MGM Resorts reported that its joint-venture digital arm, BetMGM, generated positive cash flow in 2023, delivering adjusted EBITDA of $220 million on revenue of $2.8 billion. This performance reflects a business mix weighted two-thirds toward iGaming, compared with peers that rely more heavily on sports wagering. The higher proportion of online casino offerings has supported consistent hold rates and reduced volatility quarter over quarter. MGM management highlighted that BetMGM’s stabilized digital cash flow now provides a strategic funding source for potential share repurchases or accelerated debt pay-down, which could lower leverage ratios below current mid-range targets and create financial flexibility if brick-and-mortar results soften.

In a procedural update, MGM Resorts announced on February 4, 2026, that it will advance the release date of its fourth quarter and full year 2025 financial results from February 11 to February 5, with a conference call scheduled at 5:00 p.m. Eastern Time that same day. Supplemental presentation slides will be posted on the Investor Relations website prior to the call. The change aims to provide investors and analysts with earlier visibility into year-end performance trends at the company’s 31 global resorts and its expanding online unit. A replay of the call will remain available through February 12, 2026.