MGM Resorts Q2 revenue, adjusted profit beats estimates

Overview

• MGM Resorts Q2 2025 revenue of $4.4 bln beats analyst expectations, per LSEG data

• Adjusted EPS for Q2 2025 beats consensus, per LSEG data

• Co in Q2 repurchased 8 mln shares, reducing shares outstanding by 45% since 2021

Outlook

• BetMGM aims for $500 mln in EBITDA in future

• MGM Digital expected to become profitable in coming years

• Company on track to implement $150 mln in EBITDA enhancements within the year

Result Drivers

• RECORD REVENUE - MGM Resorts achieved record consolidated net revenues driven by MGM China and regional operations

• BETMGM GROWTH - BetMGM venture reported strong revenue and EBITDA growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the casinos & gaming peer group is "buy"

• Wall Street's median 12-month price target for MGM Resorts International is $48.00, about 22.1% above its July 29 closing price of $37.41

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPnblWwyCa