MGM beats Q4 estimates as earnings and revenues rise year over year, driven by strong Macau results, digital growth and regional casinos.
MGM Resorts International (MGM) Q4 2025 Earnings Call Transcript
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended December 2025, 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 $1.6 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.45 per share a year ago.
MGM Resorts International sees BetMGM transition to positive cash flow, with 2023 adjusted EBITDA at $220 million on $2.8 billion revenue. BetMGM's business mix—two-thirds iGaming—delivers more stable results than sports betting–heavy peers, supporting consistent hold rates and reduced volatility. Digital cash flow enables MGM to consider buybacks or debt reduction, improving leverage and providing a buffer if physical assets underperform.
MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As the year begins to wind down, investors are looking to position themselves for 2026.
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.