MGM Resorts International reported earnings results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, the company reported sales was USD 3,433.3 million compared to USD 3,153.4 million a year ago. Revenue was USD 4,605.27 million compared to USD 4,346.56 million a year ago. Net income was USD 293.61 million compared to USD 157.43 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 1.11 compared to USD 0.52 a year ago.
For the full year, sales was USD 12,828.29 million compared to USD 12,467.27 million a year ago. Sales was USD 12,828.29 million compared to USD 12,467.27 million a year ago. Revenue was USD 17,537.68 million compared to USD 17,240.55 million a year ago. Revenue was USD 17,537.68 million compared to USD 17,240.55 million a year ago. Net income was USD 205.86 million compared to USD 746.56 million a year ago. Net income was USD 205.86 million compared to USD 746.56 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 2.42 a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 2.42 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 2.4 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 2.4 a year ago.
MGM Resorts International is one of the world's leading casino operators. At the end of 2024, the group operates 18 casino hotels in the United States (16; brands Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Park MGM, Aria, etc.) and in China (2; MGM Macau and MGM Cotai). Additionally, the group owns 50% of BetMGM. Net sales break down by activity as follows:
- casinos operation (51%): 27,079 slot machines and 2,018 gaming tables operated at the end of 2024;
- hotel operation (21.4%): operation of 44,654 hotel rooms (including 42,651 hotel rooms in the United States);
- catering (17.8%);
- operation of leisure sites and stores (9.8%);
Net sales are distributed geographically as follows: the United States (73.5%), China (23.3%) and other (3.2%).
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