MGM Resorts International (NYSE:MGM) filed its third-quarter 2026 earnings press release on October 28, 2026, reporting consolidated revenue of $4.2 billion and a net loss attributable to MGM Resorts of $17 million for the quarter ended September 30, 2026.

Key Highlights

  • Consolidated revenue: $4.2 billion in Q3 2026, a decrease of 1% compared to the prior year quarter.
  • Net loss narrowed: Net loss attributable to MGM Resorts was $17 million, compared to $285 million in the prior year quarter.
  • Diluted loss per share: $(0.07) in Q3 2026, compared to $(1.05) in Q3 2025.
  • MGM China record: MGM China achieved record quarterly revenue and record quarterly market share of 17.1%.
  • Las Vegas Strip ADR decline: Average daily rate fell 8% to $218 from $236 in the prior year quarter, with RevPAR dropping to $193 from $210.
  • BetMGM distributions: BetMGM North America Venture distributions and branding license fees to MGM Resorts totaled $34 million in Q3 2026.
  • Consolidated Adjusted EBITDA: $403 million in Q3 2026, compared to $506 million in the prior year quarter.

MGM Resorts Q3 2026 Segment Results and Key Metrics

According to the filing, Las Vegas Strip Resorts generated revenue of $2.0 billion in Q3 2026, a decrease of 2% compared to the prior year quarter. Segment Adjusted EBITDAR for Las Vegas Strip Resorts was $531 million, down from $601 million in Q3 2025, a decrease of 12%. Hotel occupancy held steady at 89%, but average daily rate declined 8% to $218, and revenue per available room fell 8% to $193. Casino revenue for Las Vegas Strip Resorts rose 8% to $488 million, with table games win percentage of 25.3% compared to 22.6% in the prior year quarter.

Regional Operations reported revenue of $883 million in Q3 2026, an 8% decrease from $957 million in the prior year quarter. On a same-store basis adjusted for dispositions, however, the filing disclosed revenue of $883 million compared to $873 million in the prior year quarter, an increase of 1%. Regional Operations Segment Adjusted EBITDAR was $243 million, compared to $296 million in Q3 2025, a decrease of 18%. MGM China reported revenue of $1.1 billion, an increase of 5% over the prior year quarter, and record quarterly market share of 17.1%, according to the filing. MGM China's intercompany branding license fee expense rose by $22 million over the prior year quarter to $41 million.

MGM Digital, which the filing describes as consisting of LeoVegas and other consolidated subsidiaries offering interactive gaming and not including the BetMGM North America Venture, reported revenue of $184 million in Q3 2026, up 6% from $174 million in the prior year quarter. MGM Digital's Segment Adjusted EBITDAR loss narrowed to $4 million from a loss of $23 million in Q3 2025. The company's share of operating income from the BetMGM North America Venture was $26,743 thousand in Q3 2026, compared to $23,725 thousand in Q3 2025, according to the filing.

What Was Disclosed

MGM Resorts International disclosed third-quarter 2026 financial results covering consolidated revenue, net loss, segment-level revenue and Adjusted EBITDAR, gaming and hotel statistics, digital segment performance, and unconsolidated affiliate income for the quarter ended September 30, 2026.