Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Entertainment, retail and other

Reimbursed costs

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

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Income from unconsolidated affiliates

Property transactions, net

Preopening and start-up expenses

Gain on REIT transactions, net

Gain on consolidation of CityCenter, net

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Year over year growth in Revenue and Operating Expenses.

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Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

MGM Resorts

Mandalay Bay is a 43-story luxury resort and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International. One of the property's towers operates as the Delano; the Four Seasons Hotel is independently operated within the Mandalay Bay tower, occupying 5 floors (35–39).

Mandalay Bay

Bellagio  is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International and was built on the site of the demolished Dunes hotel and casino. Inspired by the Lake Como town of Bellagio in Italy, Bellagio is famed for its elegance. One of its most notable features is an 8-acre (3.2 ha) lake between the building and the Strip, which houses the Fountains of Bellagio, a large dancing water fountain synchronized to music.

Bellagio

Circus Circus Las Vegas is a hotel, 123,928 sq ft (11,513.3 m2) casino, and RV park located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by MGM Resorts International. Circus Circus features circus acts and carnival type games daily on the Midway.

Circus Circus Las Vegas

The Mirage is a 3,044 room Polynesian-themed resort and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States. The resort was built by developer Steve Wynn and is currently owned and operated by MGM Resorts International.

The Mirage

The MGM Grand Las Vegas (formerly Marina and MGM-Marina) is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the largest single hotel in the United States with 6,852 rooms. It is also the third-largest hotel complex in the world by number of rooms and second-largest hotel resort complex in the United States behind the combined The Venetian and The Palazzo. When it opened in 1993, the MGM Grand was the largest hotel complex in the world.

MGM Grand Las Vegas

Excalibur Hotel and Casino is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada, in the United States. It is owned and operated by MGM Resorts International. Excalibur, named for the mythical sword of King Arthur, uses the Medieval theme in several ways. Its facade is a stylized image of a castle. Until 2007, a wizard-like figure representing Merlin looked out from a high turret (since replaced by a figure advertising Dick's Last Resort). Excalibur is situated at the Tropicana - Las Vegas Boulevard intersection. The hotel is linked by overhead pedestrian bridges to neighboring casinos to the north (New York-New York, across Tropicana Avenue) and to the east (Tropicana, across the Strip). A free tram connects Excalibur to its sister MGM Resorts International properties to the south, Luxor and Mandalay Bay.

Excalibur

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986, and is headquartered in Las Vegas, NV.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MGM Resorts posts record Q4 earnings, eyes growth opportunities

MGM Resorts delivered strong financial performance driven by record EBITDAR and room night growth.
The company's diverse portfolio and strategic initiatives position it well for future growth.
Challenges include dividend suspension, operational metrics scrutiny, and project uncertainties.
Opportunities lie in continued growth in Macau, digital ventures, and capital allocation strategy.

MGM Resorts reports robust Q1 performance and eyes global expansion

MGM Resorts demonstrated resilience and growth potential across regions, with a focus on profitability and sustained market share.
Strategic investments in property enhancements and digital gaming aim to drive revenue and attract diverse customer segments.
Balanced financial position enables MGM to pursue growth opportunities and navigate potential challenges effectively.
Overall, MGM's performance outlook is positive, with a strong emphasis on market expansion and operational efficiency.

MGM Resorts posts record revenues and BetMGM on track for profitability

MGM Resorts delivered strong financial results, with a focus on margin improvement, digital investments, and strategic acquisitions. BetMGM's positive trajectory towards profitability and loyalty program enhancements driving revenue growth. Challenges include regional revenue variations and competitive pressures in Macau.

MGM Resorts reports record Q3 revenue amidst cybersecurity challenges

MGM Resorts showcased strong financial performance in Q3 2023, driven by record revenues in MGM China and BetMGM, despite short-term challenges.
The company's strategic focus on reducing leverage, growing free cash flow, and prioritizing share repurchases positions it well for future growth and profitability.
Opportunities in gaming expansion in Dubai, iGaming markets, and strategic partnerships offer avenues for revenue diversification and market expansion.
Efficient management of challenges like cybersecurity issues, labor negotiations, and inflationary impacts demonstrates MGM's resilience and adaptability.

MGM Resorts achieves record Q4 results, eyes digital expansion

MGM Resorts' strong performance in 2023 sets a positive tone for 2024, with a focus on innovation, strategic expansion, and event-driven growth. While challenges exist, the company's proactive approach to opportunities positions it well for continued success.

