)
MGM Resorts International (MGM) investor relations material
MGM Resorts International Status Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Financial performance and guidance
Upgraded 2025 guidance: EBITDA expected at ~$200 million and revenue at least $2.75 billion, reflecting strong business momentum and outperformance in July and August.
Q3 net revenue reached $667 million, up 23% year over year, with EBITDA at $41 million; year-to-date revenue up 31% and EBITDA at $150 million.
At least $200 million in excess cash will be returned to parent companies by year-end, with quarterly distributions and a target minimum unrestricted cash balance of $100 million.
Ample liquidity with more than $250 million available, including a $150 million undrawn credit facility.
Expectation to achieve more than $500 million of Contribution, with positive Contribution from Online Sports.
Operational highlights and product enhancements
Launched live Same Game Parlays and SGP cashout for NFL season, upgraded rewards dashboard, and introduced a new brand campaign featuring Jon Hamm and Derek Jeter.
Released exclusive omnichannel and branded casino games, including The Price is Right franchise and NFL team partnerships, driving strong cross-sell and engagement.
App improvements include faster performance, enhanced features, and a more stable experience, supporting acquisition and retention strategies.
Enhanced product and user experiences led to growth in player activity and retention.
Cross-selling promotions between Online Sports and iGaming during NFL season.
Strategic initiatives and market outlook
Focused on disciplined player acquisition and retention, targeting higher value cohorts and improving payback economics.
Omnichannel strategy continues to drive value, with ongoing recruitment from physical venues and new onboarding processes in Nevada.
Preparing to launch online sports in Missouri in December, the first new jurisdiction since North Carolina in March 2024.
Legislative focus for 2026 includes potential sports betting in Alabama, Nebraska, Mississippi, Minnesota, and Georgia, and iGaming in Maryland, New York, Illinois, Virginia, Indiana, and D.C.
Secured podium position with 15% GGR market share in active markets, including 21% in iGaming and 8% in Online Sports.
Next MGM Resorts International earnings date
Next MGM Resorts International earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)