MGM Resorts International (NYSE:MGM) Announces Earnings Results, Misses Expectations By $0.08 EPS

MGM Resorts International (NYSE:MGM) posted its quarterly earnings data on Wednesday. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08), FiscalAI reports. MGM Resorts International had a net margin of 1.17% and a return on equity of 26.04%. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter last year, the company posted $0.69 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.

Here are the key takeaways from MGM Resorts International’s conference call:

• MGM reported consolidated net revenue growth (over 4%) and Las Vegas net revenue rose year?over?year for the first time in over a year, driven by strong convention demand, record 1Q convention ADRs/catering, and early momentum from an all?inclusive package that is drawing roughly one?third first?time visitors.
• MGM China grew net revenue ~9% with March market share at 17.3% and continued premium?mass and suite investments, but segment adjusted EBITDA declined due to the brand fee increase to 3.5% (which raises MGM Resorts’ cash flow).
• MGM Digital / LeoVegas delivered strong top?line growth (digital +43%, LeoVegas >30%), is migrating sportsbooks to in?house tech (Tipico acquisition) and targeting World Cup/Brazil upside, with losses expected to materially narrow and profitability targeted near 2027.
• Operating results were weighed down by increased self?insurance accruals and litigation, including a $37M charge in Las Vegas and $9M in regionals, which meaningfully reduced segment EBITDA this quarter.
• Management increased financial flexibility by selling Northfield Park (6.6x trailing EBITDA) and repurchasing ~2.5M shares for $90M, and indicated proceeds give scope to redeploy capital and potentially accelerate buybacks at current valuations.

MGM Resorts International Price Performance

NYSE:MGM traded down $0.59 during trading hours on Wednesday, hitting $39.15. 6,648,525 shares of the stock traded hands, compared to its average volume of 4,825,262. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 52.20 and a beta of 1.35. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The stock has a 50 day moving average price of $37.10 and a 200 day moving average price of $35.36. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $40.94.

Insider Transactions at MGM Resorts International

In other news, Director Keith A. Meister sold 37,500 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $34.27, for a total value of $1,285,125.00. Following the completion of the transaction, the director owned 5,347,978 shares of the company’s stock, valued at $183,275,206.06. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Iac Inc. acquired 550,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $37.30 per share, with a total value of $20,515,000.00. Following the purchase, the insider owned 66,372,350 shares of the company’s stock, valued at approximately $2,475,688,655. This trade represents a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.38% of the company’s stock.

Hedge Funds Weigh In On MGM Resorts International

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its holdings in shares of MGM Resorts International by 235.1% in the fourth quarter. Corient Private Wealth LLC now owns 932,610 shares of the company’s stock worth $34,031,000 after buying an additional 654,328 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of MGM Resorts International by 3.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 16,645 shares of the company’s stock worth $607,000 after buying an additional 496 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of MGM Resorts International by 114.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,600 shares of the company’s stock worth $1,831,000 after buying an additional 29,182 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of MGM Resorts International by 207.5% in the fourth quarter. NewEdge Advisors LLC now owns 11,367 shares of the company’s stock worth $415,000 after buying an additional 7,671 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of MGM Resorts International by 88.5% in the fourth quarter. Empowered Funds LLC now owns 15,114 shares of the company’s stock worth $552,000 after buying an additional 7,096 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Wall Street Analyst Weigh In

MGM has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on MGM Resorts International from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Berenberg Bank reissued a “buy” rating on shares of MGM Resorts International in a report on Wednesday, February 11th. Barclays set a $37.00 price objective on shares of MGM Resorts International in a report on Friday, February 6th. Texas Capital raised shares of MGM Resorts International to a “strong-buy” rating in a report on Thursday, January 8th. Finally, Stifel Nicolaus dropped their price objective on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.63.

More MGM Resorts International News

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Record consolidated net revenues and revenue beat for Q1, driven by growth at MGM China and MGM Digital — management highlighted record 1Q consolidated net revenues. MGM Q1 PR
• Positive Sentiment: MGM China posted strong Q1 results (revenue +10% YoY; daily mass GGR +19%) and Macau visitor arrivals improved, supporting international growth prospects. MGM China Q1
• Positive Sentiment: Closed sale of operations of MGM Northfield Park for $546 million in April — a material near?term cash inflow that improves liquidity and reduces operating complexity. Northfield Park Sale
• Positive Sentiment: BetMGM North America venture reported year?over?year increases in net revenue and Adjusted EBITDA, supporting digital growth and recurring revenue diversification. BetMGM Growth
• Neutral Sentiment: Mixed quarter: consolidated revenue ($4.45B) beat consensus but results were uneven across metrics — strong top line but lower margins and a drop in net profit versus last year. This leaves the quarter as a mixed signal for near?term EPS trajectory. Q1 Slides
• Negative Sentiment: EPS missed expectations — reported $0.49 vs. consensus ~$0.56–0.57 — and quarterly profit fell to $125.1M from $148.6M a year ago, prompting the stock selloff. Zacks Earnings Miss
• Negative Sentiment: Market reaction: shares dipped after the print as investors focused on the EPS miss and margin pressure despite revenue strength. Benzinga on Share Dip
• Negative Sentiment: Las Vegas operations face dining shifts (food?court operator bankruptcy and permanent buffet closures), raising questions about non?gaming revenue mix and local operating headwinds. Dining Shifts

About MGM Resorts International

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.