MGM Resorts International reports revenue increase in Q1
Net revenue totalled $4.5bn, up 4 per cent year-over-year.
US.- MGM Resorts International has released financial results for the quarter ended March 31, 2026. The company reported record consolidated net revenue of $4.5bn, an increase of 4 per cent year-over-year.
According to the report, net income totalled $125m compared with $149m in the prior year quarter. Consolidated adjusted EBITDA was $580m, down from $637m.
The Las Vegas Strip Resorts segment generated net revenue of $2.2bn, up slightly from the same period in 2025. Segment adjusted EBITDAR was $749m, down 8 per cent.
Regional operations generated revenue of $918m, up 2 per cent, and adjusted EBITDAR of $259m, a decrease of 7 per cent. MGM China’s revenue increased 9 per cent to $1.1bn, while adjusted EBITDAR was $273m, down 4 per cent.
MGM Digital‘s revenue was $183m, up 43 per cent. It reported an adjusted EBITDAR loss of $26m compared to a loss of $34m in the prior year quarter.
Bill Hornbuckle, president and CEO of MGM Resorts International, said: “We are pleased to report record 1Q consolidated net revenues driven primarily by MGM China and MGM Digital, as well as growth at our BetMGM North America Venture. MGM Resorts’ Las Vegas Strip Resorts delivered comparable period quarterly top line growth for the first time in over a year and monthly net revenues that strengthened into March. Looking into the second quarter and beyond, we are seeing signs of strength driven by solid convention bookings, our newly launched all-inclusive promotion, and our recently refreshed rooms at the MGM Grand Las Vegas.”
Jonathan Halkyard, CFO of MGM Resorts International, added: “This month, we closed on the sale of the operations of MGM Northfield Park for $546m, reflecting a significantly higher multiple than currently ascribed to our premium and diverse operations. The proceeds provide MGM Resorts with incremental liquidity to be deployed in line with our priorities of maintaining a strong balance sheet including the return of capital to shareholders through share repurchases.”
In 2025, the company reported consolidated net revenue of $17.5bn, up 2 per cent year-on-year. Net income stood at $206m, down from $747m in 2024. Consolidated adjusted EBITDA was $2.4bn, an increase of 1 per cent in year-on-year terms.
