MGM Earnings Reports

MGM Resorts reported a slight decline in Q4 revenue due to weaker Las Vegas performance after a strong prior year boosted by Formula 1. MGM China and Regional Operations showed positive growth, while digital operations continued to scale.

MGM Resorts International reported record consolidated net revenues for Q3 2024, primarily driven by record results from MGM China. The company saw improvements in Las Vegas and growth in ADR and occupancy. MGM repurchased over $300 million of shares in Q3 and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since 2021.

MGM Resorts International reported record second-quarter consolidated net revenues of $4.3 billion. MGM China Adjusted Property EBITDAR reached a record $294 million, a 40% year-over-year increase. The company's net income attributable to MGM Resorts was $187 million, and consolidated Adjusted EBITDAR was $1.2 billion.

MGM Resorts International reported record first-quarter 2024 financial results, with consolidated revenues of $4.4 billion, a 13% increase compared to the prior year quarter. MGM China achieved record quarterly results, and Las Vegas also showed strength. The company repurchased 12 million shares during the quarter.

MGM Resorts International reported consolidated net revenues of $4.4 billion, a 22% increase compared to the prior year quarter. Operating income was $419 million, and net income attributable to MGM Resorts was $313 million. Diluted earnings per share were $0.92, and adjusted diluted earnings per share were $1.06.

MGM Resorts International reported consolidated net revenues of $4.0 billion, a 16% increase compared to the prior year quarter. This growth was primarily driven by increased revenue at MGM China, offset by decreased revenues at Las Vegas Strip Resorts and Regional Operations. The company's operating income was $370 million, and net income attributable to MGM Resorts was $161 million.

MGM Resorts International reported a strong second quarter with record consolidated net revenues of $3.9 billion, a 21% increase compared to the prior year. MGM China outperformed the Macau market recovery, and Las Vegas Strip Resorts achieved solid results with ADR and occupancy growth.

MGM Resorts International reported a strong first quarter in 2023, marked by record Adjusted Property EBITDAR for Las Vegas Strip Resorts, a significant revenue increase in MGM China due to easing travel restrictions, and overall consolidated net revenue growth. The company also made strides in strategic initiatives, including the sale of Gold Strike Tunica operations and progress in the development plan for Osaka, Japan.

MGM Resorts International reported consolidated net revenues of $3.6 billion, an 18% increase compared to the prior year quarter. However, the company experienced an operating loss of $2 million, compared to an operating income of $369 million in the prior year quarter, primarily due to increased noncash amortization and rent expense. Net income attributable to MGM Resorts was $284 million, compared to $131 million in the prior year quarter.

MGM Resorts International reported a 26% increase in consolidated net revenues to $3.4 billion, driven by the inclusion of The Cosmopolitan and Aria, and increased Las Vegas Strip Resorts activity. However, the company experienced an operating loss of $1.0 billion, and a net loss attributable to MGM Resorts of $577 million, primarily due to increased noncash amortization expense and the absence of a prior-year gain on consolidation of CityCenter.

MGM Resorts International reported outstanding second-quarter results, with consolidated net revenues of $3.3 billion, a 44% increase compared to the prior year. Net income attributable to MGM Resorts was $1.8 billion, and adjusted diluted earnings per share was $0.03. The company repurchased $1.1 billion of shares of common stock during the quarter.

MGM Resorts International reported consolidated net revenues of $2.9 billion, a 73% increase compared to the prior year quarter. The company reported a net loss attributable to MGM Resorts of $18 million, compared to a net loss of $332 million in the prior year quarter. Adjusted diluted earnings per share was $0.01, compared to an Adjusted EPS loss per share of $0.68 in the prior year quarter.

MGM Resorts International reported record fourth-quarter results, driven by operational efficiency and strong demand. Consolidated net revenues reached $3.1 billion, a 105% increase year-over-year, and net income attributable to MGM Resorts was $131 million, compared to a net loss of $448 million in the prior year quarter. The company repurchased $727 million of its common stock during the quarter, and remains focused on maximizing long-term shareholder value.

MGM Resorts International reported consolidated net revenues of $2.7 billion, a 140% increase compared to the prior year quarter. Consolidated operating income was $1.9 billion, and net income attributable to MGM Resorts was $1.4 billion. Diluted earnings per share were $2.77, and adjusted diluted earnings per share were $0.03. The company repurchased $1 billion of shares of common stock through September 2021.

MGM Resorts International reported a significant increase in consolidated net revenues, reaching $2.3 billion, a 683% increase compared to the prior year quarter. Consolidated operating income was $264 million, a substantial improvement from the prior year's operating loss of $1.0 billion. Net income attributable to MGM Resorts was $105 million, compared to a net loss of $857 million in the prior year quarter.

MGM Resorts International reported consolidated net revenues of $1.6 billion, a decrease of 27% compared to the prior year quarter. The company's regional properties achieved record first quarter Adjusted Property EBITDAR and Adjusted Property EBITDAR margins. The company reported a net loss attributable to MGM Resorts of $332 million.

MGM Resorts International reported a 53% decrease in consolidated net revenues to $1.5 billion for Q4 2020 compared to the prior year quarter. The company experienced a net loss attributable to MGM Resorts of $448 million, and a diluted loss per share of $0.92. Despite these challenges, the company remains confident in the long-term recovery of its business and is focused on cost efficiencies and the growth of BetMGM.

MGM Resorts International reported a challenging third quarter with a 66% decrease in consolidated net revenues to $1.1 billion compared to the prior year, primarily due to operational restrictions related to the pandemic. The company experienced a consolidated operating loss of $495 million and a net loss attributable to MGM Resorts of $535 million. However, the U.S. Regional Operations showed signs of recovery, and the company maintained a strong liquidity position.

MGM Resorts International reported a significant decrease in consolidated net revenues, a consolidated operating loss, and a net loss attributable to MGM Resorts, primarily due to the temporary suspension of domestic casino operations and travel restrictions in Macau. The company focused on bolstering its liquidity position and managing expenses during the re-opening process.

MGM Resorts International reported a 29% decrease in consolidated net revenues to $2.3 billion for the first quarter of 2020, primarily due to the temporary suspension of casino operations and travel restrictions. Despite the revenue decline, consolidated operating income increased to $1.3 billion, driven by a $1.5 billion gain from real estate transactions. The company is focused on managing cash outflows and maintaining a strong liquidity position during the crisis.

MGM Resorts International reported a 4% increase in consolidated net revenues to $3.2 billion for Q4 2019. Consolidated operating income increased to $3.0 billion, including a $2.7 billion gain from the Bellagio real estate transaction. Net income attributable to MGM Resorts was $2.0 billion, and diluted earnings per share was $3.91. Adjusted diluted earnings per share was $0.08. Consolidated Adjusted EBITDAR decreased 3% to $682 million.