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

MGM Resorts Q4 net income rises to $294 million; full-year profit falls to $206 million

Mixed Impact 3 of 5 earnings Written later

MGM Resorts reported fourth-quarter and full-year 2025 results on February 5, 2026. Fourth-quarter net income attributable to MGM Resorts rose to $294 million from $157 million, while full-year net income fell to $206 million from $747 million, weighed down by a $279 million goodwill impairment and $303 million in net other non-operating expense. The company also repurchased over $1.2 billion of shares in 2025, leaving $1.6 billion of authorization as of December 31, 2025.

Key points

  • Q4 2025 consolidated net revenues were $4.6 billion, up 6%, and diluted EPS was $1.11 versus $0.52 a year earlier
  • Full-year 2025 diluted EPS was $0.76 versus $2.40, while full-year Adjusted EPS rose to $3.31 from $2.59
  • Full-year 2025 Consolidated Adjusted EBITDA was $2.4 billion, up 1%, and net revenues were $17.5 billion, up 2%
  • Repurchased 37.5 million shares in 2025; $1.6 billion remained under the April 2025 plan as of December 31, 2025

The filing

CompanyMGM Resorts (MGM)
Form8-K, current report
Filed with the SECFeb 5, 2026, 4:14 PM ET
Accession number0000789570-26-000013

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 February 05, 2026.

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.