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

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Operating expenses

SG&A

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Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

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Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

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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

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Change in stock

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Cash from other sources

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Free cash flow

MGM Resorts International (MGM) CEO Bill Hornbuckle on Q3 2021 Results - Earnings Call Transcript

MGM (MGM) delivered earnings and revenue surprises of 175.00% and 12.22%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MGM Resorts (MGM) Q3 Earnings and Revenues Surpass Estimates

Recovery Pace Outperformed Market MGM COTAI Emerald Villa Gainers Accolades HONG KONG, Nov. 3, 2021 /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 months and nine months ended September 30, 2021. Macau market saw a sequential decline materially on gross gaming revenue (GGR) during the third quarter of the year, reflecting the impact from the COVID-19 pandemic outbreak in Mainland China and Macau in August and September.

MGM China Reports 2021 Third-Quarter Results

LAS VEGAS, Nov. 3, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2021. "We delivered another strong quarter led by our domestic operations resulting in new historical Adjusted Property EBITDAR records for our Las Vegas Strip and U.S. regional segments.

MGM Resorts International Reports Third Quarter 2021 Financial And Operating Results

Arrival Group

Chevron

JinkoSolar Holding

Global X Lithium & Battery Tech ETF

These five hot stocks are all great ways to exploit the emerging, end-of-year rally by the stock market. The post 5 Hot Stocks That Should Keep Rallying in November appeared first on InvestorPlace.

5 Hot Stocks That Should Keep Rallying in November

Albemarle

Fisker Inc

QUALCOMM

Skillz

More than 1,500 companies are expected to report quarterly earnings this week. Of two in our watch list for Monday afternoon, one (Diamondback Energy) beat on both revenue and profits, while the other (NXP Semiconductors) missed on profits.

Earnings Previews: Albemarle, Fisker, MGM Resorts, Qualcomm, Skillz

MGM Resorts (MGM) reports Q3 earnings after market close on Nov. 3. Can it finally make a profit as revenue and hotel occupancy rebound?

MGM Earnings: What to Look For

LAS VEGAS, Nov. 1, 2021 /PRNewswire/ -- In celebration of America's service members, MGM Resorts International (NYSE: MGM) will host the United Service Organization (USO) Experience - Salute to the Troops honoring 95 wounded warriors and their guests starting on Thursday, November 4. In its eleventh year, the five-day program in collaboration with the USO of Metropolitan Washington-Baltimore and USO Las Vegas will be an extended weekend of relaxation, entertainment and sightseeing for active-duty service members traveling from all over the country.

MGM Resorts International Teams Up with USO for 2021 Salute to the Troops Event Hosted at The Mirage Hotel & Casino

MGM Resorts (MGM) third-quarter 2021 results are likely to reflect gains from increased visitation in the Las Vegas market.

MGM Resorts (MGM) Gears Up For Q3 Earnings: What's in Store?

NORTHFIELD PARK, Ohio, Oct. 28, 2021 /PRNewswire/ -- BetMGM announced today the launch of the BetMGM Horse Racing mobile app in Ohio, setting the stage for the BetMGM Horse Racing app's entry into additional markets nationwide. BetMGM Horse Racing allows Buckeye State customers to watch and wager on premier Thoroughbred, Harness and Quarter Horse races at more than 200 tracks around the world.

BetMGM Launches BetMGM Horse Racing Mobile App in Ohio

MGM (MGM) possesses 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) Expected to Beat Earnings Estimates: Should You Buy?

JERSEY CITY, N.J., Oct. 21, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, announced today the signing of NBA legend Kevin Garnett as its newest brand ambassador.

NBA Legend Kevin Garnett Joins BetMGM As Brand Ambassador

DraftKings

Flutter Entertainment PLC

September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An analyst took a look at how the top states are doing in sports betting and how the big three are controlling the market.

Analyst Raises TAM For Online Sports Betting, Highlights A Few Big Winners

There's a lot to like about MGM Resorts stock right now.

MGM Resorts Continues to Play a Hot Hand

The shares of MGM Resorts International (NYSE: MGM) have received a $68 price target from Credit Suisse. These are the details.

MGM Stock: $68 Price Target From Credit Suisse

Dolby Laboratories Inc (NYSE: DLB) and MGM Resorts International (NYSE: MGM) announced the launch of Dolby Live at Park MGM. Dolby Live, formerly known as Park Theater, is a fully integrated performance venue that will offer live concerts in Dolby Atmos.

Dolby, MGM Resorts Launch 'Dolby Live' At Park MGM

The BetMGM sports betting and online gaming platform could be a point of contention.

Is MGM Resorts the Big Winner If DraftKings Buys Entain?

MGM Resorts International (NYSE:MGM) saw a sharp increase in its share price after analysts at Credit Suisse boosted its rating for the hospitality brand this week. MGM is a hospitality giant in the United States and, since its inception in 1986, has established a presence across the country and operates flagship properties — the Bellagio, MGM Grand, and Mandalay Bay — in Las Vegas.

This Hospitality Stock Has Outperformed Tesla, Apple, Microsoft And Facebook Over 1 Year

Shares of MGM Resorts International (NYSE: MGM) jumped nearly 10% on Tuesday after Credit Suisse upgraded the casino stock despite an over 40% increase year-to-date. In a note this morning, analyst Benjamin Chalken rated MGM Resorts at “outperform” with a price target of $68 per share that represents a 40% upside from here.

Credit Suisse more than doubles its price target on MGM Resorts

The market does not seem to be giving enough credit to MGM Resorts International's (NYSE:MGM) transformation and the company's recent announcements, according to Credit Suisse. The MGM Resorts Analyst: Benjamin Chaiken upgraded MGM Resorts International from Neutral to Outperform and raised the price target from $33 to $68.

Credit Suisse Upgrades MGM Resorts After These 4 Transactions

One Wall Street analyst is bullish on the company's recent moves.

Why MGM Resorts Stock Is Up Today

Analysts at Credit Suisse boost their price target on shares of MGM Resorts to $68 from $33.

MGM Resorts' Price Target Is Doubled. This Analyst Likes the Casino Operator's 'Transformation.

Credit Suisse analyst Benjamin Chaiken upgraded MGM Resorts International (NYSE:MGM) to Outperform from Neutral and hiked the price target to $68 from $33, suggesting a 52.77% upside. The company has "gone through a transformation," recently announcing four transactions that the market is not giving it full credit for, Chaiken notes.

Credit Suisse Bumps Up MGM Resorts Price Target By 106%

Caesars Entertainment

Bank of America just reported its latest U.S. online sports betting (OSB) app download numbers for the month of September, and the data suggests MGM Resorts International (NYSE:MGM) and Caesars Entertainment Inc (NYSE:CZR) are making big strides in gaining market share in the high-growth business. Bank of America reported 1.8 million OSB app downloads in the month of September, up 198% from a year ago.

MGM, Caesars Gaining US Online Sports Betting Market Share

The uncertain regulatory environment in Macau, prolonged weakness in the travel industry, and Las Vegas Sands' move to divest its U.S. business has led to a 50% decline in its stock. Instead, the shares of MGM Resorts are trading 40% above pre-Covid levels primarily assisted by its foray into.

News for MGM Resorts Stock (MGM)