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.
MGM Resorts International (MGM) Q2 2026 Earnings Call Transcript
The hotel and casino company said revenue from MGM's resorts on the Las Vegas Strip rose 3% to $2.2 billion.
MGM's Q2 results are likely to reflect stronger conventions, Macau casino demand and digital growth, offset by regional softness and margin pressure.