Mgm Resorts International MGM

Revenue Intelligence Report • 53 quarters of SEC filing data • Updated 2026-03-06

MGM Resorts International's revenue is primarily driven by its strategic spending on selling, general, and administrative (SG&A) expenses, with an impressive long-run return of $2.35 for every dollar invested. Despite a recent quarterly revenue of $4.605 billion, which exceeded predictions, the company is forecasting a decline to $17 billion for the fiscal year, reflecting a 4.8% year-over-year decrease. The model used for revenue predictions has a moderate accuracy, with a 16.8% MAPE, indicating potential volatility in future forecasts. Investors should consider the effectiveness of MGM's spending strategies and the broader market conditions as key factors influencing its revenue trajectory.

Next FY Revenue

$16.69B

-4.8% YoY

SG&A Multiplier

$2.35 per $1

Model Accuracy

16.8% MAPE

Holdout validation: The model predicted $4B vs the actual $5B — an error of 11.5%.

Note: Mgm Resorts International does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q4 2025	$4B	$5B	$3B – $5B	-6.3%	✓ In range
Q2 2026	$4B		$3B – $5B	-3.5%
Q3 2026	$4B		$3B – $5B	-5.5%
Q4 2026	$4B		$3B – $5B	-1.4%
Q1 2027	$4B		$3B – $6B	-8.5%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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