MGM Resorts International Announces Revenue Growth in Q1

(AsiaGameHub) –   Net revenue reached $4.5 billion, marking a 4 percent rise compared to the same period last year.

US.- MGM Resorts International has announced its financial outcomes for the first quarter, concluding on March 31, 2026. The company posted record consolidated net revenue of $4.5bn, a 4 percent increase year-over-year.

The report indicates net income amounted to $125 million, versus $149 million in the prior-year quarter. Consolidated adjusted EBITDA came in at $580 million, a decline from $637 million.

The Las Vegas Strip Resorts segment saw net revenue of $2.2 billion, a marginal increase from the first quarter of 2025. The segment’s adjusted EBITDAR was $749 million, an 8 percent decrease.

Regional operations produced revenue of $918 million, up 2 percent, with adjusted EBITDAR of $259 million, down 7 percent. MGM China’s revenue grew 9 percent to $1.1 billion, while its adjusted EBITDAR was $273 million, a 4 percent decline.

MGM Digital‘s revenue surged 43 percent to $183 million. It recorded an adjusted EBITDAR loss of $26 million, an improvement from a loss of $34 million in the same quarter last year.

Bill Hornbuckle, president and CEO of MGM Resorts International, stated: “We are pleased to report record first-quarter consolidated net revenues, primarily fueled by MGM China and MGM Digital, alongside growth at our BetMGM North America Venture. MGM Resorts’ Las Vegas Strip Resorts achieved comparable quarterly top-line growth for the first time in over a year, with monthly net revenues gaining momentum through March. Looking ahead to the second quarter and beyond, we observe positive indicators driven by robust convention bookings, our newly launched all-inclusive promotion, and our recently renovated rooms at the MGM Grand Las Vegas.”

Jonathan Halkyard, CFO of MGM Resorts International, commented: “This month, we finalized the sale of the operations of MGM Northfield Park for $546 million, which reflects a valuation multiple significantly higher than those currently assigned to our premium and diverse portfolio. The proceeds grant MGM Resorts additional liquidity to be utilized in alignment with our strategic priorities, which include upholding a strong balance sheet and returning capital to shareholders via share repurchases.”

For the full year 2025, the company posted consolidated net revenue of $17.5 billion, a 2 percent year-on-year increase. Net income was $206 million, down from $747 million in 2024. Consolidated adjusted EBITDA was $2.4 billion, rising 1 percent year-on-year.