---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-25-000005"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T23:09:10.021243+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGM Resorts Q4 net income $157M, EPS $0.52 vs $0.92, Adjusted EPS $0.45 vs $1.06; full-year record revenue $17.2B

## Summary
- Q4 consolidated net revenue $4.3B (-1% YoY); net income $157M vs $313M; Consolidated Adj. EBITDA $528M vs $632M.
- Las Vegas Strip Resorts Q4 revenue down 6% to $2.2B; segment Adj. EBITDAR down 11% to $765M on prior-year F1 strength.
- MGM China full-year segment Adj. EBITDAR record $1.1B (+25% YoY); Q4 net revenue up 4% to $1.0B.
- Repurchased 33M shares for $1.4B in 2024; remaining buyback authorization $826M as of Dec 31, 2024.
- BetMGM expects profitability in 2025; Q4 unconsolidated affiliate loss of $42M vs prior-year $0.8M gain.

## SEC filing metadata
- accession: 0000789570-25-000005
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957025000005/0000789570-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957025000005/mgm-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-25-000005
- JSON: https://secwatch.observer/filing/0000789570-25-000005.json
- Plain text: https://secwatch.observer/filing/0000789570-25-000005.txt

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