FINHUB Insights

MGM · Q2 FY25 · Apr 1 – Jun 30, 2025

MGM Resorts Q2 FY25: where the revenue came from and where it went

MGM Resorts Q2 FY25: revenue $4.4B (+2% year over year). Net profit $0B. Largest cohort Casino $2.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 30, 2025 10-Q
Sankey diagram of MGM Resorts's income statement for Q2 FY25: revenue of $4.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.4B +2% year over year
Gross profit$3.1B 70% margin
Operating profit$0.4B 9% margin
Net profit$0B 1% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.4 100% +2%
Casino 2.3 52% +5%
Occupancy 0.9 20% −4%
Food and Beverage 0.8 18% −3%
Entertainment Retail and Other 0.4 9% +6%
Cost of revenue−1.330%
Gross profit3.170% margin−2pp
SG&A−1.228%+0pp
Other−1.533%+0pp
Operating profit0.49% margin−1pp
Interest & other costs−0.4
Net profit01%−3pp
Filing on EDGAR More quarters of MGM

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters