MGM Q4 2019 Earnings Report
Key Takeaways
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.
Consolidated net revenues increased 4% to $3.2 billion.
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.
Consolidated Adjusted EBITDAR decreased 3% to $682 million, primarily due to lower table games revenues and the inclusion of insurance proceeds in the prior year quarter.
MGM
MGM
MGM Revenue by Segment
Forward Guidance
MGM Resorts withdrew its fiscal 2020 full year financial targets due to increased volatility in the business from coronavirus and market-wide weakness in Far East baccarat in Las Vegas.
Revenue & Expenses
Visualization of income flow from segment revenue to net income