MGM Resorts International Reports 1% Revenue Growth to $4.45 Billion in Q2 2026

MGM Resorts International reported its financial results for the second quarter of 2026, revealing a revenue increase of 1% to $4.45 billion compared to $4.40 billion in the same period last year. The company's operating income rose significantly by 24% to $503.6 million, driven by a $287 million gain from property transactions, including a $255 million gain from the sale of MGM Northfield Park. Net income attributable to MGM Resorts International surged to $292.4 million, up from $49 million in the prior year quarter, reflecting a substantial improvement in profitability.

For the first half of 2026, MGM Resorts achieved a 3% increase in revenue to $8.91 billion, compared to $8.68 billion in the first half of 2025. This growth was primarily attributed to a 30% increase in revenue from MGM Digital and a 4% increase from MGM China, although Regional Operations saw a slight decline of 1%. Operating income for the six-month period increased by 2% to $804.9 million, despite a goodwill impairment charge of $111 million impacting overall profitability.

In terms of operational metrics, the Las Vegas Strip Resorts segment reported a 3% revenue increase for the quarter, driven by higher casino revenue and food and beverage sales. However, Regional Operations experienced a 4% revenue decline, largely due to the sale of MGM Northfield Park. MGM Digital continued to show strong growth, with a 20% revenue increase in the second quarter, reflecting the success of its online gaming offerings. The company’s total assets decreased to $39.85 billion as of June 30, 2026, down from $41.37 billion at the end of 2025, primarily due to the sale of assets and changes in operating lease liabilities.

MGM Resorts also made strategic moves during the quarter, including the completion of the sale of MGM Northfield Park for $546 million, which resulted in a reduction of annual cash rent obligations by $53 million. The company repurchased approximately 4 million shares of its common stock for $164 million during the quarter, with $1.36 billion remaining under its stock repurchase program. Looking ahead, MGM Resorts anticipates continued growth in its digital segment and is exploring further investment opportunities, particularly in online gaming and potential developments in Japan. The company remains focused on managing its substantial debt and operational commitments while navigating the evolving market landscape.