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AI brief of an SEC Form 8-K · MGM Resorts (MGM)

MGM Resorts Q2 revenue up 2% to $4.4 billion; profit falls on $208 million FX loss

Mixed Impact 3 of 5 earnings Written later

MGM Resorts reported second-quarter 2025 consolidated net revenues of $4.4 billion, up 2% from a year earlier, and consolidated Adjusted EBITDA of $648 million, up from $635 million. Net income attributable to MGM Resorts fell to $49 million from $187 million, mainly due to a $208 million foreign currency transaction loss, and diluted EPS was $0.18 versus $0.60. The company also repurchased 8 million shares for $217 million and said about $2.1 billion remains under its repurchase program.

Key points

  • Consolidated net revenues of $4.4 billion in Q2 2025, up 2% year over year, led by MGM China and Regional Operations
  • Net income attributable to MGM Resorts of $49 million versus $187 million, due to a $208 million pre-tax foreign currency transaction loss
  • Diluted EPS of $0.18 versus $0.60; Adjusted EPS of $0.79 versus $0.86 in the prior year quarter
  • BetMGM venture upgraded its 2025 guidance, and about $2.1 billion remains under the share repurchase program as of June 30, 2025

The filing

CompanyMGM Resorts (MGM)
Form8-K, current report
Filed with the SECJul 30, 2025, 4:15 PM ET
Accession number0000789570-25-000032

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 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.