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MGM Resorts (MGM)
NYSE:MGM
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MGM Resorts (MGM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 18, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.66
Last Year’s EPS
0.45
Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for MGM Resorts. While there were strong performances in Macau and digital operations, alongside strategic asset sales, challenges in Las Vegas and regional properties offset these gains. The withdrawal from the New York market further highlighted some strategic setbacks.
Company Guidance
During the MGM Resorts International Third Quarter 2025 Earnings Call, the company provided several key metrics and updates. MGM reported a sale of Northfield Park for $546 million, a significant premium over its acquisition price of $275 million, reflecting a sale multiple of 6.6x compared to MGM's current share price valuation of less than 3x. The company's Las Vegas segment faced a $130 million year-over-year EBITDAR decline, attributed to decreased business interruption proceeds, increased insurance expenses, and impacts from room renovations. Despite these challenges, MGM anticipated over 40 million visitors to Las Vegas in 2025, with a strong group demand in the fourth quarter. MGM China achieved record third quarter EBITDAR, despite a $12 million typhoon impact, and paid an $85 million dividend to MGM Resorts. The digital segment, BetMGM, reached a new all-time revenue high in Q3, with improved profitability and an expected initial cash distribution of at least $100 million in Q4. Progress in Japan continues, with a construction project underway and a USD 300 million equivalent yen-denominated credit facility secured. MGM remains focused on diversification and disciplined capital allocation, with a high return threshold for investments.
Record Performance in Macau
MGM China achieved record third-quarter EBITDAR despite a typhoon impact. Market share reached a record 15.5%, and October pacing shows a 16.5% market share with over $100 million in EBITDA.
Strong Digital and BetMGM Performance
BetMGM reached an all-time revenue high in 3Q, with improved profitability. It plans to start distributing cash back to MGM Resorts, expecting at least $100 million in the fourth quarter.
Strategic Sale of Northfield Park
MGM sold Northfield Park for $546 million in cash, achieving a sale multiple of 6.6x, significantly higher than MGM’s current share price valuation.
Positive Signs in Las Vegas
Despite a challenging summer, MGM sees signs of stabilization with strong group demand in November and December, driving stabilization in the business.

MGM Resorts (MGM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

MGM Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 18, 2026
2025 (Q4)
0.66 / -
0.45
Oct 29, 2025
2025 (Q3)
0.38 / 0.24
0.54-55.56% (-0.30)
Jul 30, 2025
2025 (Q2)
0.58 / 0.79
0.86-8.14% (-0.07)
Apr 30, 2025
2025 (Q1)
0.47 / 0.69
0.74-6.76% (-0.05)
Feb 12, 2025
2024 (Q4)
0.32 / 0.45
1.06-57.55% (-0.61)
Oct 30, 2024
2024 (Q3)
0.55 / 0.54
0.64-15.62% (-0.10)
Jul 31, 2024
2024 (Q2)
0.60 / 0.86
0.5945.76% (+0.27)
May 01, 2024
2024 (Q1)
0.56 / 0.74
0.4468.18% (+0.30)
Feb 13, 2024
2023 (Q4)
0.71 / 1.06
-1.53169.28% (+2.59)
Nov 08, 2023
2023 (Q3)
0.52 / 0.64
-1.39146.04% (+2.03)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

MGM Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
$31.21$30.72-1.57%
Jul 30, 2025
$37.88$36.45-3.78%
Apr 30, 2025
$31.46$30.86-1.91%
Feb 12, 2025
$34.37$40.37+17.46%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does MGM Resorts (MGM) report earnings?
MGM Resorts (MGM) is schdueled to report earning on Feb 18, 2026, Before Open (Confirmed).
    What is MGM Resorts (MGM) earnings time?
    MGM Resorts (MGM) earnings time is at Feb 18, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is MGM EPS forecast?
          MGM EPS forecast for the fiscal quarter 2025 (Q4) is 0.66.

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