MGM Resorts International (NYSE:MGM) Announces Quarterly Earnings Results

MGM Resorts International (NYSE:MGM) issued its quarterly earnings data on Thursday. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.96, FiscalAI reports. MGM Resorts International had a net margin of 1.17% and a return on equity of 25.46%. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the company posted $0.45 EPS.

Here are the key takeaways from MGM Resorts International’s conference call:

• MGM China delivered record quarterly and full‑year segment adjusted EBITDA with >16% market share, and a branding fee increase to 3.5% should add roughly $50M+ of incremental annual cash flow to MGM Resorts.
• BetMGM executed a nearly $470M annual EBITDA turnaround, paid a $135M Q4 distribution to MGM, is guiding $300–350M Adj. EBITDA for 2026 and targeting $500M in 2027, while MGM Digital scales in key international markets (notably Brazil and Sweden).
• Las Vegas is showing signs of stabilization but Las Vegas segment EBITDA was down ~4% in Q4; the return of MGM Grand room inventory and mid‑single‑digit convention pacing should aid recovery in 2026, though leisure/value demand remains a headwind.
• Management resumed meaningful share repurchases and highlighted diversified, recurring cash sources (Las Vegas/regional ops, MGM China fees/distributions, BetMGM distributions) plus financing for Japan, enabling funding for MGM Osaka, maintenance CapEx, and continued buybacks.

MGM Resorts International Stock Up 3.3%

Shares of MGM opened at $37.49 on Friday. The firm has a market capitalization of $10.25 billion, a P/E ratio of 49.99 and a beta of 1.44. MGM Resorts International has a 12-month low of $25.30 and a 12-month high of $41.32. The firm has a fifty day moving average price of $35.62 and a 200-day moving average price of $35.03. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 1.80.

Insider Transactions at MGM Resorts International

In related news, major shareholder Iac Inc. acquired 1,098,748 shares of the stock in a transaction on Friday, December 5th. The stock was bought at an average cost of $36.30 per share, with a total value of $39,884,552.40. Following the transaction, the insider directly owned 65,822,350 shares in the company, valued at approximately $2,389,351,305. This represents a 1.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.06% of the stock is currently owned by company insiders.

Institutional Trading of MGM Resorts International

Several institutional investors and hedge funds have recently modified their holdings of MGM. Global Retirement Partners LLC increased its holdings in MGM Resorts International by 55.9% during the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 281 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of MGM Resorts International by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,006 shares of the company’s stock worth $2,218,000 after buying an additional 397 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of MGM Resorts International by 12.1% during the first quarter. NewEdge Advisors LLC now owns 3,893 shares of the company’s stock valued at $115,000 after buying an additional 421 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of MGM Resorts International in the second quarter valued at about $25,000. Finally, MML Investors Services LLC raised its holdings in shares of MGM Resorts International by 1.7% in the second quarter. MML Investors Services LLC now owns 44,801 shares of the company’s stock valued at $1,541,000 after acquiring an additional 760 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

Key MGM Resorts International News

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Q4 earnings and revenue topped estimates, driven by strong Macau performance, digital growth and regional casinos; EPS $1.60 vs. consensus ~ $0.63, and consolidated revenue/EBITDA gains. MGM Resorts Q4 Earnings & Revenues Top Estimates, Rise Y/Y
• Positive Sentiment: MGM highlighted full-year and Q4 cash returns from BetMGM (distributed $135M in 4Q25) and sizable share repurchases (15M in 4Q, 37.5M in 2025), which support future EPS and free cash flow per share. MGM Resorts International Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: MGM China reported record 4Q adjusted EBITDA and all-time highs in revenue/market share for 2025, reinforcing Macau as a growth engine for the group. MGM China Reports 2025 Annual Results
• Positive Sentiment: Company reported $17.5B revenue for 2025, signaling underlying scale and recovery outside Las Vegas. MGM Resorts revenue hits $17.5 billion in 2025
• Positive Sentiment: Truist raised its price target from $38 to $39 (hold), reflecting modest analyst support after the quarter. MGM Resorts International Upgraded at Truist Financial
• Neutral Sentiment: Detailed investor materials (earnings presentation and full call transcript) are available for parsing guidance and segment-level metrics. MGM Resorts International Q4 2025 Earnings Call Transcript
• Neutral Sentiment: MGM moved its earnings release earlier (timing change only). MGM Resorts International Updates Earnings Release Date
• Negative Sentiment: Las Vegas/Strip results were weaker in 2025 and the Strip was down in Q4, creating near-term headwinds for MGM’s largest market. MGM Resorts down in Las Vegas in Q4, though CEO remains optimistic
• Negative Sentiment: Analysts flagged questions about costs in Macau despite record EBITDA at MGM China, which could pressure margins if costs persist. MGM China had ‘record’ 4Q EBITDA but ‘questions’ regarding costs: analysts
• Negative Sentiment: Management acknowledged weaker Strip demand in 2025 even as early indicators show improvement — a mixed recovery that could keep investors cautious on near-term Vegas cash flow. MGM sees improving demand indicators following weaker 2025 performance on the Strip

Wall Street Analysts Forecast Growth

MGM has been the topic of several analyst reports. Mizuho set a $62.00 price objective on MGM Resorts International in a research report on Thursday, October 30th. The Goldman Sachs Group restated a “sell” rating and set a $33.00 price target on shares of MGM Resorts International in a report on Monday, December 15th. Wells Fargo & Company raised their price target on MGM Resorts International from $29.00 to $31.00 and gave the stock an “underweight” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of MGM Resorts International in a research report on Monday, December 29th. Finally, Stifel Nicolaus increased their target price on shares of MGM Resorts International from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, MGM Resorts International has an average rating of “Hold” and a consensus target price of $44.26.

About MGM Resorts International

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.