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

MGM Resorts Q1 revenue rises 4% to $4.5 billion, but profit and EPS decline

Mixed Impact 3 of 5 earnings Written later

MGM Resorts reported first-quarter 2026 consolidated net revenues of $4.5 billion, up 4% from the prior year quarter, but net income attributable to the company fell to $125 million from $149 million. Diluted EPS was $0.48 versus $0.51, and Adjusted EPS was $0.49 versus $0.69. The company also closed the sale of MGM Northfield Park operations for $546 million in April 2026 and plans to use the proceeds partly for share repurchases.

Key points

  • Consolidated net revenues $4.5 billion, up 4%; Consolidated Adjusted EBITDA $580 million versus $637 million
  • Net income attributable to MGM Resorts $125 million versus $149 million; diluted EPS $0.48 versus $0.51
  • Adjusted EPS $0.49 versus $0.69 in the prior year quarter
  • Closed sale of MGM Northfield Park operations for $546 million in April 2026; repurchased about 2 million shares for $90 million in Q1

The filing

CompanyMGM Resorts (MGM)
Form8-K, current report
Filed with the SECApr 29, 2026, 4:15 PM ET
Accession number0000789570-26-000034

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 April 29, 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.