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

MGM Resorts' (MGM) third-quarter performance benefits from increased business volume and travel activity, primarily at the Las Vegas Strip Resorts.

MGM Resorts (MGM) Q3 Earnings Miss Estimates, Revenues Top

The casino operator surprised investors by reporting a third-quarter loss.

Why MGM Resorts Stock Was Sliding Today

American Airlines

More than 100 wounded warriors  and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS , Nov. 3, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 wounded warriors and their guests beginning Thursday, Nov. 10. Now in its 12th year, the five-day celebration will take place at its new home at Mandalay Bay Resort & Casino.

MGM Resorts Teams with USO & American Airlines for Salute to the Troops at Mandalay Bay

MGM is the better of the US large cap casino operator plays. We pointed out there'd be resilience in regional, which there was. Vegas also saw a great recovery making China declines irrelevant.

MGM Sees Vegas Recovery, Regional Resilience And BetMGM Growth

MGM Resorts International. (NYSE:MGM ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Andrew Chapman - Director, IR William Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America David Katz - Jefferies Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Robin Farley - UBS John DeCree - CBRE Barry Jonas - Truist Securities Stephen Grambling - Morgan Stanley Ben Chaiken - Credit Suisse Operator Good afternoon and welcome to the MGM Resorts International Third Quarter 2022 Earnings Conference Call.

MGM Resorts International (MGM) Q3 2022 - Earnings Call Transcript

MGM (MGM) delivered earnings and revenue surprises of -731.82% and 4.81%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

MGM Resorts (MGM) Reports Q3 Loss, Tops Revenue Estimates

Participated in Public Tender of  Macau Gaming Concession  Full Confidence in Macau Future Development HONG KONG, Nov. 2, 2022 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and nine months ended September 30, 2022. Macau and Greater China are under the adverse impact of the COVID-19 pandemic in 2022.

MGM China Reports 2022 Third-Quarter Results

Casino resort operator MGM Resorts International MGM, -2.31% reported a surprise loss for its third quarter, and shares fell 5% after hours on Wednesday following the results. The company reported a net loss of around $1.06 billion, or $1.45 per share, compared with a $1.34 billion profit, or $2.77 per share, in same the quarter last year.

MGM Resorts reports surprise loss, stock drops

The casino operator reported a surprise loss due to amortization changes and a gain in the prior quarter.

MGM Stock Slumps as Earnings Miss Estimates

Record Las Vegas Strip Resorts revenue and Adjusted Property EBITDAR Closed on the acquisition of LeoVegas, a global online gaming and sports betting company Submitted tender for a new 10-year gaming concession in Macau Repurchased $4.2 billion of shares of common stock from January 2021 through the end of the third quarter 2022 Continue to pursue commercial gaming license in New York and development of an Integrated Resort in Osaka, Japan LAS VEGAS , Nov. 2, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2022. "We're proud to report the best quarter in our Las Vegas Strip history, both on a revenue and Adjusted Property EBITDAR basis, driven by the continued appeal of our entertainment and meetings offerings," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International.

MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2022 FINANCIAL AND OPERATING RESULTS

Churchill Downs

Penn Entertainment

Casino stocks have witnessed a steep drop amidst record inflation and recessionary fears this year. These headwinds are linked to lower consumer discretionary spending, resulting in massive sell-offs in all major casino and gaming equities.

Ranking the 3 Top Casino Stocks to Buy From Best to Worst

Caesars Entertainment

DraftKings

Shares of sports-gambling operators ran higher Tuesday after Caesars Entertainment Inc. management revealed a measure of profit in its digital betting business turned positive last month, giving the business a chance to contribute to profit in the months ahead.

Caesars' digital betting business hits a milestone, sending sports-gambling stocks higher

Carnival

Peloton

Manufacturing data was good and China may reopen, but there are warning signs as well.

Why Carnival, Peloton, and MGM Resorts Are Soaring On Tuesday

Loney Adds Extensive Compliance & Regulatory Experience as Company Continues Rapid Expansion JERSEY CITY, N.J. , Oct. 27, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming entertainment company, today announced that Rhea Loney will join its executive team as Chief Compliance Officer.

BetMGM Names Rhea Loney Chief Compliance Officer

MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MGM Resorts (MGM) Earnings Expected to Grow: Should You Buy?

Melco Resorts and Entertainment

Trip.com

The country is on investors' minds today.

Why Travel Stocks Doing Business in China Plunged on Monday Morning

Pledge to support new Vocational Job Placement Program LAS VEGAS , Oct. 20, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has partnered with Grant a Gift Autism Foundation-Ackerman Center (GGAF) on a new vocational job placement program, providing training and MGM Resorts employment opportunities to individuals with autism. As part of the partnership, MGM Resorts has pledged $1 million to expand the program over the next five years.

MGM RESORTS INTERNATIONAL MAKES $1 MILLION PLEDGE TO GRANT A GIFT AUTISM FOUNDATION-ACKERMAN CENTER

Amazon

Amazon and MGM could help turbocharge your investment portfolio.

Got $500? 2 No-Brainer Stocks to Buy Right Now

Albemarle

Aptiv

Delta Air Lines

Lamb Weston Hlds

Live Nation

Progressive

Everest RE Group

Rising rates and a Fed determined to "break the world" is chilling the S&P 500. But some fast-growth companies are powering right through it, analysts say.

Even The Hellbent Fed Can't Slow Down These 8 Stocks' Profit

MGM has successfully navigated through covid-19 headwinds and is on track to surpassing pre-pandemic revenue performance. MGM is the only profitable player compared to CZR and WYNN and is growing its EBITDA margins compared to its 5-year average.

MGM Resorts Is The Best Bet Among Casino Stocks Right Now

Casino operator MGM Resorts (NYSE: MGM) been profitable during the post-pandemic recovery faring much better than leading rival casinos Las Vegas Sands

Will MGM Resorts Rise to the Top of the Casino Food Chain?

AngioDynamics

Las Vegas Sands

Tandem Diabetes Care

Just like identifying promising stocks, detecting toxic stocks and dumping them at the right time are crucial to safeguarding one's portfolio from big losses.

4 Toxic Stocks That May Stress You Out Amid Market Turmoil

The hospitality company is remodeling one of its Las Vegas properties

Why MGM Resorts Stock Was Up on Wednesday

MGM Resorts' (MGM) BetMGM turns sports betting partner for Cincinnati Reds. The partnership emphasizes on the entitlement of a retail BetMGM Sportsbook at Great American Ball Park.

MGM Resorts (MGM) BetMGM Collaborates With Cincinnati Reds

Enhancements Feature Upgraded Technology and Bright, Refreshing Spaces Designed for Next Generation of Meetings and Events LAS VEGAS , Oct. 12, 2022 /PRNewswire/ -- Recognized as one of the country's preeminent meeting and trade show destinations, Mandalay Bay Resort & Casino unveiled details today around the $100 million remodel of its 2.1 million-square-foot convention center. Reflecting the evolving needs and preferences of contemporary meetings, significant technology upgrades, dynamic digital signage and a fresh, new design complementing Mandalay Bay's tropical ambiance highlight the remodel.

News for MGM Resorts Stock (MGM)