MGM

EX-99.1

2 mgmex991q22026earningrelea.htm

EX-99.1

Document

Exhibit 99.1

MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2026 FINANCIAL AND OPERATING RESULTS

•Record 2Q consolidated revenue

•Second consecutive quarter of Las Vegas Strip Resorts year-over-year revenue growth

•All-time best Regional Operations same-store quarterly revenue

Las Vegas, Nevada, July 29, 2026 – MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) today reported financial results for the quarter ended June 30, 2026.

“MGM Resorts once again demonstrated the strength of our diversified portfolio with record second quarter consolidated revenue driven by a second consecutive quarter of year-over-year revenue growth for Las Vegas Strip Resorts, all-time best Regional Operations same-store quarterly revenue, and 20% year-over-year revenue growth at MGM Digital,” said Bill Hornbuckle, President and CEO of MGM Resorts International. “Alongside this momentum in our existing operations, we continue to build for the future with investment in the largest integrated resort in the world, MGM Osaka, on track for 2030 opening, as well as returns on our digital businesses.”

“Our disciplined and targeted capital allocation strategy fueled Segment Adjusted EBITDAR growth across our Las Vegas Strip Resorts, record setting results at several of our Regional Operations, and market share gains at MGM China,” said Jonathan Halkyard, CFO of MGM Resorts International. “We will continue to allocate growth capital to drive significant returns on investment with meaningful opportunities at our Las Vegas luxury offerings.”

Second Quarter 2026 Financial Highlights:

Consolidated Results

•Consolidated revenue of $4.5 billion, an increase of 1% compared to the prior year quarter

•Net income attributable to MGM Resorts was $292 million in the current quarter compared to $49 million in the prior year quarter

•Consolidated Adjusted EBITDA of $610 million in the current quarter compared to $648 million in the prior year quarter

•Diluted earnings per share of $1.11 in the current quarter compared to $0.18 in the prior year quarter

•Adjusted diluted earnings per share (“Adjusted EPS”) of $0.59 in the current quarter compared to $0.79 in the prior year quarter

Las Vegas Strip Resorts

•Revenue of $2.2 billion in the current quarter compared to $2.1 billion in the prior year quarter, an increase of 3%

•Segment Adjusted EBITDAR of $735 million in the current quarter compared to $710 million in the prior year quarter, an increase of 3%

Regional Operations

•Revenue of $924 million in the current quarter compared to $965 million in the prior year quarter, a decrease of 4%

•Same-store revenue (adjusted for dispositions) of $904 million in the current quarter compared to $879 million in the prior year quarter, an increase of 3%

•Segment Adjusted EBITDAR of $280 million in the current quarter compared to $309 million in the prior year quarter, a decrease of 9%

•Same-Store Segment Adjusted EBITDAR of $271 million in the current quarter, which was flat compared to the prior year quarter

Page 1 of 11

MGM China

•Revenue of $1.1 billion in the current quarter, which was relatively flat compared to the prior year quarter

•Segment Adjusted EBITDAR of $257 million in the current quarter compared to $301 million in the prior year quarter, a decrease of 15%

•Intercompany branding license fee expense increased by $21 million over the prior year quarter

MGM Digital (1)

•Revenue of $196 million in the current quarter compared to $164 million in the prior year quarter, an increase of 20%

•Segment Adjusted EBITDAR loss of $31 million in the current quarter compared to a loss of $26 million in the prior year quarter

(1)     MGM Digital consists of LeoVegas and other consolidated subsidiaries that offer interactive gaming; it does not include the BetMGM North America Venture.

Adjusted EPS

The following table reconciles diluted earnings per share (“EPS”) to Adjusted EPS (approximate EPS impact shown, per share; positive adjustments represent charges to income):

Three Months Ended June 30,20262025

Diluted earnings per share$1.11 $0.18

Property transactions, net(1.13)(0.01)

Goodwill impairment0.37 —

Non-operating items:

Loss (gain) related to debt and equity investments0.03 (0.01)

Foreign currency transaction (gain) loss(0.12)0.72

Change in the fair value of foreign currency contracts0.10 (0.12)

Income tax impact on net income adjustments(1) 0.23 0.03

Adjusted EPS $0.59 $0.79

(1)The income tax impact includes current and deferred income tax expense based upon the nature of the adjustment and the jurisdiction in which it occurs.

The current year quarter includes an income tax expense of $14 million resulting from an increase in the valuation allowance on foreign tax credits.

Las Vegas Strip Resorts

The following table shows key gaming statistics for Las Vegas Strip Resorts:

Three Months Ended June 30,20262025% Change

(Dollars in milli

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mgm-202602050000789570FALSE00007895702026-02-052026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 5, 2026 MGM Resorts International (Exact name of Registrant as Specified in Its Charter)

Delaware001-1036288-0215232 (State or Other Jurisdiction of Incorporation) (Commission File Number)(IRS Employer Identification No.)

3600 Las Vegas Boulevard South, Las Vegas, Nevada  89109 (Address of principal executive offices – Zip Code)

Registrant’s Telephone Number, Including Area Code: (702) 693-7120 Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock (Par Value $0.01) MGM New York Stock ExchangeNYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CRF § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CRF § 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

This current report on Form 8-K is being furnished to disclose the press release issued by the Registrant on February 5, 2026. The purpose of the press release, furnished as Exhibit 99.1, was to announce the Registrant’s results of operations for the quarter and year ended December 31, 2025. The information in this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(a)Not applicable. (b)Not applicable. (c)Not applicable. (d)Exhibits:

Exhibit Number Description

99.1 Press release of the Registrant dated February 5, 2026, announcing financial results for the quarter and year ended December 31, 2025

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

MGM Resorts International

Date: February 5, 2026By:/s/ Todd Meinert Todd Meinert Title: Senior Vice President and Chief Accounting Officer