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Q3 2026 earnings • released • EPS miss -231.66% • Revenue miss -0.06%
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MGM:NYSE
MGM Resorts International
$29.96
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+3.88%(+1.12) 1D
$29.95
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-0.05% (-0.014)bedtimeAfter hours
Closed: Oct 30, 3:00:08 PM GMT-5 · USD
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| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for MGM...
Open
$28.83
High
$29.97
Low
$28.38
Mkt. cap
7.58B
Avg. vol.
5.96M
Volume
9.94M
P/E ratio
11.52
52-wk high
$51.59
52-wk low
$26.71
EPS
$2.60
Beta
1.35
Shares outstanding
253.01M
No. of employees
69K
Open
$28.83
High
$29.97
Low
$28.38
Mkt. cap
7.58B
Avg. vol.
5.96M
Volume
9.94M
P/E ratio
11.52
52-wk high
$51.59
52-wk low
$26.71
EPS
$2.60
Beta
1.35
Shares outstanding
253.01M
No. of employees
69K
News stories
From web sources and news partners
Seeking Alpha
·
15 hours ago
MGM Resorts: Vegas Weakness Hurts Earnings, But Valuation Keeps Us Bullish (NYSE:MGM)
Yahoo Finance
·
20 hours ago
The top 5 analyst questions from MGM Resorts’s Q3 earnings call
CasinoBeats
·
1 day ago
MGM Digital cuts loss to $4m as LeoVegas-led arm’s revenue growth slows to 6%
Profile
MGM Resorts International is an American multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio, Mandalay Bay, MGM Grand and Park MGM.
The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gambling revenue began to outpace gambling receipts, and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gambling industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided with the 2008 financial crisis, causing more than $1 billion in write-offs in its valuation. Wikipedia
About MGM Resorts International
CEOWilliam Hornbuckle
Employees69K
FoundedJan 29, 1986
HeadquartersLas Vegas, Nevada, United States
SectorCasino
Websitemgmresorts.com
Analyst ratings
Based on 15 analysts giving stock ratings to MGM in the past 3 months
Buy
Buy
6
Hold
7
Sell
2
12-month forecast
Based on 15 Wall Street analysts offering 12 month price targets for MGM in the last 3 months.
Highest
Current $29.96
$55.00 (+83.58%)
Average
$37.93 (+26.60%)
Lowest
$26.00 (-13.22%)
Analyst | Recommendation | Action | Price target | Projected | Date |
|---|---|---|---|---|---|
James Hardiman Citi | Hold | Maintained | $31.00 | +3.5% | 10/30/2026 |
Trey Bowers Wells Fargo | Hold | Maintained | $28.00 | -6.5% | 10/29/2026 |
Barry Jonas Truist Financial | Buy | Maintained | $40.00 | +33.5% | 10/29/2026 |
John DeCree CBRE | Buy | Upgraded | $42.00 | +40.2% | 10/29/2026 |
Daniel Politzer J.P. Morgan | Buy | Maintained | $39.00 | +30.2% | 10/29/2026 |
Clark Lampen BTIG | Hold | Reiterated | - | - | 10/28/2026 |
Benjamin Chaiken Mizuho Securities | Buy | Maintained | $50.00 | +66.9% | 10/29/2026 |
Steven Wieczynski Stifel Nicolaus | Hold | Reiterated | $35.00 | +16.8% | 10/29/2026 |
Lizzie Dove Goldman Sachs | Sell | Maintained | $26.00 | -13.2% | 10/28/2026 |
Shaun Kelley Bank of America Securities | Hold | Reiterated | $35.00 | +16.8% | 10/29/2026 |
Brandt Montour Barclays | Hold | Maintained | $34.00 | +13.5% | 10/29/2026 |
Stephen Grambling Morgan Stanley | Sell | Reiterated | $29.00 | -3.2% | 10/19/2026 |
Joseph Stauff Susquehanna | Buy | Maintained | $41.00 | +36.8% | 10/08/2026 |
Robin M. Farley UBS | Hold | Maintained | $46.00 | +53.5% | 09/11/2026 |
John Staszak Argus Research | Buy | Reiterated | $55.00 | +83.6% | 08/14/2026 |
David Katz Jefferies | Hold | Maintained | $48.00 | +60.2% | 07/02/2026 |
Vitaly Umansky Seaport Global | Hold | Maintained | - | - | 06/07/2026 |
Steven Pizzella Deutsche Bank | Buy | Maintained | $55.00 | +83.6% | 06/02/2026 |
Scot Ciccarelli Truist Financial | Buy | Upgraded | $55.00 | +83.6% | 05/27/2026 |
Unknown Analyst Seaport Global | Hold | Maintained | - | - | 04/30/2026 |
Unknown Analyst Argus Research | Buy | Reiterated | $45.00 | +50.2% | 04/30/2026 |
Last report
Oct 28, 2026
Fiscal period
Q3 2026
- Normalized EPS / Est. (USD)
- GAAP EPS / Est. (USD)
-$0.11 / $0.08
-231.66%miss
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Revenue / Est. (USD)
4.21B / 4.21B
-0.06%miss
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Fiscal Q3 2026 earnings call
youtube_liveWaiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
- Quarterly
- Annual
All values in USD | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|
Revenue | 4.61B | 4.45B | 4.45B | 4.21B |
Cost of goods sold | 2.58B | 2.46B | 2.47B | 2.48B |
Cost of revenue | 2.58B | 2.46B | 2.47B | 2.48B |
Research and development expenses | - | - | - | - |
Total research and development expenses | - | - | - | - |
Selling, general, and admin expenses | 1.42B | 1.42B | 1.39B | 1.36B |
Operating expense | 1.70B | 1.68B | 1.68B | 1.64B |
Total operating expenses | 4.28B | 4.15B | 4.15B | 4.12B |
Operating income | 325.10M | 305.44M | 302.12M | 94.90M |
Other non operating income | -79.94M | -33.02M | 266.18M | 19.00K |
EBT including unusual items | 99.83M | 202.25M | 413.52M | 21.89M |
EBT excluding unusual items | 180.62M | 214.25M | 524.54M | 21.89M |
Income tax expense | -282.95M | 27.46M | 90.73M | -17.31M |
Effective tax rate | -283.44% | 13.58% | 21.94% | -79.08% |
Other operating expenses | - | - | - | - |
Net income | 293.61M | 125.14M | 292.43M | -17.11M |
Net profit margin | 6.38% | 2.81% | 6.57% | -0.41% |
Earnings per share | 1.60 | 0.49 | 0.59 | -0.11 |
Interest and investment income | 12.00M | 10.00M | - | - |
Interest expense | -103.90M | -100.69M | -102.13M | -102.61M |
Net interest expenses | -91.90M | -90.69M | -102.13M | -102.61M |
Depreciation and amortization charges | 278.66M | 263.72M | 282.32M | 276.40M |
EBITDA | 603.75M | 569.16M | 584.44M | 371.30M |
Gain or loss from assets sale | - | - | - | - |
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider | Position | Type | Date | Shares | Amount |
|---|---|---|---|---|---|
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