- MGM Resorts reported Q3 2026 consolidated revenue of $4.2 billion, down 1% year over year, and a net loss attributable to MGM Resorts of $17 million versus $285 million a year earlier.
- Las Vegas Strip Resorts revenue was $2.0 billion, down 2%, and Segment Adjusted EBITDAR was $531 million, down 12% from $601 million.
- MGM China revenue rose 5% to $1.1 billion, a record quarterly revenue, while Segment Adjusted EBITDAR fell 7% to $264 million.
- MGM China reported revenue of approximately HK$8.9 billion, up 5%, with market share at a record 17.1%.
- Regional Operations revenue fell 8% to $883 million, while same-store revenue rose 1%.
- Adjusted EPS was $(0.11) in Q3 2026 versus $0.24 in the prior-year quarter.
- Management said October rebounded favorably, and MGM China reported property visitation up 10% during the October Golden Week holiday.
Quotes
“while lower room rates during the third quarter impacted our results, October has rebounded favorably.”
“The amended voting agreement announced earlier today establishes a highly supportive framework that enables MGM Resorts to confidently pursue value-creating share repurchases”
“The higher-end market segment continues to drive growth.”