MGM Resorts International posted second quarter 2026 revenue of $4.5 billion, a 1% increase year-over-year, as the company’s Las Vegas Strip properties delivered a second straight quarter of growth. Net income attributable to MGM Resorts jumped to $292 million, up sharply from $49 million in the same quarter a year ago.
Consolidated Adjusted EBITDA came in at $610 million for the quarter, down from $648 million in the prior-year period, even as top-line revenue climbed across several of the company’s core businesses.
Las Vegas Strip Leads the Way
MGM’s Las Vegas Strip resorts generated $2.2 billion in revenue during the quarter, up 3% from $2.1 billion a year earlier. Segment Adjusted EBITDAR for the Strip properties rose to $735 million, also a 3% increase compared to $710 million in the prior-year quarter. The result marks the second consecutive quarter of year-over-year growth for the company’s flagship Strip portfolio, a trend MGM leadership pointed to as evidence that Las Vegas demand remains resilient even as broader consumer spending faces pressure elsewhere.
MGM Resorts President and CEO Bill Hornbuckle credited the company’s diversified footprint for the quarter’s performance. “MGM Resorts once again demonstrated the strength of our diversified portfolio with record second quarter consolidated revenue driven by a second consecutive quarter of year-over-year revenue growth for Las Vegas Strip Resorts, all-time best Regional Operations same-store quarterly revenue, and 20% year-over-year revenue growth at MGM Digital,” Hornbuckle said in a statement. He added that the company continues to invest in future growth, including MGM Osaka — billed as the largest integrated resort in the world — which remains on track for a 2030 opening.
Mixed Results Outside the Strip
Not every segment shared in the Strip’s momentum. Regional operations revenue slipped 4% to $924 million from $965 million a year earlier, while Segment Adjusted EBITDAR for that division fell 9% to $280 million. MGM China revenue was largely flat at $1.1 billion, though Segment Adjusted EBITDAR there dropped 15% to $257 million, partly due to a $21 million increase in intercompany branding license fee expenses.
MGM Digital, which includes LeoVegas and other consolidated interactive gaming subsidiaries but excludes the BetMGM North America joint venture, was a bright spot on the growth side. The unit posted revenue of $196 million, up 20% from $164 million in the same quarter last year, though it still posted a Segment Adjusted EBITDAR loss of $31 million, slightly wider than the $26 million loss a year prior as the company continues to invest in scaling its online gaming footprint.
What It Means Going Forward
The quarter reinforces a narrative that’s held for MGM in recent periods: Las Vegas Strip strength offsetting softer regional and international results, while digital gaming grows quickly but hasn’t yet turned a profit. For bettors and casino customers watching the broader Las Vegas market, continued Strip growth suggests operators are still finding ways to squeeze more spending out of visitors even amid a more cautious consumer environment nationally. Anyone weighing a Las Vegas trip built around casino gaming or sportsbook action will likely see operators lean further into that momentum with new promotions and amenities in the months ahead.
Shares of MGM Resorts closed at $45.83 on the Nasdaq following the earnings release, down $0.37, or 0.8%, on the day.
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