MGM Resorts preliminary Q4 net income rises to $294 million; full-year profit falls
MGM Resorts inadvertently posted preliminary, unaudited fourth-quarter and full-year 2025 results on February 4, 2026, as Exhibit 99.1 to an 8-K. Fourth-quarter revenue and earnings rose from a year earlier, while full-year net income attributable to the company fell sharply and included a $278.9 million goodwill impairment. The figures remain subject to closing procedures and have not been audited or reviewed, so final numbers may differ.
Key points
- Q4 2025 revenue was $4.6 billion, up from $4.3 billion in Q4 2024; diluted EPS was $1.11 versus $0.52.
- Full-year 2025 net income attributable to MGM Resorts was $206 million, down from $747 million in 2024; diluted EPS was $0.76 versus $2.40.
- Full-year 2025 goodwill impairment was $278.9 million; Consolidated Adjusted EBITDA was $2.43 billion versus $2.41 billion.
- The information was posted inadvertently on February 4, 2026, and is subject to closing procedures and not audited or reviewed by the independent auditor.
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 February 04, 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.