MGM Resorts Q4 Revenue Rises 5%, Approves $1 Billion Buyback
MGM Resorts International reported Q4 net revenue of $4.8 billion, up 5% year-over-year, and adjusted EBITDA of $1.35 billion, a 7% increase. The company authorized a $1 billion share repurchase program and reaffirmed full-year 2026 adjusted EPS guidance of $3.60–$3.80.
1. Q4 Financial Results
MGM Resorts delivered net revenue of $4.8 billion in Q4, marking a 5% rise from the prior year, while adjusted EBITDA reached $1.35 billion, up 7%, driven by higher casino win rates and robust hotel occupancy across its portfolio.
2. Share Repurchase and Capital Return
During the call, management announced a new $1 billion share repurchase authorization to commence in Q2 2026, reflecting confidence in cash flow generation and a commitment to return capital to shareholders.
3. Guidance and Outlook
The company maintained its full-year 2026 adjusted EPS guidance at $3.60–$3.80, citing continued strength in leisure travel demand, ongoing cost controls, and a favorable Las Vegas Strip outlook.