MGM Resorts Reports Record Net Revenues and Las Vegas Revenue Growth in Q1 2026
MGM Resorts International reported record consolidated net revenues of $4.5 billion in Q1 2026, a 4% year-over-year increase. Las Vegas net revenues rose slightly for the first time since Q3 2024, driven by group bookings, promotions, and hotel remodels, though adjusted EBITDAR fell 8%. The company remains optimistic about continued growth despite economic headwinds.
Tickers: $MGM
Topics: EBITDAR Las Vegas Market MGM Resorts Property Sale Q1 2026 Earnings Revenue Growth