MGM Resorts International revenue reaches $4.5 billion in the first quarter, up 4% – CDC Gaming

MGM Resorts International reported first-quarter 2026 revenue of $4.5 billion, up 4% year-over-year.

Net income attributable to MGM Resorts was $125 million, compared to $149 million in the first quarter of 2025. Adjusted EBITDA reached $580 million compared to $637 million a year ago.

“We are pleased to report record 1Q consolidated net revenues driven primarily by MGM China and MGM Digital, as well as growth at our BetMGM North America Venture,” MGM Resorts International President and CEO Bill Hornbuckle said in a statement. “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. Looking into the second quarter and beyond, we are seeing signs of strength driven by solid convention bookings, our newly launched all-inclusive promotion, and our recently refreshed rooms at the MGM Grand Las Vegas.”

Las Vegas Strip properties yielded revenue of $2.2 billion, which increased slightly compared to the prior year’s quarter. Segment Adjusted EBITDAR was $749 million, down 8% compared to $811 million a year ago.

At regional operations, revenue reached $918 million, up 2% compared to $900 million a year ago. Segment Adjusted EBITDAR was $259 million, down 7% compared to $279 million last year.

“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,” said MGM Resorts Chief Financial Officer Jonathan Halkyard. “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.”

For MGM China, net revenue was $1.1 billion, up 9% compared to $1 billion last year. Segment Adjusted EBITDAR was $273 million, down 4% compared to $286 million a year ago.

An intercompany branding license fee expense at MGM China increased by $23 million over the prior year quarter; this was the first quarter reflecting the new long-term branding agreement between MGM and MGM China.

Net revenues were $183 million for MGM Digital, up 43% compared to $128 million last year. Segment Adjusted EBITDAR lost $26 million compared to a loss of $34 million in the prior year quarter.

MGM Resorts closed at $39.46 on the Nasdaq, down $0.28, or 0.7%.