The company said revenue for the quarter ended September 30, 2026 decreased 1% from the prior-year period, and operating income was $119 million compared with an operating loss of $113 million a year earlier. It cited a goodwill impairment charge of $256 million and other write-downs and impairments related to Empire City of $93 million recorded in the prior-year quarter.

1. 01

   The company said revenue for the quarter ended September 30, 2026 decreased 1% from the prior-year period, and operating income was $119 million compared with an operating loss of $113 million a year earlier. It cited a goodwill impairment charge of $256 million and other write-downs and impairments related to Empire City of $93 million recorded in the prior-year quarter.

2. 02

   MGM Resorts said it completed the sale of the operations of MGM Northfield Park in April 2026 for cash consideration of $546 million ($540 million net of purchase price adjustments and transaction costs), and that the VICI master lease annual cash rent was reduced by $53 million. In March 2026, it entered into an agreement to sell the operations of MGM Springfield to private equity funds managed by Clairvest Group Inc. for $443 million.

3. 03

   The company said operating cash flow was $1.7 billion for the 9 months ended September 30, 2026, down from $1.9 billion in the prior-year period. Over the same period, capital expenditures were $618 million, payments for share repurchases were $262 million, and net debt repayments were $554 million.

4. 04

   The company said it had cash and cash equivalents of $2.4 billion as of September 30, 2026, of which $598 million was held by MGM China, and total principal amount of debt of $5.7 billion, including $2.3 billion related to MGM China. There were no borrowings outstanding under its revolving credit facility, and the balance under the MGM China revolving credit facility was $331 million.

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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