MGM Resorts International (MGM) EBITDA (2009 - 2026)

MGM Resorts International (MGM) reported EBITDA of $301.2 million for Q1 2026, down 21.77% on a YoY basis from $385.1 million in Q1 2025, and down 7.31% sequentially from $325.0 million in Q4 2025.

MGM Resorts International (MGM) EBITDA (2009 - 2026) Analysis & Trends

MGM Resorts International (MGM) has 18 years of EBITDA data on file, last reported at $301.2 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 21.77% year-over-year to $301.2 million; the trailing twelve-month figure through Mar 2026 stood at $918.0 million (down 35.22% YoY), and the FY2025 full-year result was $1.0 billion, down 32.79% from the prior year.
  • EBITDA eased to $301.2 million in Q1 2026, from $325.0 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $2.4 billion in Q2 2022 to a low of -$1.0 billion in Q3 2022.
  • A 5-year average of $360.3 million and a median of $369.9 million in 2023 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA sank 155.26% in 2022 and jumped 22217.3% in 2023, its largest moves.
  • Tracing MGM's EBITDA over 5 years: stood at -$1.9 million in 2022, then jumped by 22217.3% to $419.3 million in 2023, then sank by 30.47% to $291.6 million in 2024, then increased by 11.47% to $325.0 million in 2025, then slipped by 7.31% to $301.2 million in 2026.
  • Business Quant data shows MGM's EBITDA at $301.2 million in Q1 2026, $325.0 million in Q4 2025, and -$112.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 904.00 Mn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 301.24 Mn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 282.60 Mn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 163.99 Mn
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - 380.98 Mn
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 500.00 Mn
7 Vail Resorts 5.23 Bn 5.21 Bn - 494.13 Mn
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 84.00 Mn
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 143.68 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 80.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 301.24 Mn
Dec 31, 2025 325.01 Mn
Sep 30, 2025 -112.85 Mn
Jun 30, 2025 404.57 Mn
Mar 31, 2025 385.06 Mn
Dec 31, 2024 291.57 Mn
Sep 30, 2024 314.86 Mn
Jun 30, 2024 425.66 Mn
Mar 31, 2024 458.38 Mn
Dec 31, 2023 419.34 Mn
Sep 30, 2023 369.94 Mn
Jun 30, 2023 371.38 Mn
Mar 31, 2023 730.84 Mn
Dec 31, 2022 -1.90 Mn
Sep 30, 2022 -1.05 Bn
Jun 30, 2022 2.38 Bn
Mar 31, 2022 105.79 Mn
Dec 31, 2021 368.85 Mn
Sep 30, 2021 1.89 Bn
Jun 30, 2021 263.76 Mn