Adjusted EBITDA dropped to $403 million from $506 million, and adjusted EPS came in at a loss of $0.11, against $0.24 in 2025. The net loss attributable to MGM narrowed to $17 million from $285 million.
Las Vegas Strip revenue declined by 2% to $2.0 billion, with segment adjusted EBITDAR down by 12% to $531 million. Regional revenue fell by 8% to $883 million after property sales, though same-store revenue rose 1%. MGM China grew revenue 5% to $1.1 billion, while MGM Digital, which includes LeoVegas but not BetMGM, increased revenue by 6% to $184 million and cut its EBITDAR loss to $4 million from $23 million.
Bill Hornbuckle, President & CEO of MGM Resorts International, said:
“Our trailing twelve months Las Vegas Strip Resorts Segment Adjusted EBITDAR has grown by nearly 70% since calendar year 2019 and, while lower room rates during the third quarter impacted our results, October has rebounded favorably.”
Jonathan Halkyard, Chief Financial Officer of MGM Resorts International, added:
“The amended voting agreement announced earlier today establishes a highly supportive framework that enables MGM Resorts to confidently pursue value-creating share repurchases as part of our ongoing commitment to enhancing shareholder value and driving longer-term growth.”
MGM also announced an amended voting agreement alongside the results.
