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MGM Resorts (MGM) Revenue by Segment

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Revenue by Segment

Breaks down revenue from different business segments, highlighting which areas drive the most income and where there might be opportunities or challenges.

$0.00$1.00B$2.00B$3.00B$4.00BMar 21Jun 21Sep 21Dec 21Mar 22Jun 22Sep 22Dec 22Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Chart Insights

Casino has been the engine of the multi‑year recovery—sustained gains and new peaks into late‑2025 reflect both Strip rebound (MGM Grand) and record regional results—while Rooms revenue is more cyclical and softer, pressured by lower‑tier Strip performance and still‑subdued international travel. Food & Beverage and group/catering are rising, consistent with management’s 20% group mix target. The abrupt disappearance of reimbursed costs after 2024Q4 suggests a reporting/reclassification change that reduces headline volatility. Key risks remain casino hold variability and near‑term digital profitability headwinds despite strong top‑line momentum.

MGM Revenue by Segment

DateCasinoRoomsFood & BeverageEntertainment, Retail & OtherReimbursed Costs
Sep 30, 2026$2.30B$763.00M$741.48M$403.02M$0.00
Jun 30, 2026$2.38B$849.14M$802.33M$416.33M$0.00
Mar 31, 2026$2.38B$867.85M$804.84M$403.17M$0.00
Dec 31, 2025$2.57B$858.36M$749.02M$422.95M$0.00
Sep 30, 2025$2.29B$795.24M$748.60M$412.63M$0.00
Jun 30, 2025$2.33B$860.40M$778.18M$436.49M$0.00
Mar 31, 2025$2.25B$863.41M$770.17M$391.35M$0.00
Dec 31, 2024$2.21B$942.65M$751.87M$441.29M$0.00
Sep 30, 2024$2.12B$883.56M$755.32M$411.33M$11.88M
Jun 30, 2024$2.21B$899.00M$802.14M$401.61M$11.88M
Mar 31, 2024$2.24B$956.40M$769.40M$404.39M$12.18M
Dec 31, 2023$2.20B$1.01B$727.86M$422.20M$11.96M
Sep 30, 2023$2.05B$827.09M$698.26M$385.69M$11.56M
Jun 30, 2023$1.95B$815.32M$743.24M$420.71M$11.55M
Mar 31, 2023$1.88B$848.49M$722.13M$409.58M$10.67M
Dec 31, 2022$1.55B$897.94M$710.65M$421.69M$13.17M
Sep 30, 2022$1.41B$827.40M$722.98M$447.64M$10.69M
Jun 30, 2022$1.36B$774.73M$677.76M$445.34M$9.92M
Mar 31, 2022$1.42B$557.07M$492.85M$371.57M$11.91M
Dec 31, 2021$1.53B$636.13M$515.05M$369.58M$8.32M
Sep 30, 2021$1.40B$490.46M$416.48M$315.69M$84.57M
Jun 30, 2021$1.34B$365.03M$302.67M$189.01M$75.13M
Mar 31, 2021$1.10B$198.42M$157.41M$135.22M$58.06M