Mohegan posts strong second quarter fiscal 2026 results

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The owner, developer and operator of go-to gaming, hospitality and entertainment resorts in the United States and Canada, Mohegan, announced the release of its fiscal second quarter 2026 results, recording strong net revenue driven by a significant uptick in Mohegan Digital.

Mohegan Digital revenue soars, results offset slightly

In total, Moheganposted $429m in net revenue for the three months ended March 31, 2026. The result, compared to the corresponding period last year, shows an increase of $10.1m or 2.4% growth. Mohegan’s income from operations increased by a single-digit percentage, too. In total, the company posted $60.5m in income from operations, a figure that shows a 1.3% year-over-year increase. Unlike the revenue and income from operations, net income dipped year-over-year, halting to $14.1m. Adjusted EBITDA in the second fiscal quarter was $85.4m, up by 1.8% year-over-year, while adjusted EBITDAR increased by 4.0% to $94.5m when compared to the same period in 2025. Notably, Mohegan Digital’s results soared during the second fiscal quarter this year. In total, Mohegan Digital posted $79.3m in net revenue, a result that shows a whopping 40.2% increase year-over-year, considering that during the corresponding quarter in 2025, the company posted $56.6m in net revenue. The income from operations posted by Mohegan Digital was $39.7m, pointing to a solid 48.6% year-over-year increase. Similarly, Mohegan Digital’s net income soared by 48.1% to $39.7m, while adjusted EBITDA increased by 47.9% to $39.7m. In a press release, Mohegan explained that the outstanding result from Mohegan Digital was partially offset by unfavorable table hold and lower table volumes at Mohegan Sun. Further insights reveal that Mohegan’s domestic resorts reported a slight decrease of 3.1% in their net revenues, which halted to $288.6m. On the other hand, the company posted a marginal decrease in the net revenues of its international resorts. Mohegan’s international resorts’ net revenues halted at $66.5m, down by less than 1% year-over-year. Besides financial data, Mohegan acknowledged that during the latest trading period, it reached an agreement to sell the Connecticut Sun for $300m. In March, Mohegan Sun reported 60% slot market share, a result that set a new record and highlighted its leadership position in Connecticut.