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MGM (MGM) Reports Q4 Earnings: What Key Metrics Have to Say

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For the quarter ended December 2025, MGM Resorts (MGM - Free Report) reported revenue of $4.61 billion, up 6% over the same period last year. EPS came in at $1.60, compared to $0.45 in the year-ago quarter.

The reported revenue represents a surprise of +3.63% over the Zacks Consensus Estimate of $4.44 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +151.14%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how MGM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Las Vegas Strip Resorts - Slots Handle: $6,842.00 versus the three-analyst average estimate of $6,792.14.
  • Las Vegas Strip Resorts - Slots Win: $642.00 versus $633.92 estimated by three analysts on average.
  • Las Vegas Strip Resorts - Table Games Drop: $1,698.00 versus the three-analyst average estimate of $1,591.00.
  • Las Vegas Strip Resorts - Table Games Win: $473.00 versus the three-analyst average estimate of $388.47.
  • Las Vegas Strip Resorts - Revenue per Available Room (REVPAR): $228.00 compared to the $238.72 average estimate based on two analysts.
  • Las Vegas Strip Resorts - Occupancy: 91% compared to the 90.5% average estimate based on two analysts.
  • Revenues- Las Vegas Strip Resorts: $2.17 billion versus the five-analyst average estimate of $2.16 billion. The reported number represents a year-over-year change of -2.6%.
  • Revenues- Regional Operations: $950.43 million versus the five-analyst average estimate of $943.46 million. The reported number represents a year-over-year change of +2%.
  • Revenues- MGM China: $1.24 billion versus the five-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +21.4%.
  • Revenues- MGM Digital: $188.24 million compared to the $163.17 million average estimate based on three analysts.
  • Revenues- Management and other operations: $64.09 million compared to the $33.01 million average estimate based on two analysts.
  • Adjusted Property EBITDA- Las Vegas Strip Resorts: $735.35 million versus $712.57 million estimated by five analysts on average.

View all Key Company Metrics for MGM here>>>

Shares of MGM have returned +8.2% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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