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Q3 2026 earnings • released • EPS miss -231.66% • Revenue miss -0.06%
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MGM:NYSE
MGM Resorts International
$28.83
+5.72%
(+1.56) 1D
$28.68
-0.52% (-0.15)
After hours
Closed: Oct 29, 4:00:03 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for MGM...
Open
$27.22
High
$28.86
Low
$26.71
Mkt. cap
7.25B
Avg. vol.
5.65M
Volume
11.14M
P/E ratio
17.76
52-wk high
$51.59
52-wk low
$26.71
EPS
$1.62
Beta
1.35
Shares outstanding
251.59M
No. of employees
69K
Open
$27.22
High
$28.86
Low
$26.71
Mkt. cap
7.25B
Avg. vol.
5.65M
Volume
11.14M
P/E ratio
17.76
52-wk high
$51.59
52-wk low
$26.71
EPS
$1.62
Beta
1.35
Shares outstanding
251.59M
No. of employees
69K
News stories
From web sources and news partners
Profile
MGM Resorts International is an American multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio, Mandalay Bay, MGM Grand and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gambling revenue began to outpace gambling receipts, and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gambling industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided with the 2008 financial crisis, causing more than $1 billion in write-offs in its valuation. Wikipedia
About MGM Resorts International
CEOWilliam Hornbuckle
Employees69K
FoundedJan 29, 1986
HeadquartersLas Vegas, Nevada, United States
SectorCasino
Websitemgmresorts.com
Analyst ratings
Based on 15 analysts giving stock ratings to MGM in the past 3 months
Buy
Buy
6
Hold
7
Sell
2
12-month forecast
Based on 15 Wall Street analysts offering 12 month price targets for MGM in the last 3 months.
Highest
Current $28.83
$55.00 (+90.77%)
Average
$38.07 (+32.05%)
Lowest
$26.00 (-9.82%)
Analyst
Recommendation
Action
Price target
Projected
Date
Barry Jonas
Truist Financial
Buy
Maintained
$40.00
+38.7%
10/29/2026
John DeCree
CBRE
Buy
Upgraded
$42.00
+45.7%
10/29/2026
Daniel Politzer
J.P. Morgan
Buy
Maintained
$39.00
+35.3%
10/29/2026
Clark Lampen
BTIG
Hold
Reiterated
-
-
10/28/2026
Benjamin Chaiken
Mizuho Securities
Buy
Maintained
$50.00
+73.4%
10/29/2026
Steven Wieczynski
Stifel Nicolaus
Hold
Reiterated
$35.00
+21.4%
10/29/2026
Lizzie Dove
Goldman Sachs
Sell
Maintained
$26.00
-9.8%
10/28/2026
Shaun Kelley
Bank of America Securities
Hold
Reiterated
$35.00
+21.4%
10/29/2026
Brandt Montour
Barclays
Hold
Maintained
$34.00
+17.9%
10/29/2026
Trey Bowers
Wells Fargo
Hold
Reiterated
$29.00
+0.6%
10/19/2026
Stephen Grambling
Morgan Stanley
Sell
Reiterated
$29.00
+0.6%
10/19/2026
James Hardiman
Citi
Hold
Maintained
$32.00
+11%
10/12/2026
Joseph Stauff
Susquehanna
Buy
Maintained
$41.00
+42.2%
10/08/2026
Robin M. Farley
UBS
Hold
Maintained
$46.00
+59.6%
09/11/2026
John Staszak
Argus Research
Buy
Reiterated
$55.00
+90.8%
08/14/2026
David Katz
Jefferies
Hold
Maintained
$48.00
+66.5%
07/02/2026
Vitaly Umansky
Seaport Global
Hold
Maintained
-
-
06/07/2026
Steven Pizzella
Deutsche Bank
Buy
Maintained
$55.00
+90.8%
06/02/2026
Scot Ciccarelli
Truist Financial
Buy
Upgraded
$55.00
+90.8%
05/27/2026
Unknown Analyst
Seaport Global
Hold
Maintained
-
-
04/30/2026
Unknown Analyst
Argus Research
Buy
Reiterated
$45.00
+56.1%
04/30/2026
Last report
Oct 28, 2026
Fiscal period
Q3 2026
-$0.11 / $0.08
-231.66%miss
Revenue / Est. (USD)
4.21B / 4.21B
-0.06%miss
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
4.25B
4.61B
4.45B
4.45B
Cost of goods sold
2.40B
2.58B
2.46B
2.47B
Cost of revenue
2.40B
2.58B
2.46B
2.47B
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
1.37B
1.42B
1.42B
1.39B
Operating expense
1.63B
1.70B
1.68B
1.68B
Total operating expenses
4.03B
4.28B
4.15B
4.15B
Operating income
219.41M
325.10M
305.44M
302.12M
Other non operating income
-129.16M
-79.94M
-33.02M
266.18M
EBT including unusual items
-219.59M
99.83M
202.25M
413.52M
EBT excluding unusual items
42.55M
180.62M
214.25M
524.54M
Income tax expense
-12.86M
-282.95M
27.46M
90.73M
Effective tax rate
5.86%
-283.44%
13.58%
21.94%
Other operating expenses
-
-
-
-
Net income
-285.26M
293.61M
125.14M
292.43M
Net profit margin
-6.71%
6.38%
2.81%
6.57%
Earnings per share
0.24
1.60
0.49
0.59
Interest and investment income
-
12.00M
10.00M
-
Interest expense
-102.29M
-103.90M
-100.69M
-102.13M
Net interest expenses
-102.29M
-91.90M
-90.69M
-102.13M
Depreciation and amortization charges
260.72M
278.66M
263.72M
282.32M
EBITDA
480.13M
603.75M
569.16M
584.44M
Gain or loss from assets sale
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider
Position
Type
Date
Shares
Amount
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