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

Profit Margin

Margins

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

General and administrative

Corporate expense

Depreciation and amortization

Income from unconsolidated affiliates

Property transactions, net

Preopening and start-up expenses

Gain on REIT transactions, net

Gain on consolidation of CityCenter, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PENN Entertainment: A Deep Value Jackpot

Zions Bancorp

See two of the featured stocks from this month's model portfolios.

The Good And Bad: Zions Bancorporation & MGM Resorts

Agree Realty

Armada Hoffler Properties

AvalonBay Communities

Caesars Entertainment

Farmland Partners

Mid-America Apartment Communities

SL Green Realty

Vici Properties

REITs outperform private real estate by 2-4% per year on average. I present 10 reasons why REITs earn higher returns. I think that, especially today, REITs are much better investments than private properties.

Why REITs Earn Higher Returns Than Private Real Estate

Las Vegas Sands

Wynn Resorts

China might be experiencing a new Covid-19 wave and the country's history of harsh lockdowns has some investors, especially in casino stocks, worried. In May, positive COVID test results across the country came in at 40%, marking the highest level seen since January.

Casino stocks rebound as China Covid concerns ease

MGM Resorts' (MGM) BetMGM continues to expand to new jurisdictions. The company along with Casino del Mar launches mobile sports betting app in Puerto Rico.

MGM Resorts (MGM) BetMGM Boosts Online Offerings in Puerto Rico

MGM appears to be stuck in a narrow trading range due to Mr. Market not really understanding its broad footprint in all gaming sectors. It's a Vegas story, a Macau story, a US regional story, and a sports betting story rolled up into a single stock. The travel and leisure sector is moving smartly ahead despite inflation, supply chain, and labor shortages.

MGM: A Dip Signals A Buy As Value Scenario Grows With Sector Recovery

Sports betting leader expands mobile platform outside of U.S. mainland complementing retail sportsbook at Casino del Mar at La Concha Resort SAN JUAN, Puerto Rico , June 8, 2023 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced the launch of the BetMGM mobile sports betting app in Puerto Rico in partnership with Casino del Mar at La Concha Resort. Puerto Rico is the second market outside of the U.S. mainland for BetMGM's mobile sports betting app.

BetMGM Launches Mobile Sports Betting in Puerto Rico

Casino stock MGM Resorts International (NYSE:MGM) turned in a marginal loss last week, falling below the $39 level after scoring just one winning session over the last four days.

Bull Signal Says Bet on MGM Resorts Stocks

American Superconductor

Maxeon Solar Technologies

Best Buy

EVgo

Roku

In recent months, I've discovered that Dr. Ed Yardeni, former Chief Economist of Prudential Equity Group, and Deutsche Bank, is one of my favorite analysts of stocks and the economy. That's because Yardeni, unlike many other analysts,  doesn't rely on long-held, yet unproven beliefs like “Interest rates are rising, so stocks will fall” to make his predictions.

The 7 Best Stocks to Buy on a Dip in June 2023

MGM (MGM) reported earnings 30 days ago. What's next for the stock?

Why Is MGM (MGM) Down 13.7% Since Last Earnings Report?

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

Factors That Underscore MGM Resorts' (MGM) Solid Prospects

Investors looking for a sector to jump into may have one to assess right now. Casino stocks are hot, with some of the top names in the market today being Wynn Resorts (NASDAQ: WYNN ), MGM Resorts (NYSE: MGM ) and Las Vegas Sands (NYSE: LVS ).

Why Are Casino Stocks WYNN, MGM, LVS Up Today?

General Motors

U.S. Silica Holdings

United Continental Hlds

Unum

We have narrowed our search to five value stocks. These are: SLCA, GM, UNM, MGM and UAL.

Top 5 Value Stocks to Buy Amid Recession Threats

Booking Hlds

Baker Hughes Co

Halliburton

Lamb Weston Hlds

PACCAR

SolarEdge Technologies

Missed owning shares of S&P 500 companies that posted massive profit growth in the first quarter? Fear not: Analysts think some of them will do it again in this quarter.

8 Stocks Wowed With 50% Profit Growth — Analysts Expect A Repeat

Procter & Gamble

Starbucks

YUM! Brands

Yum China Hlds

Many U.S. companies said China's recovery helped their quarterly sales, but demand hasn't snapped back as quickly as expected for some.

China's recovery lifts U.S. companies' sales as domestic consumers pull back spending

IAC/InterActiveCorp

The internet holding company is suffering from a slower advertising environment, but majority-owned Angi beat estimates.

IAC Earnings Soar on MGM Stake

The consensus price target hints at a 26.9% upside potential for MGM (MGM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think MGM (MGM) Could Surge 26.93%: Read This Before Placing a Bet

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is MGM Resorts International (MGM) a Great Value Stock Right Now?

MGM Resorts posted a stronger-than-expected set of Q1 2023 results last week driven by stronger business at the company's Las Vegas properties and a recovery in Macau.

What's Happening With MGM Resorts Stock?

Marriott

This year has been one of the trickiest and most challenging years that I have seen in the markets. With variables like rising interest rates, inflation, geopolitical tensions, and risk of economic slowdown there are so many factors that can shake out and unnerve investors.

3 Top Ranked Stocks Investors Can Buy Now

The Las Vegas giants have some major differences in their businesses.

Better Buy: Caesars or MGM Resorts?

There is no way around the fact that trading and investing is a challenging and complex endeavor. That doesn't mean buying stocks can't be made simple.

Anatomy of a Trade: 3 Key Considerations for Buying a Stock

Las Vegas is going great, but it's Macao that investors should be cheering right now.

MGM Resorts Sees Macao Heating Up

This commentary first appeared on  Forbes Great Speculations , where Schaeffer's Investment Research is a regular contributor.

News for MGM Resorts Stock (MGM)