MGM
MGM Resorts InternationalEvidence as of 2026-09-03Overview · MGM Resorts International
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table gam…
Management team
- Ms. Jyoti Chopra · Senior VP and Chief People, Inclusion & Sustainability OfficerFind on LinkedIn
- Mr. Gary M. Fritz · President of MGM Resorts International InteractiveFind on LinkedIn
- Mr. John M. McManus Esq. · Chief Legal & Administrative Officer and SecretaryFind on LinkedIn
- Mr. Corey Ian Sanders · Chief Operating OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The desk rates the evidence balance as Mixed (+0.3 of a possible +2; was +0.3 before debate) · confidence high. Revenue was roughly stable across the recent comparable quarters: $4,404,870,000 for the quarter ended 30 June 2025, $4,250,464,000 for the quarter ended 30 September 2025 (Q3 2025), $4,454,718,000 for Q1 2026 (fiscal quarter ended 2026-04-27) and $4,450,993,000 for Q2 2026 (fiscal quarter ended 2026-07-27).
Operating income and profitability improved sequentially between Q1 2026 and Q2 2026, with operating income rising from $301,242,000 to $503,636,000, net income from $125,136,000 to $292,433,000 and diluted EPS from $0.48 to $1.11. There was a material loss in Q3 2025 with net loss $-285,255,000 and diluted EPS -$1.05. Shares outstanding declined over the year sequence (273,506,440 → 255,828,519 → 255,851,235 → 251,592,756) and the company reported $88,902,000 of repurchases in fiscal Q1 2026.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue was roughly stable over the most recent comparable quarters: revenue was $4,404,870,000 for the quarter ended 30 June 2025, $4,250,464,000 for the quarter ended 30 September 2025, $4,454,718,000 for the fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $4,450,993,000 for fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000789570-25-000033Operating income improved from $301,242,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $503,636,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000789570-26-000076Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Beta vs SPY is 0.81 and correlation with SPY is 0.27 as of 2026-09-02.
Moneyta signal set · 2026-09-02Momentum is mixed as of 2026-09-02: 3-month momentum is -14.2%, 6-month momentum is +13.0% (67th percentile of 547), and the 12_1 momentum is +27.9% (67th percentile of 547).
Moneyta signal set · 2026-09-02Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, the ETF record shows MGM included in the fund with ticker IVV at 0.01% weight of that fund.
ETF constituents · market dataThe reported weight_percent_of_fund value of 0.01% represents a very small position size for MGM within the IVV holding reported on that date.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
MGM Resorts and BetMGM donated $320,000 to the American Gaming Association for Responsible Gaming Education Month, reported 2 September 2026.
News · finance.yahoo.com · 2026-09-02MGM Resorts and BetMGM announced a $300,000 commitment to responsible gaming research and partnerships in a company release dated 1 September 2026.
News · prnewswire.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-backed implied free cash flow (FCF) growth rate that today's price would justify, under the stated discount and terminal assumptions, is -16.45% per year (implied_growth = -0.1645).
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month free cash flow (FCF) is $1,673,587,000 and price-to-FCF is 6.38 (FCF per share $6.4929, price $41.44).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The weight of the cited company-level fundamentals supports a constructive read: sequential operating income and net income gains across fiscal Q1–Q2 2026 (fundamentals-1, fundamentals-2), rising cash balances (fundamentals-6), and a reduction in diluted share count plus active buybacks (fundamentals-4) all point to improving profitability and stronger cash generation in the most recent reporting window. Valuation multiples tied to cash flow and enterprise metrics (valuation-1, valuation-2) show comparatively low price-to-FCF and an EV/EBITDA around 6.5, which, when paired with rising cash and operating leverage, bolster the favorable interpretation. Market-structure signals such as a below‑market beta and a golden cross (market-0, market-2) reduce sensitivity to broad-market swings and reflect technical support for the recent price regime. The bear points—most notably the one large prior quarter loss and model-derived negative implied FCF growth—rely on isolated historical volatility and a model with assumptions that conflict with the recent sequential improvement in operating results and cash flow; these tensions weaken the negative read. Evidence strength: the operating-income, net-income, cash trend, and repurchase data are company-reported and therefore strong; price-to-FCF and EV/EBITDA are based on trailing reported figures and are moderate-strength; the negative implied-growth valuation and the single prior-quarter loss are weaker counterpoints given their inconsistency with the recent multi-quarter recovery.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.33
25 surviving claims rest on 13 distinct sources; the heaviest analyst carries 28% of them, and 98% of what the desk raised survived the debate.
The surviving set is moderately robust: 25 claims draw on 13 distinct sources (so information isn’t dominated by a single document), but one analyst contributes a sizable share of the claims and almost all desk points survived internal debate. That combination means the read is informative but somewhat fragile to revision — a single new analyst view or a fresh filing could shift interpretation materially.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
12 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.0 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
6 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on MGM Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.