secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0000789570-26-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGM Resorts Q1: record $4.5B revenue (+4%); net income $125M (-16%); Adj. EBITDA $580M (-9%)
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- Consolidated net revenues $4.5B (+4% YoY); net income $125M vs $149M; diluted EPS $0.48 vs $0.51.
- Consolidated Adj. EBITDA $580M vs $637M; Adj. EPS $0.49 vs $0.69.
- Las Vegas Strip EBITDAR $749M (-8%); Regional EBITDAR $259M (-7%); MGM China EBITDAR $273M (-4%).
- BetMGM North America Venture turned profitable: MGM share of income $7.4M vs -$15.2M loss.
- Closed sale of MGM Northfield Park for $546M in April 2026; repurchased ~2M shares for $90M in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000078957026000034/0000789570-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000078957026000034/mgm-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000789570-26-000034

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