MGM Q4 net income $294M (+87% YoY), adj EBITDA $635M (+20%); China +30%

MGM Resorts International

2025-FY EPS reported $0.76 revenue$17,537,683,000

Q4 consolidated revenue $4.6B (+6% YoY); net income attributable to MGM $294M vs $157M.
Consolidated Adjusted EBITDA $635M (+20%); Las Vegas Strip EBITDAR -4% to $735M.
MGM China revenue $1.2B (+21%), segment EBITDAR $332M (+30%).
Repurchased 15M shares ($516M) in Q4; 37.5M shares in 2025; $1.6B remaining authorization.
BetMGM North America distributed $135M to MGM in Q4; full year adjusted EPS $3.31 vs $2.59.

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