MGM Resorts International reported a decline in first-quarter profit despite stronger revenue, as growth in China operations helped offset weaker domestic performance. The Las Vegas-based hotel and casino operator posted net income of $125.1 million, or 48 cents a share, compared with $148.6 million a year earlier.

Revenue climbed to $4.45 billion from $4.28 billion, beating analyst expectations of $4.37 billion, according to FactSet. However, adjusted earnings of 49 cents a share fell short of the 50 cents Wall Street was expecting. The revenue beat was driven primarily by the company's expanding footprint in Macau and other Chinese markets.

The profit decline comes as MGM continues to navigate a competitive Las Vegas Strip and faces higher operating costs. Despite missing earnings estimates, the top-line strength suggests robust consumer demand for the company's gaming and hospitality offerings, particularly in the Asia-Pacific region where Chinese visitation has rebounded.