MGM Resorts Reports Q3 2026 Results Amidst Las Vegas Macroeconomic Headwinds
MGM Resorts International reported third-quarter consolidated revenue of $4.2 billion, a 1% decrease year-over-year. The decline was primarily driven by lower room revenues in Las Vegas, where average daily rates fell 8% to $218 due to macroeconomic pressures and significant increases in airline pricing to the region. Despite domestic challenges, the company saw record performance in other segments. MGM China achieved record quarterly revenue of $1.1 billion with a market share high of 17.1%, while BetMGM's adjusted EBITDA surged by 112%. The digital segment also showed significant improvement, narrowing its adjusted EBITDAR loss to $4 million. Looking forward, the company remains focused on international expansion, with the MGM Osaka project remaining on schedule for a 2030 opening. Management noted that while domestic leisure demand faced headwinds from rising travel costs, the convention volume in Las Vegas exceeded expectations.
Tickers: $MGM
Topics: casino revenue digital revenue EBITDAR hospitality MGM China revenue
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Part of the story MGM Resorts Reports Q3 2026 Results Highlighting iGaming Growth and Japan Expansion (7 articles)