| MGM |
Report |
Consolidated adjusted EBITDA |
BEAT |
pred ~$635M vs. cons $623.1M |
MEDIUM |
| MGM |
Report |
Las Vegas property EBITDAR |
IN-LINE |
pred ~$725M vs. cons $719.5M |
MEDIUM |
| MGM |
Report |
MGM China property EBITDAR |
MISS |
pred ~$272M vs. cons $278.0M |
MEDIUM |
| MGM |
Guide |
Las Vegas EBITDA outlook (FY26) |
UNCHANGED |
reiterate growth; implied ~$2.81B vs. cons $2.807B |
MEDIUM |
| MGM |
Guide |
MGM China margin outlook (FY26) |
UNCHANGED |
reiterate mid-20s margin; consensus UNVERIFIED |
LOW |
| MGM |
Guide |
MGM Digital / BetMGM profitability commentary (FY26) |
UNCHANGED |
reiterate narrower losses / returns focus; consensus UNVERIFIED |
LOW |
| MGM |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.0% |
— |
LOW |
| MGM |
Return |
5-day cumulative residual |
-3.0% (FOLLOW-THROUGH) |
FOLLOW-THROUGH — Macau miss pressures forward estimates |
LOW |