MGM Resorts International (MGM) reported third-quarter financial results Wednesday after market close. Here are the highlights.

MGM Q3 Financials

MGM reported third-quarter revenue of $4.212 billion, down 1% year-over-year. The revenue total missed a Street consensus estimate of $4.226 billion, according to market data.

Revenue was the following by segment:

• Las Vegas: $2 billion, -2% year-over-year
• Regional: $883 million, -8%
• MGM China: $1.1 billion, +5%
• MGM Digital: $184 million, +6%

The company reported an adjusted loss of 11 cents per share, missing a Street estimate of a profit of 11 cents per share.

Lower room rates in the quarter hurt the Las Vegas segment, according to the company, with October rebounding since the quarter was over.

MGM China hit record quarterly revenue and also hit a record market share of 17.1% in the quarter.

The company received $34 million in fees related to the BetMGM North American venture for the quarter.

Overall, the quarter had several positives, but the key revenue and earnings per share figures missed analyst estimates.

MGM Stock Price Action

MGM stock is down 1.2% to $26.95 in after-hours trading. Shares could open at new 52-week lows on Thursday, with the current low $27.20. Shares are trading at their lowest levels since April 2025.