Financial Performance - MGM Resorts reported revenue of $4.61 billion for the quarter ended December 2025, representing a 6% increase year-over-year [1] - The earnings per share (EPS) was $1.60, significantly up from $0.45 in the same quarter last year, indicating a surprise of +151.14% over the consensus estimate of $0.64 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $4.44 billion by +3.63% [1] Key Metrics - MGM's stock has returned +8.2% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The company currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance in the near term [3] Las Vegas Strip Operations - Slots Handle was reported at $6,842.00, slightly above the average estimate of $6,792.14 [4] - Slots Win was $642.00, exceeding the average estimate of $633.92 [4] - Table Games Drop was $1,698.00, above the average estimate of $1,591.00 [4] - Table Games Win was reported at $473.00, surpassing the average estimate of $388.47 [4] - Revenue per Available Room (REVPAR) was $228.00, below the average estimate of $238.72 [4] - Occupancy rate was 91%, slightly above the average estimate of 90.5% [4] - Revenues from Las Vegas Strip Resorts totaled $2.17 billion, a year-over-year decrease of -2.6%, but above the average estimate of $2.16 billion [4] Regional and International Operations - Revenues from Regional Operations were $950.43 million, slightly above the average estimate of $943.46 million, with a year-over-year increase of +2% [4] - MGM China reported revenues of $1.24 billion, significantly exceeding the average estimate of $1.12 billion, with a year-over-year increase of +21.4% [4] - MGM Digital revenues were $188.24 million, above the average estimate of $163.17 million [4] - Management and other operations generated $64.09 million, exceeding the average estimate of $33.01 million [4] Adjusted Property EBITDA - Adjusted Property EBITDA for Las Vegas Strip Resorts was $735.35 million, above the average estimate of $712.57 million [4]

Core Insights - MGM Resorts reported $4.4 billion in revenue for Q2 2025, a year-over-year increase of 1.8% and a surprise of +2.42% over the Zacks Consensus Estimate of $4.3 billion [1] - The EPS for the same period was $0.79, down from $0.86 a year ago, with an EPS surprise of +36.21% compared to the consensus estimate of $0.58 [1] Financial Performance Metrics - MGM's shares returned +1.4% over the past month, while the Zacks S&P 500 composite increased by +3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3] Las Vegas Strip Resorts Performance - Table Games Drop: $1,554.00 vs. $1,506.00 estimated [4] - Slots Win: $549.00 vs. $539.99 estimated [4] - Slots Handle: $5,886.00 vs. $5,775.24 estimated [4] - Table Games Win: $355.00 vs. $401.08 estimated [4] - Revenues for Las Vegas Strip Resorts: $2.11 billion vs. $2.15 billion estimated, representing a -4.1% change year-over-year [4] Regional Operations and MGM China - Revenues for Regional Operations: $964.61 million vs. $940.66 million estimated, a +4% year-over-year change [4] - Revenues for MGM China: $1.11 billion vs. $1.03 billion estimated, a +24.6% year-over-year change [4] Digital and Other Operations - Revenues for MGM Digital: $163.86 million vs. $172.4 million estimated [4] - Revenues for Management and Other Operations: $51.61 million vs. $173.2 million estimated, a -70.8% year-over-year change [4] Adjusted Property EBITDA - Adjusted Property EBITDA for Las Vegas Strip Resorts: $710.5 million vs. $740.76 million estimated [4] - Adjusted Property EBITDA for Regional Operations: $308.66 million vs. $288.97 million estimated [4] - Adjusted Property EBITDA for MGM China: $301.34 million vs. $270.26 million estimated [4]