MGM Mirage (MGM) reported that its third-quarter net loss was $750.39 million or $1.70 per share, compared to net income of $61.28 million or $0.22 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.
The the latest quarter results were impacted by non-cash impairment charges totaling $1.17 billion, or $1.72 loss per diluted share net of tax, including a pre-tax non-cash impairment charge of $956 million related to the Company's investment in CityCenter and a pre-tax non-cash charge of $203 million related to impairment of CityCenter's residential real estate under development.
Revenues for the quarter were $1.53 billion, compared to $1.79 billion in the prior year quarter. Sixteen analysts had consensus revenue estimate of $1.47 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.