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MGM Resorts Q3 2025 Report Shows Stable Growth

MGM Resorts’ Q3 earnings were right in line with projections, as revenue was up slightly but earning per share dropped

MGM Resorts reported stable growth in Q3.
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Ian St. Clair Avatar
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State of Play: MGM Resorts’ latest quarterly earnings align with analyst expectations, showcasing stable revenue growth amidst mixed performance metrics. This report is significant for US bettors as it highlights the financial health of a key player in the casino, real-money online casino, sports betting, and hospitality sectors.

In Q3 of 2025, MGM Resorts reported revenue of $4.25 billion, reflecting a 1.6% increase from the previous year and meeting Wall Street’s projections of $4.24 billion. However, the company’s adjusted earnings per share fell short of expectations, coming in at $0.24 compared to the anticipated $0.30 – a decline of nearly 20%.

MGM Resorts CEO Bill Hornbuckle emphasized the company’s operational resilience and highlighted notable growth in its MGM China properties, showcasing the firm’s strategic advantages despite overall profitability being impacted.

Boosting engagement could be MGM’s strategy in Q4

MGM’s performance offers insights into the health of the hospitality and gaming industry, including its BetMGM Online Casino.

While the 1.6% revenue growth is encouraging, the significant miss in both operating margin and adjusted EBITDA suggests potential challenges ahead, which may influence casino offerings and promotions.

Players may notice shifts in service quality or new marketing strategies aimed at boosting engagement, as the company seeks to navigate its recent revenue trends.

With the projected stagnation in revenue growth over the next year, operators will need to remain agile and innovative to attract and retain players in a competitive market.

As MGM prepares for future quarters, investors and bettors alike should watch for strategic adjustments in operational efficiencies and marketing approaches. Analysts expect revenue trends to remain flat, which may indicate a need for the company to innovate its service offerings.

We saw this in action when MGM released an updated app for the BetMGM Sportsbook. It was released in time for the start of the NFL season in September. The updated app presented a cleaner and more user-friendly experience for bettors. It also addressed some of the bugs that had been present in the BetMGM Sportsbook app over the last few years.

Similar moves could be in the works for MGM as it looks ahead to Q1 for 2026 and beyond.

The industry’s response to these challenges will reveal broader market trends that could impact betting experiences and profitability at US casinos.

Based on reporting by Yahoo Finance.

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Ian St. Clair is a lover of words, vocal or written. Naturally, that makes Ian a great communicator and leader. Ian is curious and driven, always looking to improve, and always welcomes a challenge. Ian is authentic, possesses high-level emotional intelligence, and knows just when to crack a joke. A University of Northern Colorado graduate, Ian is now an expert in the online gambling field in the US, where he's been for over five years. Ian also has over a decade of journalism experience covering college and professional athletics, as well as the symphony and theater. Ian's a lover of history, news, and bacon. Oh, and tacos.

View all posts by Ian St. Clair

Ian St. Clair is a lover of words, vocal or written. Naturally, that makes Ian a great communicator and leader. Ian is curious and driven, always looking to improve, and always welcomes a challenge. Ian is authentic, possesses high-level emotional intelligence, and knows just when to crack a joke. A University of Northern Colorado graduate, Ian is now an expert in the online gambling field in the US, where he's been for over five years. Ian also has over a decade of journalism experience covering college and professional athletics, as well as the symphony and theater. Ian's a lover of history, news, and bacon. Oh, and tacos.

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