AI Earnings Predictions for MGM Resorts International (MGM)

EX-99.1

2 mgmex991q32026earningrelea.htm

EX-99.1

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Exhibit 99.1

MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2026 FINANCIAL AND OPERATING RESULTS

•Regional Operations increased revenue 1% on a same-store basis

•MGM China achieved record quarterly revenue as well as record quarterly market share of 17.1%

•BetMGM North America Venture distributions and branding license fees to MGM Resorts totaled $34 million in 3Q2026

Las Vegas, Nevada, October 28, 2026 – MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) today reported financial results for the quarter ended September 30, 2026.

“MGM Resorts remains highly focused on the successful operations of our businesses. Our trailing twelve months Las Vegas Strip Resorts Segment Adjusted EBITDAR has grown by nearly 70% since calendar year 2019 and, while lower room rates during the third quarter impacted our results, October has rebounded favorably. Our diverse portfolio remains an advantage, with MGM China achieving 5% revenue growth and strong market share performance, while our digital businesses - including our BetMGM North America Venture and MGM Digital - reported strong topline growth during the third quarter,” said Bill Hornbuckle, President & CEO of MGM Resorts International. “MGM Resorts remains dedicated to our mission to be the world’s largest gaming and entertainment company with global integrated resorts, a leading digital presence, and, notably, an enviable growth pipeline with MGM Osaka to drive future value.”

“The amended voting agreement announced earlier today establishes a highly supportive framework that enables MGM Resorts to confidently pursue value-creating share repurchases as part of our ongoing commitment to enhancing shareholder value and driving longer-term growth,” said Jonathan Halkyard, Chief Financial Officer of MGM Resorts International. “The combination of our attractive stock valuation, the repurchase of nearly half of our outstanding share count over the past five years, and pivotal growth drivers - including our digital portfolio and MGM Osaka - positions the company as a premier long-term opportunity.”

Third Quarter 2026 Financial Highlights:

Consolidated Results

•Consolidated revenue of $4.2 billion, a decrease of 1% compared to the prior year quarter

•Net loss attributable to MGM Resorts was $17 million in the current quarter compared to net loss attributable to MGM Resorts of $285 million in the prior year quarter

•Consolidated Adjusted EBITDA of $403 million in the current quarter compared to $506 million in the prior year quarter

•Diluted loss per share of $0.07 in the current quarter compared to a loss per share of $1.05 in the prior year quarter

•Adjusted diluted earnings (loss) per share (“Adjusted EPS”) of $(0.11) in the current quarter compared to $0.24 in the prior year quarter

Las Vegas Strip Resorts

•Revenue of $2.0 billion in the current quarter, a decrease of 2% compared to the prior year quarter

•Segment Adjusted EBITDAR of $531 million in the current quarter compared to $601 million in the prior year quarter, a decrease of 12%

Regional Operations

•Revenue of $883 million in the current quarter compared to $957 million in the prior year quarter, a decrease of 8%

•Same-store revenue (adjusted for dispositions) of $883 million in the current quarter compared to $873 million in the prior year quarter, an increase of 1%

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•Segment Adjusted EBITDAR of $243 million in the current quarter compared to $296 million in the prior year quarter, a decrease of 18%

•Same-Store Segment Adjusted EBITDAR of $243 million in the current quarter compared to $260 million in the prior year quarter, a decrease of 7%

MGM China

•Revenue of $1.1 billion in the current quarter, an increase of 5% compared to the prior year quarter

•Segment Adjusted EBITDAR of $264 million in the current quarter compared to $284 million in the prior year quarter, a decrease of 7%

•Intercompany branding license fee expense increased by $22 million over the prior year quarter

MGM Digital (1)

•Revenue of $184 million in the current quarter compared to $174 million in the prior year quarter, an increase of 6%

•Segment Adjusted EBITDAR loss of $4 million in the current quarter compared to a loss of $23 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 loss per share (“EPS”) to Adjusted EPS (approximate EPS impact shown, per share; positive adjustments represent charges to income):

Three Months Ended September 30,20262025

Diluted loss per share$(0.07)$(1.05)

Property transactions, net(0.06)0.37

Goodwill impairment— 0.94

Non-operating items:

Loss related to debt and equity investments0.18 0.01

Foreign currency transaction gain(0.06)(0.06)

Change in the fair value of foreign currency contract

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

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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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