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

Wynn Resorts

Macau, which has a population of about 650,000, has recorded more than 1,500 cases since mid-June.

MGM and Wynn Stocks Fall as Macau Shuts Down Casinos Due to Covid

Las Vegas Sands

Melco Resorts and Entertainment

Casino stocks were a staple of many portfolios for years, and with the expansion into Macau, China, they were considered a cash cow.

Why Citigroup Is Feeling Lucky on These Casino Stocks

H&R Block

Marriott

Nexstar Media Group

Wyndham Hotels & Resorts Inc

We have narrowed our search to five consumer discretionary stocks. These are: MAR, MGM, HRB, WH, NXST.

5 Stocks to Buy for 2H From the Worst-Performing Sector in 1H

LAS VEGAS , July 6, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2022 after the market closes on Wednesday, August 3, 2022. MGM Resorts will host a conference call that day at 5 p.m.

MGM Resorts International Announces Second Quarter 2022 Earnings Release Date

Virtual registration open to HBCU students nationwide in Fall 2022 DALLAS , June 29, 2022 /PRNewswire/ -- The Tom Joyner Foundation, a driving force behind scholarship distribution and fundraising for Historically Black Colleges and Universities (HBCUs), and BetMGM, a leading sports betting and iGaming operator, are partnering to offer an Executive Series to HBCUs nationwide beginning this Fall. The partnership will offer HBCU students the opportunity to network with BetMGM executives and navigate the recruitment process in preparation for career opportunities at the company after graduation.

The Tom Joyner Foundation and BetMGM Offer Executive Series to HBCU Students

QR codes across The Strip offer chances to win incredible prizes including VIP access to some of the country's biggest sporting events; Vegas' best entertaining, dining and resort experiences; exclusive flight to Vegas with Usher and more LAS VEGAS , June 29, 2022 /PRNewswire/ -- Let the Quest begin! Today, MGM Rewards, MGM Resorts' reimagined loyalty program, kicks off "The Wild Wild Quest," an over-the-top scavenger hunt for "hidden" QR codes across The Strip that could unlock access to the craziest Vegas vacation grand prize ever including flying in a private jet to Las Vegas with global megastar and eight-time GRAMMY Award-winner Usher, who launches his new residency at Park MGM on July 15.

MGM REWARDS LAUNCHES 'WILD' LAS VEGAS SCAVENGER HUNT GIVING PARTICIPANTS A CHANCE TO WIN ONE OF 100 MAJOR PRIZES, INCLUDING PRIVATE FLIGHT WITH USHER

China lightens quarantine requirements for inbound travelers.

Why MGM Resorts Stock Topped the Market Today

Casino stocks are on a roll today after China announced it will ease Covid-19 lockdowns. Here's what investors need to know.

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

Apple

Verizon

Verizon Communications Inc 5.9 % Notes 2014-15.2.54 Sr

Inflation isn't going to be terrible for all companies.

3 Stocks to Buy When Inflation Is High

MGM Resorts (MGM) and Entain Plc's joint venture BetMGM will become the exclusive sportsbook of the BetQL Network.

MGM Resorts' (MGM) BetMGM Expands Partnership With BetQL Network

Audacy

PHILADELPHIA--(BUSINESS WIRE)--BetMGM will become the exclusive sportsbook of the BetQL Network, Audacy's network of sports betting content heard across its broadcast portfolio and digital platforms. The partnership (The BetQL Network presented by BetMGM) is an exclusive multi-year agreement that significantly expands the current relationship between BetMGM and Audacy. Since its launch in June 2021, the BetQL Network has expanded from two markets to 31 markets and has seen steady growth in podc

BetMGM Expands BetQL Network Relationship as the Presenting Sportsbook Partner

Caesars Entertainment

ATLANTIC CITY, N.J.--(BUSINESS WIRE)--UNITE HERE Projection: $1 Million Dollar Daily Losses Possible for Caesars Entertainment and MGM Resorts International if Atlantic City Strike Occurs

UNITE HERE Estimates $1 Million Dollar Losses per Day Possible for Both Caesars Entertainment and MGM Resorts International if Atlantic City Strike Occurs

AppLovin Corp

Broadcom

International Game Technology

Instructure Holdings

ironSource Ltd

Mastercard

Madison Square Garden Sports

NEOGAMES

ServiceNow

Penn Entertainment

Planet Fitness

Atlassian

Trade Desk

Visa

VMware

Amid a more precarious economic backdrop, analysts at Macquarie think that stocks including Visa Inc., Planet Fitness Inc., Trade Desk Inc., and lotto operator International Game Technology PLC could demonstrate “fundamental resiliency.”

These 16 stocks could show ‘fundamental resiliency' in tough times

Wheel of Fortune Casino to debut in New Jersey this year JERSEY CITY, N.J. , June 21, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an agreement with Sony Pictures Television and International Game Technology PLC ("IGT") (NYSE: IGT) to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America.

BetMGM Announces Agreement with Sony Pictures Television, IGT to Launch Online Wheel of Fortune Casino

MGM Resorts (MGM) and Entain Plc's joint venture ??? BetMGM?

MGM Resorts' (MGM) BetMGM Partners Carnival for Sport Betting

MGM Resorts International (NYSE:MGM ) Jefferies Global Consumer Conference Call June 20, 2022 8:00 AM ET Company Participants Jonathan Halkyard - Chief Financial Officer Conference Call Participants David Katz - Jefferies David Katz Good day everyone, and thanks for joining us. I'm David Katz, Gaming Lodging and Leisure Analyst with Jefferies, and the next discussion that we're having today is with MGM Resorts and Chief Financial Officer, Jonathan Halkyard.

MGM Resorts International's (MGM) Management Presents at Jefferies Global Consumer Conference (Transcript)

Carnival

The fast-growing legal sports betting industry is extending its reach to the middle of the ocean.

Cruise ships adding sports betting options for passengers

Bally's

Red Rock Resorts

Casino stocks have underperformed the S&P 500 as consumers grapple with the highest inflation rates since the early 1980s.

Casino stocks are taking a hit as consumers struggle with inflation and recession fears

LAS VEGAS , June 17, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the Jefferies Global Consumer Conference on Monday, June 20, 2022. MGM Resorts CFO Jonathan Halkyard will speak in a session that will be available at 8 a.m.

MGM RESORTS INTERNATIONAL CFO TO SPEAK AT JEFFERIES GLOBAL CONSUMER CONFERENCE

All gaming sector stocks are still beaten down due to the pandemic collateral damage from labor shortages, gas prices and inflation. At its current price, MGM poses a rare opportunity to not only enter if you don't own, but price average if you are out of the money to any degree.

MGM: The Bear Dip In Progress Has Put MGM In Bargain Range At $27

Ngm Biopharmaceuticals Inc

Although the Dow Jones dropped around 875 points on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain.

Executives Buy Over $15M Of 3 Stocks

Booking Hlds

Inflation and interest rates and inverted yield curves -- oh my!

Why Travel and Leisure Stocks Sank on Monday

Investors reacted sharply to news of the company's latest asset sale.

News for MGM Resorts Stock (MGM)