MGM Resorts reported a 1% decline in Q3 revenue and an 8% drop in Las Vegas room rates, impacting profitability. However, MGM China gained market share, and BetMGM more than doubled its quarterly adjusted EBITDA to $86 million. People Inc. withdrew its takeover proposal, removing an immediate catalyst, but MGM now has more flexibility to repurchase shares under an amended agreement. The FY2026 EBITDA forecast was lowered by about 10%, but after a 35% share price drop, the valuation still supports a Buy rating.
MGM Resorts trades at USD 29.96 on Pluang as of Nov 01, 2026 00:21 WIB, showing a notable 3.92% gain in one day despite recent earnings challenges. The stock remains well below its 52-week high of USD 50.69, with a market cap of $7.58 billion and a high enterprise value of $34.60 billion. Pluang users currently have a 100% sell order activity, reflecting mixed sentiment amid the company’s earnings update and strategic shifts.
MGM Resorts International reported $4.2 billion in revenue for Q3 2026, a slight 1% decline from the previous year, with a net loss of $17 million, significantly improved from a $285 million loss in Q3 2025. Growth was led by MGM China, which saw a 5...
MGM Resorts International updated its voting agreement with major shareholder People Incorporated following the withdrawal of People's acquisition proposal. The amended deal ensures People and related parties will vote their shares according to the B...
