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Dec 31, 2019
MGM Q4 2019 Earnings Report
MGM's Q4 2019 financial performance was below expectations due to lower hold, weakness in Far East baccarat, and certain one-time items, but full year results showed strong consolidated net revenue and Adjusted EBITDAR.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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