MGM Resorts International (MGM) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter rose compared to both the immediately preceding period and the same period one year earlier. The sequential increase followed a stable trend over the prior quarters.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter rose compared to both the immediately preceding period and the same period one year earlier. The sequential increase followed a stable trend over the prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
+8.3%
Change from the immediately preceding quarter.
Year-over-year
+6.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.5B
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 |
|---|---|---|
| Mar 31, 2025 | $4.3B | -2.4% |
| Jun 30, 2025 | $4.4B | +1.8% |
| Sep 30, 2025 | $4.3B | +1.6% |
| Dec 31, 2025 | $4.6B | +6.0% |
Revenue performance
The reported revenue direction was upward, marking a continuation of growth. The quarterly performance reflected higher revenue than in the prior three-month period.
Quarterly comparison
Compared with the previous quarter, revenue increased, reversing the slight decline seen in the prior sequential period. It also exceeded the level from one year earlier.
What to watch
The company reported a large swing in effective tax rate driven by a valuation allowance change, which could influence reported profitability in subsequent periods.