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Jun 30, 2024
MGM Q2 2024 Earnings Report
MGM Resorts International drove positive financial results and solid growth, with record MGM China Adjusted Property EBITDAR and further growth in Las Vegas.
Key Takeaways
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 achieved record 2Q consolidated net revenues of $4.3 billion.
MGM China's Adjusted Property EBITDAR reached a record $294 million, increasing 40% year-over-year.
Net income attributable to MGM Resorts was $187 million.
Consolidated Adjusted EBITDAR was $1.2 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MGM Resorts anticipates carrying its current momentum forward into the back half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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