, Current by Product | ||||||
| Customer Advances and Other | $3.25B+0.6% | $3.23B+0.8% | $3.19B+1.6% | $3.2B+0.1% | $3.23B+1.0% | |
| Loyalty Program | $853.2M+2.0% | $853.16M+3.2% | $851.59M+4.7% | $847.11M+5.3% | $836.71M+5.1% | |
| Outstanding Chip Liability | $792.17M+1.8% | $790.36M-0.1% | $802.05M+1.9% | $786.49M-1.9% | $777.91M-0.8% |
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.
