MGM Resorts International (MGM) EBITDA (2009 - 2026)
MGM Resorts International's EBITDA came in at $401.29 million for Q3 2026, up 160.1% from $154.25 million a year earlier but down 49.3% from the prior quarter.
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Analysis
MGM Resorts International (MGM) EBITDA (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, MGM Resorts International reported EBITDA of $2.37 billion, up 22.2% year-over-year; for FY2025, it came in at $2.05 billion, down 12.9% from FY2024.
- EBITDA has declined in each of the last three years, though with a five-year compound annual growth rate of 27.7% (FY2020 to FY2025).
- Going back by year, EBITDA was $2.35 billion in FY2024 (-14.1%), $2.73 billion in FY2023 (-44.8%), $4.95 billion in FY2022 (+42.8%) and $3.47 billion in FY2021 (+475.9%).
- The five-year range for quarterly EBITDA is $154.25 million (Q3 2025) to $2.76 billion (Q2 2022).
- Year-over-year, EBITDA increased in four of the last eight quarters, with growth averaging 12.5%.
- The fastest year-over-year change in EBITDA over five years came in Q1 2022 (growth of 655.1%), and the weakest in Q3 2022 (a decline of 83.2%).
- Business Quant data shows MGM's EBITDA at $792.27 million (Q2 2026), $571.34 million (Q1 2026) and $610.1 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 994.00 Mn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -786.00 Mn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 243.96 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 12.17 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 356.11 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 401.29 Mn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 32.94 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 347.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 204.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 823.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 401.29 Mn |
| Jun 30, 2026 | 792.27 Mn |
| Mar 31, 2026 | 571.34 Mn |
| Dec 31, 2025 | 610.10 Mn |
| Sep 30, 2025 | 154.25 Mn |
| Jun 30, 2025 | 653.58 Mn |
| Mar 31, 2025 | 628.32 Mn |
| Dec 31, 2024 | 507.63 Mn |
| Sep 30, 2024 | 554.88 Mn |
| Jun 30, 2024 | 624.32 Mn |
| Mar 31, 2024 | 661.96 Mn |
| Dec 31, 2023 | 631.64 Mn |
| Sep 30, 2023 | 578.73 Mn |
| Jun 30, 2023 | 581.63 Mn |
| Mar 31, 2023 | 941.47 Mn |
| Dec 31, 2022 | 1.43 Bn |
| Sep 30, 2022 | 366.68 Mn |
| Jun 30, 2022 | 2.76 Bn |
| Mar 31, 2022 | 404.71 Mn |
| Dec 31, 2021 | 676.07 Mn |
API Access
MGM Resorts International EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "MGM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();