MGM Resorts pushes deeper into Missouri as BetMGM launches mobile and in-person sports betting through its new partnership with Century Casinos.
MGM (MGM) reported earnings 30 days ago. What's next for the stock?
MGM posts mixed Q3 results as earnings miss estimates but revenues edge higher, fueled by MGM China and digital growth.
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MGM Resorts International ( MGM ) Q3 2025 Earnings Call October 29, 2025 5:00 PM EDT Company Participants Howard Wang William Hornbuckle - President, CEO & Director Jonathan Halkyard - CFO & Treasurer Xiaofeng Feng - President of Strategic, CFO & Executive Director Corey Sanders - Chief Operating Officer Conference Call Participants John DeCree - CBRE Securities, LLC, Research Division Shaun Kelley - BofA Securities, Research Division Brandt Montour - Barclays Bank PLC, Research Division Daniel Politzer - JPMorgan Chase & Co, Research Division Steven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research Division Stephen Grambling - Morgan Stanley, Research Division Barry Jonas - Truist Securities, Inc., Research Division Chad Beynon - Macquarie Research Presentation Operator Good afternoon, and welcome to the MGM Resorts International Third Quarter 2025 Earnings Conference Call. Joining the call from the company today are Mr.
MGM Resorts (MGM) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.54 per share a year ago.
The Las Vegas-based hotel and casino operator bottom line was hit by a $256 million noncash goodwill impairment charge tied to withdrawing an application for a New York casino.
MGM's Q3 results are likely to reflect solid growth in MGM China and digital operations, partly offset by higher costs and renovation impacts.
MGM Resorts has withdrawn from the competition for one of three new casino licenses in the New York City metropolitan area. The high costs and intense competition for these licenses have proven prohibitive, even for major operators like MGM, WYNN, and LVS. MGM already maintains a presence in the NYC metro area through its Yonkers racino, reducing its urgency for a new license.
MGM is divesting its MGM Northfield Park operations for $546 million, boosting liquidity and trimming annual rent costs by $54 million.
BetMGM's Q3 surge lifts MGM's outlook, with strong gains in iGaming and Online Sports driving a guidance raise for 2025.
The company will no longer turn its Yonkers location into a casino with live games like poker and blackjack due to shifting competitive and economic factors, it said.