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MGM Resorts International sees 4% YoY rise in Q1 revenue
MGM Resorts International has released its Q1 2026 results, revealing that the company generated $4.5 billion during the quarter, representing a 4% year-on-year rise.
In Q1, consolidated adjusted EBITDA stood at $580 million, which was an 8.9% drop compared to 2025’s $637 million, while net income decreased from $149 million to $125 million.
Regional operations recorded a 2% rise in net revenue of $918 million, with segment-adjusted EBITDAR of $259 million. For MGM China, net revenues jumped by 9% to $1.1 billion, but segment-adjusted EBITDAR declined by 4% to $273 million. Lastly, MGM Digital saw a 43% rise in net revenue, generating $183 million, with a segment-adjusted EBITDAR loss of $26 million.
Bill Hornbuckle, president and CEO of MGM Resorts International, commented:
“We are pleased to report record Q1 consolidated net revenues driven primarily by MGM China and MGM Digital, as well as growth at our BetMGM North America Venture. MGM Resorts’ Las Vegas Strip Resorts delivered comparable-period quarterly top-line growth for the first time in over a year and monthly net revenues that strengthened into March.”
Jonathan Halkyard, CFO of MGM Resorts International, added:
“This month, we closed on the sale of the operations of MGM Northfield Park for $546 million, reflecting a significantly higher multiple than currently ascribed to our premium and diverse operations. The proceeds provide MGM Resorts with incremental liquidity to be deployed in line with our priorities of maintaining a strong balance sheet, including the return of capital to shareholders through share repurchases.”
The company concluded Q1 with cash and cash equivalents of $2.29 billion, while long-term debt was at $6.4 billion.
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