FINHUB Insights

MGM · Q3 FY25 · Jul 1 – Sep 30, 2025

MGM Resorts Q3 FY25: where the revenue came from and where it went

MGM Resorts Q3 FY25: revenue $4.3B (+2% year over year). Net profit $-0.3B. Largest cohort Casino $2.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 29, 2025 10-Q
Sankey diagram of MGM Resorts's income statement for Q3 FY25: revenue of $4.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.3B +2% year over year
Gross profit$2.9B 69% margin
Operating profit$-0.1B -3% margin
Net profit$-0.3B -7% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.3 100% +2%
Casino 2.3 53% +8%
Occupancy 0.8 19% −10%
Food and Beverage 0.7 16% −1%
Entertainment Retail and Other 0.4 9% −2%
Cost of revenue−1.330%
Gross profit2.969% margin−2pp
SG&A−1.229%+1pp
Other−1.842%+0pp
Operating profit-0.1-3% margin−10pp
Interest & other costs−0.2
Net profit-0.3-7%−11pp
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