secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0000789570-26-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000078957026000013/0000789570-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000078957026000013/mgm-20260205.htm
  HTML page:      https://secwatch.observer/filing/0000789570-26-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer