MGM (MGM) reported earnings 30 days ago. What's next for the stock?
People Inc.'s 66.8 million-share stake in MGM is worth about $2.9 billion at current prices, already exceeding People Inc.'s $2.86 billion market capitalization. People Inc.'s publishing business is improving, with Q2 adjusted EBITDA increasing to $73 million and 2026 EBITDA guidance raised. Including estimated net proceeds from the announced $189 million LP-interest sale, we estimate holdco cash at approximately $939 million.
MGM Resorts International remains a Buy due to attractive valuation and strong balance sheet despite recent underperformance versus the S&P 500. MGM's growth is driven by MGM China and MGM Digital, while Las Vegas and regional operations face near-term headwinds from weak visitation and consumer sentiment. Management is investing in long-term growth, including the MGM Osaka resort in Japan and expanding digital and sports-betting platforms.
People Incorporated Common Stock NASDAQ: PPLI is focusing its capital allocation on its MGM minority stake and its People media business while seeking new homes for several non-core assets, Chief Financial Officer Tim Quinn said during a fireside chat.
MGM Resorts' 0.67X sales multiple offers a valuation discount, but falling 2026 earnings, margin pressure and Osaka spending raise execution risks.
MGM Resorts' 22.5% three-month rally faces a test as Las Vegas and digital gains contend with weaker profitability and softer leisure demand.
MGM Resorts' $546M Northfield sale boosts liquidity and cuts annual rent by $53M, giving it more flexibility for buybacks and growth.
The company posted a quarterly profit of $506.9 million, boosted by an unrealized gain on the company's investment in MGM.
MGM posts record Q2 revenues, but earnings fall as China and regional margin pressure offset Las Vegas and digital growth.
MGM Resorts International NYSE: MGM said its second-quarter momentum was supported by record consolidated net revenue, continued growth at its Las Vegas Strip properties, record same-store regional revenue and 20% year-over-year revenue growth at MGM Digital.
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MGM Resorts (MGM) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.79 per share a year ago.