MGM Resorts achieves record Q1 earnings, eyes global expansion

MGM Resorts delivered a standout performance in Q1 2024, driven by strong results in Las Vegas and MGM China. The company's focus on digital expansion, strategic financial decisions, and potential market expansions position it for continued growth and shareholder value creation.

MGM Resorts reports strong Q2 performance driven by luxury and digital growth

MGM Resorts' Q2 performance reflects a balanced growth strategy with a focus on luxury resorts and digital initiatives
Strong partnerships, profitability in BetMGM, and plans for share repurchases signal a positive outlook for the company
While facing challenges in a competitive market, MGM's strategic investments and focus on cash flow generation position it for future success

MGM Resorts reports record Q3 performance and outlines growth strategies

MGM Resorts delivered a robust performance in Q3, driven by record revenues and EBITDAR across segments, showcasing operational strength
BetMGM's success in profitability and online gaming highlights its strategic positioning in the digital market landscape
Challenges include managing expenses, regulatory compliance, and sustaining growth momentum amidst industry competition
Future opportunities center on strategic expansion, market diversification, and innovation to drive sustained value creation

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Adjusted EBITDA Surpassed 2019 Market Share Reached 15% HONG KONG , Aug. 2, 2023 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for second quarter and the first half of 2023 (the "Period"). The Period was benefited by the removal of COVID-19 related travel and entry restrictions.

MGM China Reports 2023 Interim Financial Data

Casino and resort operator MGM Resorts International MGM, -1.54% on Wednesday reported second-quarter results that beat expectations, helped by the lifting of pandemic restrictions in global gaming hub Macau, but shares fell after hours. MGM reported net income of $243.5 million, or 55 cents a share, compared with $1.6 billion, or $4.20 a share, in the same quarter last year.

MGM Resorts results beat expectations, but stock falls

MGM Resorts International achieved all-time record for consolidated net revenue MGM China outperformed Macau market recovery with Adjusted Property EBITDAR and net revenues surpassing 2Q19 Las Vegas Strip Resorts achieved solid results with ADR and occupancy growth year-over-year, bookings pace remains up for remainder of 2023 Repurchased approximately 15 million shares for $626 million during the quarter Announced long-term license agreement with Marriott International to drive higher profitability from access to Marriott's extensive global database LAS VEGAS , Aug. 2, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2023. "Beyond MGM's outstanding second quarter performance, we also cemented a long-term agreement with Marriott which will provide us with an expansive customer booking channel to further bolster our profitability.

MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2023 FINANCIAL AND OPERATING RESULTS

Galaxy Entertainment Group Ltd

Las Vegas Sands

Wynn Resorts

Forecasters of the Macau recovery have consistently underestimated the speed and depth of revenue recovery ahead. The three U.S.-based Macau facing casino operators have moved higher, but still are not in a range which commands freshened valuations. Many investors continue to resist opening positions out of lack of conviction that recovery to 2019 levels can arrive sooner.

Macau Gaming Recovery Speeds Up, But Key Stocks Still Undervalued

Occidental Petroleum

PayPal

QUALCOMM

Albemarle

After U.S. markets closed on Monday, Diamondback Energy reported revenue that beat Wall Street estimates by 1.2% and fell more than 30% year over year.

Earnings Previews: Albermarle, MGM Resorts, Occidental Petroleum, PayPal, Qualcomm

MGM Resorts' (MGM) second-quarter performance is likely to have benefited from strong Las Vegas market, international expansion and solid Sports betting and iGaming prospects.

What's in the Offing for MGM Resorts (MGM) in Q2 Earnings?

Caesars Entertainment

DraftKings

Americans love to gamble. A record 50 million people placed a wager on this year's Super Bowl, spending $16 billion to gamble on the outcome of the big game, according to the American Gaming Association.

3 Stocks to Buy to Benefit from the Growing Online Gambling Trend

LAS VEGAS , July 27, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) announced today the appointment of Daniel Yang as Chief Customer & Innovation Officer. In this newly constituted role, Yang will lead and advance the company's global consumer success strategy, with a focus on maximizing growth and profitability at the intersection of digital technology and the guest experience.

MGM RESORTS APPOINTS DANIEL YANG CHIEF CUSTOMER & INNOVATION OFFICER

NET REVENUE FROM OPERATIONS OF $944 MILLION IN FIRST HALF OF 20231 POSITIVE EBITDA FOR THE FULL SECOND QUARTER OF 20232 JERSEY CITY, N.J. , July 26, 2023 /PRNewswire/ -- BetMGM, one of the leading sports betting and iGaming operators in North America, jointly owned by Entain plc (LSE: ENT) ("Entain") and MGM Resorts International (NYSE: MGM) ("MGM Resorts"), is today providing an update on First Half of 2023 ("1H 2023") performance and outlook for full-year 2023.

