MGM Resorts Q2 revenue beats estimates on higher casino gains

MGM Resorts International

29/07/2026 21:27

Overview
U.S. casino and resort operator's Q2 revenue rose 1% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations but declined from prior year
Company repurchased $164 mln in shares during the quarter

Outlook
Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers
LAS VEGAS STRIP - Revenue rose 3% yr/yr, driven by higher casino revenue and improved table games win percentage, despite declines in hotel metrics
REGIONAL OPERATIONS - Same-store revenue rose 3% yr/yr, offsetting a 4% decline in total regional revenue due to property dispositions
DIGITAL GROWTH - MGM Digital revenue increased 20% yr/yr, though the segment continued to post losses

Company press release: ID:nPn8J8Nlca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.50 bln
$4.42 bln (19 Analysts)
Q2 Adjusted EPS
Beat
$0.59
$0.57 (15 Analysts)
Q2 EPS
 
$1.11
 
Q2 Net Income
 
$292 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for MGM Resorts International is $48.30, about 4.5% above its July 28 closing price of $46.20
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
July 28 - Caesars Entertainment Q2 revenue slightly beats estimates on regional growth
July 29 - US court revives lawsuit claiming AI software fueled price-gouging by New Jersey casinos 
July 29 - France's Banijay H1 revenue rises on sports betting, gaming growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)