MGM changes
Pick any two versions below to diff them.
- Price
- $29.96 → $33.47(+11.7%)
- Recent events
- Oct 28, 2026: MGM reported Q3 2026 results. Revenue was $4.2 billion, down 1%. Las Vegas Strip revenue fell 2% to $2.0 billion, RevPAR fell 8%, and Segment Adjusted EBITDAR fell 12% to $531 million. MGM China revenue rose 5% to a record $1.1 billion, but its Segment Adjusted EBITDAR fell 7% to $264 million, as its branding fee to MGM rose by $22 million. The MGM Digital loss fell to $4 million of Segment Adjusted EBITDAR from $23 million. Adjusted EPS was a loss of $0.11, compared with a profit of $0.24 a year earlier. MGM said that October 2026 rebounded in Las Vegas. Oct added: 28, 2026: MGM said in its Q3 2026 10-Q, filed on October 28, 2026, that it put JPY 19.4 billion, about $123 million, into MGM Osaka in October 2026. It has committed JPY 428 billion, and about JPY 333 billion, or $2.1 billion, remained to fund at September 30, 2026. Oct 27, 2026: MGM amended its voting agreement with People Inc. and Barry Diller, and it announced the change on October 28. People Inc. agreed not to buy shares that would take its group above 29.9% of MGM's shares. On a change of control, it will vote all its shares as the board recommends, subject to conditions. MGM agreed not to take defensive measures against People Inc. while it complies. MGM said that no transaction is contemplated. People Inc. owns about 26.5% of MGM's shares. Sep 23, 2026: People Inc., formerly IAC, withdrew its non-binding proposal to buy all MGM shares that it does not own. It said that it remains open to a strategic transaction with MGM. It owns about 26.5% of MGM's shares. Jul 29, 2026: MGM reported Q2 2026 results. Revenue was $4.5 billion, up 1%. Las Vegas Strip revenue rose 3% to $2.2 billion, while RevPAR fell 4%. MGM China's Segment Adjusted EBITDAR fell 15% to $257 million, and MGM Digital recorded a goodwill impairment of $111 million. Adjusted EPS was $0.59, compared with $0.79 a year earlier. In April 2026, MGM sold the operations of MGM Northfield Park for $546 million, and its annual rent to VICI fell by $53 million. Jun 1, 2026: IAC proposed to buy all MGM shares that it did not own for $48.30 per share in cash. The proposal was non-binding. May 13, 2026: MGM China Holdings sold $750 million of 6.25% senior notes due 2033. Apr 3, 2026: MGM signed a voting agreement with IAC and Barry Diller. When they own more than 25.73% of MGM's voting power, they vote the extra shares in the same proportion as the other shareholders.