MGM Resorts International (NYSE:MGM) Announces Earnings Results

MGM Resorts International (NYSE:MGM) released its earnings results on Wednesday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15), FiscalAI reports. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.21 billion. MGM Resorts International had a return on equity of 20.67% and a net margin of 3.92%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share.

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

• Negative Sentiment: Las Vegas faced pressure from leisure demand and elevated travel costs: third-quarter occupancy was flat, but room rates declined as airline fares, fuel and gas prices rose; Las Vegas segment EBITDA fell despite an 8% increase in casino revenue. Management said October improved, though shorter booking windows and December convention rotation remain risks.
• Positive Sentiment: BetMGM and MGM Digital continued to improve profitability. BetMGM North America revenue rose 7% and adjusted EBITDA increased 112%, while MGM Digital revenue grew 6% and its EBITDA loss narrowed to $4 million; iGaming remains the primary growth engine.
• Positive Sentiment: MGM China delivered record quarterly revenue and market share. Revenue increased 5% year over year, third-quarter market share reached a record 17.1%, and premium-mass demand and renovated offerings continued to support performance, although reported EBITDA declined due partly to a higher brand fee paid to MGM Resorts.
• Positive Sentiment: MGM Osaka remains on schedule and on budget for a 2030 opening. The project is approximately 11% complete, with roughly 70% of foundation piles finished, and MGM expects to fund about $1 billion annually in 2027 and 2028 to complete its commitments.
• Positive Sentiment: Management emphasized its balance-sheet flexibility and significant perceived undervaluation, noting only $675 million of domestic debt matures within 12 months, an undrawn revolver and approximately $1.4 billion of remaining share-repurchase authorization. The company said it may resume buybacks after not repurchasing shares in the third quarter amid discussions with major shareholder People Inc.

MGM Resorts International Stock Up 2.4%

Shares of MGM Resorts International stock traded up $0.70 on Friday, reaching $29.53. The stock had a trading volume of 1,761,453 shares, compared to its average volume of 4,389,289. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $7.43 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.52 and a beta of 1.35. The company has a 50 day moving average price of $35.06 and a 200 day moving average price of $39.03. MGM Resorts International has a 1 year low of $26.71 and a 1 year high of $51.59.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MGM shares. Mizuho set a $50.00 price target on shares of MGM Resorts International in a research note on Thursday. Bank of America started coverage on shares of MGM Resorts International in a research report on Thursday, September 24th. They set a “neutral” rating and a $40.00 target price on the stock. Argus lifted their price target on shares of MGM Resorts International from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 17th. HSBC raised shares of MGM Resorts International to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus dropped their price objective on MGM Resorts International from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.59.

Key MGM Resorts International News

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

• Positive Sentiment: Macau and digital businesses provided important offsets. MGM China posted record third-quarter revenue and a record 17.1% market share, while revenue increased 5% to approximately $1.1 billion. BetMGM’s third-quarter net revenue rose 7%, and MGM Resorts received $34 million in BetMGM distributions and branding-license fees. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Analysts still see substantial upside. JPMorgan maintained an “overweight” rating with a $39 target, while Truist kept a “buy” rating with a $40 target. Those targets suggest analysts believe the Las Vegas weakness may be temporary and that MGM’s valuation is attractive after the selloff. JPMorgan MGM Recommendation
• Neutral Sentiment: Regional operations remained relatively stable. Same-store revenue from MGM’s regional operations increased 1%, helping limit the impact of weaker results in Las Vegas. MGM Resorts Third-Quarter Results
• Negative Sentiment: Third-quarter earnings missed expectations. MGM reported a loss of $0.11 per share versus the $0.04 consensus estimate, while revenue of $4.21 billion was roughly flat year over year and below the prior-year profit of $0.24 per share. MGM Resorts Q3 Earnings Miss Estimates
• Negative Sentiment: Las Vegas trends were the main concern. Lower room rates and weaker profitability pressured earnings, sending the stock to a new 52-week low and raising questions about near-term domestic demand. Stifel, Truist and JPMorgan all reduced their price targets, although their ratings remain hold, buy and overweight, respectively. MGM Hits New 52-Week Low Following Weak Earnings
• Negative Sentiment: Takeover speculation has faded. MGM’s CEO said discussions with People Inc. are over, removing a potential near-term acquisition catalyst; related voting-agreement changes appear to preserve flexibility for future change-of-control proposals. MGM Ends Deal Talks With People Inc.

MGM Resorts International Company Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.