BETMGM FIRST HALF 2023 UPDATE

Carnival

LiveOne

Consumers are now in a better position to open up their wallets, eventually benefiting consumer discretionary stocks such as Carnival (CCL), MGM Resorts (MGM) and LiveOne (LVO).

3 Top Consumer Discretionary Stocks to Gain as Inflation Eases

AbbVie

Amazon

Microsoft

NextEra Energy

ServiceNow

Tesla

Investing is about building a stable long-term portfolio, not just seeking immediate gains. In a mixed economic climate with rising employment figures, savvy investors seek forever stocks.

7 Fantastic Forever Stocks for Long-Term Lucrative Gains

G-III Apparel Group

Sales at U.S. retailers increased for the third successive month in June. Per the Commerce Department, spending at retail outlets rose 0.2% last month from May, way better than March and February's negative readings.

3 Stocks to Gain as Consumers Are Opening Up Their Wallets

Airbnb

Delta Air Lines

Travel is rebounding across the U.S. After two difficult years during the Covid-19 crisis, record air travel was predicted during the recent Fourth of July weekend.In fact, hotel occupancy rates are back near or above pre-pandemic levels. This is great news for travel stocks that were previously decimated a few short years ago.

The 3 Most Undervalued Travel Stocks to Buy Now: July 2023

LAS VEGAS , July 19, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named one of the Best Companies for Diversity, Equity & Inclusion (DEI) in 2023 by Black Enterprise, a leading media company dedicated to Black business and economic empowerment. This distinction highlights MGM Resorts' dedication to creating an inclusive workplace that values diversity and provides equitable opportunities for its employees.

MGM RESORTS RECOGNIZED AS BEST COMPANY FOR DIVERSITY, EQUITY & INCLUSION

With consumer spending still fairly strong, investing in stocks like GIII Apparel Group (GIII), Carnival (CCL) & MGM Resorts International (MGM) seems prudent at present.

3 Stocks to Gain as Consumers are Opening Up Their Wallets

Aptiv

Baker Hughes Co

NVIDIA

SolarEdge Technologies

Target

Targa Resources

United Continental Hlds

Posting 150% quarterly profit growth is impressive anytime. But it's especially head-turning when the rest of the S&P 500's profit falls.

What Earnings Recession? 8 Stocks' Profit Poised To Boom 150%-Plus

Here is how MGM Resorts (MGM) and Norwegian Cruise Line (NCLH) have performed compared to their sector so far this year.

Are Consumer Discretionary Stocks Lagging MGM Resorts International (MGM) This Year?

MGM Resorts (MGM) benefits from increased business volume and travel activity, primarily at MGM China and Las Vegas Strip Resorts.

Here's Why You Should Add MGM Resorts (MGM) to Portfolio Now

LAS VEGAS , July 18, 2023 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update on BetMGM's 1H 2023 performance at 8:30 a.m. Eastern Time (1:30pm UK) on Wednesday, July 26, 2023.

MGM RESORTS AND ENTAIN NOTICE OF BETMGM 1H 2023 UPDATE

Marriott

The partnership seeks to capitalize on frequent or business travelers, who can be fiercely loyal to certain hotel brands in effort to rack up rewards.

Marriott and MGM link loyalty programs in a bid on business travelers

Entain PLC

BetMGM's part owner on Monday said it would pay up to £122 million ($160 million) for an analytics firm that will better enable it to offer parlays to American sports betters.

Demand for parlays leads BetMGM's part owner to pay up to $160 million for analytics firm

Freeport-McMoRan

JPMorgan Chase & Co

Roku

Visa

In line with my long-held thesis, the U.S. economy is performing very well and growing quite rapidly, defying the bears' baseless belief that it was poised to enter a recession. Similarly, according to my previously articulated ideas, inflation has eased, and the Federal Reserve has been much less hawkish than the bears.

The Long Game: 7 Stocks for Long-Term Portfolio Stability

Additionally, Marriott International and BetMGM sign loyalty marketing agreement to make Marriott Bonvoy the exclusive hospitality loyalty program partner of BetMGM BETHESDA, Md. and LAS VEGAS , July 17, 2023 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM's unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9178653-marriott-mgm-license-agreement-creates-mgm-collection-with-marriott-bonvoy/ Beginning in October, several MGM Collection with Marriott Bonvoy resorts will be available for booking on Marriott's robust digital platforms, including Marriott.com and the Marriott Bonvoy mobile app, with all properties expected to be available by the end of the year.

News for MGM Resorts Stock (MGM)