MGM Resorts International reported second-quarter 2026 earnings that missed estimates, with adjusted EPS of 59 cents versus the 63-cent consensus, while revenues of $4.45 billion slightly beat expectations and rose 1% year over year. The company saw growth in Las Vegas Strip Resorts and MGM Digital, but profitability declined at MGM China and regional properties, dragging consolidated adjusted EBITDA down 5.7% to $610 million. Since the earnings release, shares have fallen 5.9%, underperforming the S&P 500, and estimates have trended downward. MGM repurchased about 4 million shares for $164 million during the quarter, leaving $1.4 billion under its buyback program, and construction of MGM Osaka remains on schedule for a 2030 opening.
MGM Resorts InternationalQ2 earnings miss with adjusted EPS below consensus and EBITDA decline.
