MGM MGM Resorts

Q3 2025 10-Q

Filed: Oct 29, 2025Period ending Sep 30, 2025

Real Estate

Hotels & MotelsSEC EDGAR

MGM Resorts (MGM) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $4.25B Q3 2025, up 2% YoY from $4.18B; 9-month flat at $12.93B vs $12.89B
• Operating loss Q3 2025 $(113M) vs income $315M YoY; operating margin -2.7% vs 7.5% YoY

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Risk Factors

• No new or changed risk factors from 2024 Annual Report on Form 10-K
• Continued exposure to gaming regulation and compliance risks across multiple jurisdictions

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Quarterly Financial Summary
XBRL

Revenue

$4.3B

▲ +1.6% YoY▼ -3.5% QoQ

Net Income

-$285M

▼ -254.5% YoY▼ -682.7% QoQ

Operating Margin

-2.7%

▼ -1018bp YoY▼ -1184bp QoQ

Net Margin

-6.7%

▼ -1112bp YoY▼ -782bp QoQ

ROE

-10.7%

Total Assets

$41.4B

EPS (Diluted)

$-1.02

▼ -267.2% YoY▼ -636.8% QoQ

Operating Cash Flow

$681M

▲ +2.1% YoY▲ +5.5% QoQ

Source: XBRL data from MGM Resorts Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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