Quarterly ResultApr 29, 2026, 04:40 PM
MGM Q1 Revenue +4% to $4.5B; Divests Northfield Park for $546M
AI Summary
MGM Resorts International reported record Q1 2026 consolidated net revenues of $4.5 billion, a 4% increase year-over-year, driven by strong performance in MGM China and MGM Digital. The company also saw Las Vegas Strip Resorts' net revenues increase year-over-year for the first time since Q3 2024. Net income attributable to MGM Resorts was $125 million, down from $149 million in the prior year, and diluted EPS was $0.48. Additionally, MGM closed the sale of MGM Northfield Park operations for $546 million in April 2026, enhancing liquidity.
Key Highlights
- Consolidated net revenues increased 4% to $4.5 billion.
- Net income attributable to MGM Resorts was $125 million.
- Diluted EPS was $0.48; Adjusted EPS was $0.49.
- MGM China net revenues rose 9% to $1.1 billion.
- MGM Digital net revenues surged 43% to $183 million.
- BetMGM North America Venture reported $7.36 million operating income.
- Sold MGM Northfield Park operations for $546 million.
- Repurchased 2 million shares for $90 million in Q1 2026.