MGM Resorts Confirms $150M EBITDA Enhancement Plan on Track
ByAinvest
Wednesday, Jul 30, 2025 8:36 pm ET1min read
MGM--
MGM Resorts' Chief Executive Officer and President, Bill Hornbuckle, highlighted the company's operational scale and diversity in driving this growth. The company's adjusted EBITDA grew to $648 million in the second quarter, up from $635 million in the prior year. Additionally, the company reported a diluted earnings per share (EPS) of $0.79, a 36.21% beat over the Zacks Consensus Estimate of $0.58 [1].
The company's Las Vegas Strip Resorts segment saw a 4% decrease in net revenues to $2.1 billion due to the impact of a room remodel and a decline in table games hold at MGM Grand Las Vegas. However, Regional Operations and MGM China showed strong performance, with Regional Operations' net revenues increasing by 4% to $965 million, and MGM China's net revenues rising by 9% to $1.1 billion [1].
MGM Resorts also made significant strides in its digital segment, with net revenues increasing by 14% to $164 million. The company's Chief Financial Officer and Treasurer, Jonathan Halkyard, noted that the company is on track to implement over $150 million of EBITDA enhancements within the year. During the second quarter, the company repurchased 8 million shares for $217 million, reducing shares outstanding by 45% since the beginning of 2021 [1].
MGM Resorts' stock has added about 8% since the beginning of the year, closely following the S&P 500's gain of 8.3%. The company's earnings outlook, as measured by the Zacks Rank, currently stands at #3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [2].
References:
[1] https://finance.yahoo.com/news/mgm-resorts-mgm-beats-q2-213003514.html
[2] https://investors.mgmresorts.com/investors/news-releases/press-release-details/2025/MGM-RESORTS-INTERNATIONAL-REPORTS-RECORD-SECOND-QUARTER-2025-FINANCIAL-AND-OPERATING-RESULTS/default.aspx
MGM Resorts reports progress on implementing $150M of EBITDA enhancements, with a focus on improving its financial performance. The company is taking steps to elevate its investing strategy and provide investors with more confidence in their decisions. TipRanks Premium offers advanced data and expert insights to help investors make informed decisions.
MGM Resorts International (MGM) has reported significant progress in implementing its $150 million EBITDA enhancement plan, aimed at bolstering the company's financial performance. The company's second-quarter 2025 results, released on July 30, 2025, showed a record net revenue of $4.4 billion, marking a 2% increase year-over-year. This growth was primarily driven by record performances in Regional Operations and MGM China, alongside strong revenue growth in the BetMGM venture [1].MGM Resorts' Chief Executive Officer and President, Bill Hornbuckle, highlighted the company's operational scale and diversity in driving this growth. The company's adjusted EBITDA grew to $648 million in the second quarter, up from $635 million in the prior year. Additionally, the company reported a diluted earnings per share (EPS) of $0.79, a 36.21% beat over the Zacks Consensus Estimate of $0.58 [1].
The company's Las Vegas Strip Resorts segment saw a 4% decrease in net revenues to $2.1 billion due to the impact of a room remodel and a decline in table games hold at MGM Grand Las Vegas. However, Regional Operations and MGM China showed strong performance, with Regional Operations' net revenues increasing by 4% to $965 million, and MGM China's net revenues rising by 9% to $1.1 billion [1].
MGM Resorts also made significant strides in its digital segment, with net revenues increasing by 14% to $164 million. The company's Chief Financial Officer and Treasurer, Jonathan Halkyard, noted that the company is on track to implement over $150 million of EBITDA enhancements within the year. During the second quarter, the company repurchased 8 million shares for $217 million, reducing shares outstanding by 45% since the beginning of 2021 [1].
MGM Resorts' stock has added about 8% since the beginning of the year, closely following the S&P 500's gain of 8.3%. The company's earnings outlook, as measured by the Zacks Rank, currently stands at #3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [2].
References:
[1] https://finance.yahoo.com/news/mgm-resorts-mgm-beats-q2-213003514.html
[2] https://investors.mgmresorts.com/investors/news-releases/press-release-details/2025/MGM-RESORTS-INTERNATIONAL-REPORTS-RECORD-SECOND-QUARTER-2025-FINANCIAL-AND-OPERATING-RESULTS/default.aspx
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet