MGM Resorts Q2 record rev $4.4B; net income down on $208M FX loss; BetMGM profitable

MGM Resorts International

2025-Q2 EPS reported $0.70 revenue$8,681,952,000

Consolidated net revenues record $4.4B (+2% YoY); net income $49M vs $187M due to $208M FX loss.
Consolidated Adjusted EBITDA $648M vs $635M; Adjusted EPS $0.79 vs $0.86.
Las Vegas Strip EBITDAR -9% to $710M on room remodel and lower hold; Regional Operations +7% to $309M.
MGM China revenues +9% to $1.1B; Segment EBITDAR +3% to $301M; market share 16.6%.
BetMGM venture turned profitable: $21.8M vs -$38.4M share; guidance upgraded to $500M EBITDA target.

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