MGM Resorts International (MGM) Revenue — Quarter Ended Sep 30, 2025
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter last year. The sequential decrease marks a reversal from the prior quarter's growth.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter last year. The sequential decrease marks a reversal from the prior quarter's growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
+1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $4.3B | -0.7% |
| Mar 31, 2025 | $4.3B | -2.4% |
| Jun 30, 2025 | $4.4B | +1.8% |
| Sep 30, 2025 | $4.3B | +1.6% |
Revenue performance
The reported revenue reflects a decrease from the prior quarter, ending a period of sequential growth. Year-over-year, however, revenue was higher.
Quarterly comparison
Compared to the previous quarter, revenue fell, while compared to the same quarter one year earlier, it increased.
What to watch
The sequential decline in revenue contrasts with the year-over-year increase, suggesting a potential shift in quarterly trends.