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

MGM Resorts posts Q3 net loss of $285 million on $256 million goodwill impairment

Mixed Impact 4 of 5 earnings Written later

MGM Resorts reported a third-quarter 2025 net loss attributable to the company of $285 million, compared with net income of $185 million a year earlier, driven mainly by a $256 million non-cash goodwill impairment tied to its decision to withdraw a Empire City gaming license application. Consolidated net revenues rose 2% to $4.3 billion and Adjusted EPS was $0.24 versus $0.54, while the company also signed a secured credit agreement for a JPY45.2 billion term loan that its filing says supports the MGM Osaka project.

Key points

  • Net revenues of $4.3 billion, up 2% year over year; diluted loss per share of $1.05 versus earnings of $0.61
  • Goodwill impairment of $256 million and about $93 million of other non-cash write-offs related to Empire City
  • Adjusted EPS of $0.24 versus $0.54; Consolidated Adjusted EBITDA of $506 million versus $574 million
  • Credit Agreement dated October 23, 2025 with Sumitomo Mitsui Banking Corporation provides a JPY45.2 billion term loan maturing in October 2030, subject to conditions

The filing

CompanyMGM Resorts (MGM)
Form8-K, current report
Filed with the SECOct 29, 2025, 4:15 PM ET
Accession number0000789570-25-000073

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations2.03 New Direct Financial Obligation

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 October 29, 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.