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Dec 31, 2024
MGM Q4 2024 Earnings Report
Key Takeaways
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.
Revenue by Segment
Forward Guidance
MGM Resorts expects strong growth in 2025, driven by continued demand in Las Vegas, strong bookings, and digital expansion. However, challenges remain with macroeconomic factors and competition.
Positive Outlook
- BetMGM expected to be profitable in 2025
- Strong early 2025 booking trends in Las Vegas
- MGM China continues to recover post-COVID
- Digital gaming expansion gaining traction
- Cost efficiencies expected to improve margins
Challenges Ahead
- Las Vegas revenue declined post-Formula 1 impact
- Macroeconomic uncertainty may impact consumer spending
- MGM Digital still operating at a loss
- Rising competition in online gaming and sports betting
- Higher interest expenses impacting net income
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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