Mgm Resorts Reports Second Quarter 2025 Growth With Record-breaking Ebitda: Expands Portfolio With New Resorts And Strategic Investments

Thursday, July 31, 2025

MGM Resorts International has reported beardown capacity for nan 2nd quarter, 2025. The company’s capacity is built connected beardown gross maturation and coagulated operational execution, including ongoing momentum astatine BetMGM, coagulated location operations, and maturation astatine MGM China.

CEO Bill Hornbuckle shared his optimism for nan future, noting that while nan 2nd quarter’s results fell somewhat short of expectations, MGM is assured successful its trajectory for nan remainder of nan year, particularly successful Las Vegas. Hornbuckle emphasized that pinch important superior investments planned, specified arsenic nan completion of nan MGM Grand room remodel and nan beardown normal bookings for nan upcoming quarters, MGM is well-positioned for sustained growth.

Quarterly Financial Performance and Strategic Highlights

MGM Resorts International Q2 Results Summary For nan fiscal 4th ended June 30, 2025, MGM Resorts posted nett revenues of $4.4 billion, which was up 2% from nan prior-year quarter. The maturation was led by MGM China and location operations.

Net income attributable to MGM Resorts tumbled to astir $49 million, down from $187 cardinal a twelvemonth earlier. This alteration was chiefly owed to nan pre-tax overseas rate transaction nonaccomplishment of $208 million, caused by USD-denominated indebtedness wrong a overseas subsidiary. Adjusted EBITDA for nan 4th reached $648 million, an summation from nan $635 cardinal recorded successful nan aforesaid play of 2024, showing beardown operational capacity contempt immoderate of nan challenges.

Diluted net per stock (EPS) was $0.18, arsenic compared to $0.60 for nan prior-year quarter. Adjusted EPS for nan 4th was $0.79, down from $0.86 successful Q2 2024. While these results do bespeak a fewer operational challenges, they besides show MGM was capable to play to its strengths and protect its position arsenic a leader successful hospitality and entertainment.

Las Vegas Strip Resorts Performance and Capital Investment Plans

MGM’s Las Vegas Strip properties, which correspond a large portion of nan company’s business, saw a mini alteration successful nett revenues for nan 2nd 4th 2025, of $2.1 billion, aliases 4% little than nan aforesaid play of past year. This diminution is chiefly attributable to nan ongoing $300 cardinal renewal for nan 4,212 rooms and suites astatine MGM Grand, which had a transient effect connected room availability. Notwithstanding nan construction, MGM Resorts is still assured that this redevelopment will committedness a much modern and enriching impermanent experience.

As portion of nan business’s ongoing finance successful Las Vegas, MGM will besides recognize important benefits from normal bookings successful nan first half of 2025. The edifice renovations, arsenic good arsenic caller arena spaces and offerings, are expected to bring much visitors to nan city, peculiarly arsenic nan world system and recreation bounce back.

Regional Operations and International Success

Regional operations MGM Resort’s location operations saw beardown maturation during nan 2nd 4th of 2025, arsenic nett revenues accrued 4% to $965 million. This maturation was chiefly owed to higher casino gross and accrued array games driblet and slot handle. These robust results proceed to exemplify nan sustained spot of MGM’s location resorts, which benefited from nan betterment successful home recreation and a surge successful user spending successful location markets.

On nan world side, MGM China continued its maturation pinch a 9% nett gross uptick to $1.1 billion. That was led by higher casino revenue, chiefly from main level array games, and a greater VIP array games triumph percentage. MGM Resorts has beardown condemnation that nan ongoing occurrence of MGM China is among 1 of nan cardinal drivers for its world maturation initiative.

BetMGM and Digital Growth

BetMGM, nan company’s sports betting and online gaming venture, is simply a cardinal attraction of MGM’s maturation strategy. The associated task pinch Entain has delivered important year-over-year growth, pinch Q2 2025 gross rising by 36%, driven by a 56% summation successful online sports betting and a 29% summation successful iGaming revenue. BetMGM’s continued description is expected to push it person to its extremity of $500 cardinal successful EBITDA by 2026.

In consequence to this success, MGM has raised its full-year gross forecast for BetMGM to $2.7 billion, up from nan erstwhile estimate of $2.6 billion. BetMGM’s ongoing maturation successful integer channels positions MGM Resorts to pat into caller gross streams, enhancing its financial capacity complete nan agelong term.

New Developments and Future Outlook

In nan future, MGM Resorts will build connected its increasing innovational portfolio and proceed to activity further spot developments domestically and internationally. In Las Vegas, MGM Grand gets a face-lift, but nan greenish eyeshades aren’t going distant erstwhile it comes to making customers happy and early growth. MGM Resorts is besides still making world bets, including awesome developments successful markets for illustration Japan.

Among different large developments are MGM’s integrated edifice successful Osaka, Japan, to unfastened by 2030. And boasts a luxury hotel, casino, theater, retail, and dining. This $8.07 cardinal task is simply a immense move for MGM arsenic it looks to summation its beingness successful Asia. MGM is besides looking to turn its U.S. capacity pinch a bid of smaller location developments that are designed to consolidate its clasp connected home markets still further.

Share Repurchases and Capital Allocation

MGM Resorts is besides focused connected maximizing shareholder worth done strategical investments and stock repurchases. In Q2 2025, nan institution repurchased 8 cardinal shares for $217 million. The institution still has astir $2.1 cardinal remaining successful its authorized stock repurchase program, which it plans to utilize complete nan coming months to further heighten shareholder returns.

Conclusion: MGM Resorts Looks to nan Future pinch Confidence

MGM Resorts continues to consciousness optimistic successful their handling of nan coming adversity and its early course. MGM’s investments successful Las Vegas, regional, and world properties should group nan shape for a beardown 2nd half of nan year. Its attraction to increasing BetMGM, transforming existent property properties, and expanding its scope successful strategical world markets bodes good for MGM Resorts’ early position arsenic an manufacture leader successful hospitality and entertainment.

With its wide and heavy customer engagement, MGM Resorts has knowledgeable little gross nonaccomplishment successful 2020 than its peers and is good positioned to proceed connected its way to semipermanent occurrence and worth creation for its shareholders and to providing customers pinch best-in-class experiences.