MGM Resorts

Q2 FY2026 EarningsQ2 FY26 results were mixed, with revenue beat of $4.45B vs. $4.42B expected, supported by a 3% YoY growth in Las Vegas Strip Resorts. While GAAP EPS of $1.11 significantly outperformed the $0.73 consensus due to a $287M one-time gain from property transactions, Adjusted EPS of $0.59 was nearly in-line with the $0.58 mean estimate. MGM Digital stood out with 20% YoY growth, though Regional and China operations saw EBITDAR pressure, leading to a consolidated Adjusted EBITDA miss of $610M vs. prior year's $648M.