MGM Resorts International — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 28/100
What the filing says
MGM Resorts reported Q3 2026 consolidated revenue of $4.2B (down 1% YoY) and Consolidated Adjusted EBITDA of $403M (down 20% from $506M). Las Vegas Strip revenue fell 2% to $2.0B; Regional Operations declined 8% to $883M; MGM China grew 5% to $1.1B with record 17.1% market share. BetMGM North America contributed $35M in distributions/fees. An amended voting agreement was announced to enable share repurchases; the company has repurchased nearly half its share count over five years. Diluted EPS was $(0.07) vs. $(1.05) prior year.
Why this rating
Q3 results disappointing: Adjusted EBITDA 20% below prior year, Las Vegas and Regional Operations weaker, offset by MGM China strength. Relative to $5.8B market cap, $100M EBITDA miss is material but not transformational. Voting agreement is governance housekeeping, not operationally significant. No major strategic announcement.
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