MGM Resorts International — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
MGM Resorts reported Q2 2026 consolidated revenue of $4.5B (up 1% YoY) with net income of $292M vs. $49M prior year, but Consolidated Adjusted EBITDA fell to $610M from $648M. Las Vegas Strip Resorts grew 3% in both revenue ($2.2B) and Segment Adjusted EBITDAR ($735M), while Regional Operations same-store revenue rose 3% to $904M but EBITDAR was flat. MGM China revenue was flat but EBITDAR fell 15% to $257M. MGM Digital revenue grew 20% to $196M but losses widened to $31M. The company repurchased 4M shares for $164M with $1.4B remaining authorization.
Why this rating
Mixed quarterly results: record revenue but declining core profitability. Regional and China weakness offset by Vegas Strip gains. Financially immaterial share buyback relative to $5.8B market cap. No transformational events.
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