The leading developer, owner and operator of gaming and hospitality resorts in the Greater China region, MGM China Holdings Limited, released its latest financial results, recording significant growth and setting new records.
Earlier this week, the company unveiled its third quarter financial data, covering the three months ended September 30, 2025.
Revenue and adjusted EBITDA set records in Q3
Notably, in Q3 this year, MGM China's revenue soared by 17% to HK$8.5bn ($1.1bn).
Equally as important, the company recorded an increase in adjusted EBITDA for the latest period.
In total, MGM China's adjusted EBITDA in Q3 this year hit HK$2.4bn ($308m), up by 20% when compared to the corresponding period in 2024.
The two results, the company said, set records for the third quarter period.
According to further details from the unaudited report released by MGM China, adjusted EBITDA margin improved to 27.9%, up by 0.5% from the 27.4% recorded in Q3 last year.
This, the company explained in a statement, was the result of "mass-focused business and continuous improvement in operational efficiency."
Kenneth Feng, MGM China's President and Executive Director, revealed that the company is excited to report record results during the third quarter.
"The Alpha products have been well received by especially high-end customers. We are devoted to understanding our customers and enhancing their stay at our properties," he added.
Moreover, Feng pointed out: "We are proud to join Macau's evolution into a diversified tourist destination, including the Macau2049 residency show at MGM COTAI and the Poly MGM Museum at MGM MACAU."
In conclusion, the executive highlighted the various entertainment and non-gaming events taking place in Macau, predicting they are likely to attract visitors and continue to benefit the local market.
The company maintained a healthy financial position
During the latest trading period, MGM China recorded an uptick in the average daily visitors in Macau when compared to pre-COVID levels from 2019.
The company reported average daily visitor arrival in Macau increased by 14% to 113,614 in Q3 this year, surpassing the pre-COVID result by 5%.
What's more, the company's market share in Macau increased from 14.8% in Q3 last year to 15.5% during Q3 this year.
"The Group maintained a healthy financial position. As of September 30, 2025, the Group had a total liquidity of approximately HK$22.3 billion, comprised of cash, cash equivalents and undrawn revolver," reads the latest financial report by MGM China.
