Loading
Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for MGM Resorts (MGM) is 5/10.
MGM's Q1 2026 marked a turning point as Las Vegas revenue grew for the first time in six quarters, powered by strong convention performance with record Q1 ADRs and the return of CON/AGG. However, EBITDA lagged due to a $37 million self-insurance charge that management characterized as an unusual onetime item tied to frivolous litigation, plus $31 million in lower business interruption proceeds. The all-inclusive package at Luxor and Excalibur showed early promise in attracting first-time visitors, while the broader portfolio continued demonstrating diversity with MGM Digital revenue growing 43% and Macau holding above 15% share despite new branding fee headwinds. Japan construction progressed on schedule with 40% of piles complete, and the Northfield Park sale closed, freeing capital for reaccelerating share repurchases at what management views as deeply discounted valuations.
Scored from MGM Resorts’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.35B | -1.4% | $0.52 | -43.5% | 6.7% | 3.6% | $268M |
| FY2025 Q1 | $4.28B | -2.4% | $0.51 | -23.9% | 9.0% | 3.5% | $319M |
| FY2025 Q2 | $4.40B | +1.8% | $0.18 | -70.0% | 9.2% | 1.1% | $377M |
| FY2025 Q3 | $4.25B | +1.6% | $-1.05 | -272.1% | -2.7% | -6.7% | $405M |
| FY2025 Q4 | $4.61B | +6.0% | $1.11 | +113.5% | 7.1% | 6.4% | $536M |
| FY2026 Q1 | $4.45B | +4.2% | $0.48 | -5.9% | 6.8% | 2.8% | $413M |
| FY2026 Q2 | $4.45B | +1.0% | $1.11 | +516.7% | 11.3% | 6.6% | $317M |
Full Pro access for 30 days when you create a free account. No credit card required.