---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-23-000018"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:37:16.613110+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MGM Q2 net revs $3.9B (+21% YoY); MGM China EBITDAR $209M vs -$52M; $626M buyback; Marriott licensing deal

## Summary
- Consolidated net rev $3.9B (record), +21% YoY; diluted EPS $0.55 vs $4.20 (prior year had $2.3B gain on MGP sale).
- MGM China net rev $741M (+418% YoY, +5% vs Q2 2019); Adj Property EBITDAR $209M vs -$52M; margin 28.3%.
- Las Vegas Strip net rev $2.1B (flat YoY); Adj Property EBITDAR $777M (-6% YoY); margin 36.2% vs 38.6%.
- Repurchased ~15M shares for $626M in Q2; $1.4B remaining under buyback plan as of June 30.
- Announced long-term license agreement with Marriott International to expand customer booking channel and drive profitability.

## SEC filing metadata
- accession: 0000789570-23-000018
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957023000018/0000789570-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957023000018/mgm-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-23-000018
- JSON: https://secwatch.observer/filing/0000789570-23-000018.json
- Plain text: https://secwatch.observer/filing/0000789570-23-000018.txt

## Key facts
- Earnings Releases
  MGM Resorts International reported the quarter ended June 30, 2023 results: revenue $3.9 billion, net income $201 million, EPS $0.55.
  - Period: the quarter ended June 30, 2023
  - Revenue: $3.9 billion
  - Net income: $201 million
  - EPS: $0.55
  - Result: reported results
  source text: said Jonathan Halkyard, Chief Financial Officer and Treasurer of MGM Resorts. Second Quarter 2023 Financial Highlights: Consolidated Results • Consolidated net revenues of $3.9 billion, an increase of 21% compared to the prior year quarter, due primarily to the removal of COVID-19 related entry restrictions in Macau; • Operating income was $371 million compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000078957023000018/0000789570-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.