MGM Resorts Q1 net income falls to $149 million; board authorizes $2 billion buyback
MGM Resorts reported first-quarter 2025 consolidated net revenues of $4.3 billion, down 2% from the prior year quarter, with net income attributable to the company falling to $149 million from $217 million and diluted EPS falling to $0.51 from $0.67. The company attributed the decline primarily to lower net revenues at the Las Vegas Strip Resorts and MGM China. The Board also authorized a new $2 billion stock repurchase plan, which does not obligate the company to buy any shares and may be suspended or discontinued at any time.
Key points
- Consolidated net revenues of $4.3 billion, down 2% from the prior year quarter
- Net income attributable to MGM Resorts of $149 million versus $217 million; diluted EPS of $0.51 versus $0.67
- Adjusted EPS of $0.69 versus $0.74 in the prior year quarter
- New $2 billion repurchase plan, in addition to the November 2023 plan with about $337 million remaining as of March 31, 2025
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.