---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-25-000032"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T23:21:05.467123+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000789570-25-000032
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957025000032/0000789570-25-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957025000032/mgm-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-25-000032
- JSON: https://secwatch.observer/filing/0000789570-25-000032.json
- Plain text: https://secwatch.observer/filing/0000789570-25-000032.txt

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