MGM Resorts posts Q3 2026 loss of $17 million, revenue flat and digital growth
+2 new sources since this summary was written
MGM Resorts International reported a net loss of $17 million for the third quarter of 2026, a sharp improvement from a $285 million loss a year earlier. Consolidated revenue was $4.2 billion, down 1% year‑over‑year, with Las Vegas Strip revenue falling 2% while regional same‑store revenue grew 1%. Digital operations, led by BetMGM, generated $710 million in net revenue, up 7% YoY, and distributed $34 million to MGM Resorts. MGM China posted record quarterly revenue and a 17.1% market‑share, but its revenue declined 5% YoY.
Why it matters
The adjusted EPS of –$0.11 missed the consensus estimate of $0.11, prompting analysts to cut price targets and the stock to fall 2.6% to $27.27. The earnings miss and flat property revenue signal margin pressure on core assets despite digital growth, affecting near‑term investor sentiment.
Key facts
- 1Net loss attributable to MGM Resorts was $17 million in Q3 2026, compared with a $285 million loss in the prior year quarter. stocktitan.net
- 2Consolidated revenue was $4.2 billion, a decrease of 1% year‑over‑year. stocktitan.net
- 3Adjusted EPS was –$0.11, missing the $0.11 consensus estimate by $0.22. investing.com
- 4Las Vegas Strip segment revenue declined 2% year‑over‑year to $1,985 million. investing.com
- 5Regional Operations same‑store revenue grew 1% to $873 million. investing.com
- 6MGM China revenue was $1,088 million, down 5% YoY, with market share of 17.1%. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.