Oct 28, 4:15 PM ET
MGM Resorts reported third-quarter 2026 results for the quarter ended September 30, 2026. Revenue fell 1% to $4.2 billion and Consolidated Adjusted EBITDA fell to $403 million from $506 million, while the net loss attributable to MGM Resorts narrowed to $17 million from $285 million. The CFO said an amended voting agreement announced the same day supports pursuing value-creating share repurchases, though the filing gives no repurchase amount.
- Consolidated revenue of $4.2 billion, down 1% from the prior year quarter
- Net loss attributable to MGM Resorts of $17 million, versus $285 million a year earlier; diluted loss per share of $0.07 versus $1.05
- Adjusted EPS of $(0.11) versus $0.24 a year earlier; Consolidated Adjusted EBITDA of $403 million versus $506 million
- Las Vegas Strip Resorts Segment Adjusted EBITDAR of $531 million, down 12%; MGM China revenue up 5% to $1.1 billion
Read the filing on SEC.gov ↗
Oct 28, 9:00 AM ET
MGM Resorts amended its April 3, 2026 Voting Agreement with People Incorporated and Barry Diller on October 27, 2026, after People withdrew its previously announced proposal to acquire the company. The amendment caps the group's ownership at 29.9% of outstanding common stock and sets voting rules for stockholder votes and change of control transactions. The company says no transaction is contemplated under the agreement.
- Covered Entities may not acquire shares that would take their ownership above 29.9% of outstanding common stock, with exceptions for increases caused by company repurchases.
- Above 25.73% of voting power, the Covered Entities vote in line with the majority of other holders on non-change-of-control matters.
- In a change of control transaction, they vote with the Board's recommendation if specified conditions are met.
- The amendment followed People's withdrawal of its proposal to acquire MGM Resorts; the press release was issued October 28, 2026.
Read the filing on SEC.gov ↗
Jul 29, 4:15 PM ET
MGM Resorts reported second quarter 2026 results, with consolidated revenue of $4.5 billion, up 1% from the prior year quarter. Net income attributable to MGM Resorts rose to $292 million and diluted EPS to $1.11, but these gains were driven largely by a $287 million net gain from property transactions, while adjusted EPS fell to $0.59 from $0.79 and Consolidated Adjusted EBITDA fell to $610 million from $648 million.
- Consolidated revenue of $4.5 billion, up 1%; net income attributable to MGM Resorts of $292 million versus $49 million a year earlier
- Adjusted EPS of $0.59 versus $0.79 a year earlier; diluted EPS of $1.11 versus $0.18
- Consolidated Adjusted EBITDA of $610 million versus $648 million; a $111 million goodwill impairment was recorded in the quarter
- Repurchased about 4 million shares for $164 million in the quarter; about $1.4 billion remained under the April 2025 repurchase plan as of June 30, 2026
Read the filing on SEC.gov ↗
May 14, 4:19 PM ET
MGM China Holdings Limited, a consolidated subsidiary of MGM Resorts International, issued $750 million of 6.25% senior notes due 2033 on May 13, 2026, under an indenture with Wilmington Savings Fund Society, FSB, as trustee. The company expects about $739.9 million in net proceeds to repay part of its revolving credit facility and for general corporate purposes, and the filing describes the debt as a new direct financial obligation.
- Principal: $750 million aggregate, 6.25% senior notes due 2033, issued May 13, 2026
- Estimated net proceeds: approximately $739.9 million after fees and expenses
- Use of proceeds: repay a portion of revolving credit facility borrowings and general corporate purposes
- Interest payable in cash on May 15 and November 15, beginning November 15, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.