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

All five of the top single wallet operators are poised for a leap forward as the pandemic wanes. MGM's stock still has plenty of run room.

MGM: A Single Wallet Casino/Sports Betting Leader Still Presents An Attractive Entry Point Relative To Peers

MGM Resorts still offers outstanding value in the fast-growing sports betting opportunity.

My Top Stock to Buy Right Now

MGM Resorts' (MGM) BetMGM to receive support of Shift4 Payments' processing technology for delivering a secure, integrated payment solution.

MGM Resorts' (MGM) BetMGM Partners With Shift4 Payments

Caesars Entertainment

Wynn Resorts

The Las Vegas Strip could be in for a great year.

The Las Vegas Strip Is Back and May Be Better Than Ever

The shares of MGM's peers in the sports betting industry, Penn National Gaming and Draft Kings have trended downward due to high competitive rivalry.

Downside Risk Remains In MGM Resorts Stock

DraftKings

Flutter Entertainment PLC

The state of Michigan is considered key for the online sports betting market as the most populous state where operations have launched. The state has 12 online sports betting operators.

Michigan Online Sports Betting: Big 3 Continue To Dominate, Barstool Sports Loses More Market Share

JERSEY CITY, N.J., June 16, 2021 /PRNewswire/ -- BetMGM, a Glassdoor-recognized Top Place to Work, is pleased to announce that its Chief Executive Officer, Adam Greenblatt, has been named one of the Top CEOs in 2021  in the U.S. Small and Medium Business (SMB) category on Glassdoor.

BetMGM's Adam Greenblatt Among Glassdoor's Top CEOs in 2021

Boyd Gaming

Century Casinos

The casino industry continues to show resilience on streamlining of business, marketing initiatives and renegotiation of third-party agreements. BYD, CNTY and MGM have surged in the past six months.

Coronavirus Boosts iGaming Prospects: 3 Stocks to Watch Out For

MGM Resorts' (MGM) BetMGM continues to expand its presence. Given the positive momentum in markets, the company remains optimistic about its long-term growth.

MGM Resorts' (MGM) BetMGM Partners With PFL, Boosts Presence

NEW YORK, June 9, 2021 /PRNewswire/ -- The Professional Fighters League (PFL), the fastest growing and most innovative sports league, today announced a partnership that designates BetMGM as a "US Authorized Gaming Operator of the PFL". Fans across the country will be able to wager on fight lines on BetMGM beginning with PFL 4 airing on Thursday, June 10 th in primetime on ESPN networks and streaming platforms.

BetMGM Named Authorized Gaming Operator of The Professional Fighters League

LAS VEGAS, June 8, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) today announced that Tilak Mandadi will join the company July 6th in the newly created position of Chief Strategy, Innovation & Technology Officer. In this role, Mandadi will oversee MGM Resorts' digital strategy, driving growth and innovation through technology-led customer-centric experiences, products and services.

Tilak Mandadi To Join MGM Resorts International As Chief Strategy, Innovation & Technology Officer

LAS VEGAS--(BUSINESS WIRE)--Award-winning mobile game developer PLAYSTUDIOS is expanding its partnership with global hospitality brand MGM Resorts International, securing the exclusive social and mobile gaming rights to Ohio's MGM Northfield Park. Players of PLAYSTUDIOS free-to-play mobile apps will now see the Cleveland-area gaming and entertainment destination showcased in the playAWARDS portfolio of in-game rewards. Players who accumulate loyalty points during gameplay can now redeem their p

PLAYSTUDIOS and MGM Resorts International Expand Partnership, Add MGM Northfield Park to Player Rewards Portfolio

LAS VEGAS, June 2, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") management will participate in Bernstein's 37th Annual Strategic Decisions Conference on Thursday, June 3, 2021.  MGM Resorts CEO and President Bill Hornbuckle will also speak at a session scheduled to begin at 11:00 a.m.

MGM Resorts International Management To Speak At Bernstein's 37th Annual Strategic Decisions Conference

One of the greatest hockey players of all time is partnering with a sports betting company. What Happened: BetMGM, a joint venture from MGM Resorts International (NYSE: MGM) and Entain, announced the addition of Wayne Gretzky as a brand ambassador.

Wayne Gretzky Partners With BetMGM: Could It Help Gain Share In US And Canada?

Cal-Maine Foods

Fluor

Luminar Technologies

Redfin

As investors continue to weigh reopening optimism with inflation concerns, the Dow rose 70 points, the S&P 500 ticked up 0.15%, and the Nasdaq climbed 0.08%. Make the most of this market with today's Top Shorts from Q.ai's deep learning algorithms.

Cal-Maine Foods Inc And Fluor Corp Rated Top Shorts For Today

Las Vegas Sands

Melco Resorts and Entertainment

The Macau Gaming industry witnesses an increase in Gross Gaming Revenues in May for the fourth straight month.

Macau Casino Hopes Brighten: Gaming Revenues Soar in May

MGM Resorts' (MGM) BetMGM continues to expand in the online betting space. For horse wagering, the company has partnered with NYRA Bets.

MGM Resorts (MGM) Partners With NYRA Bets for Horse Wagering

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

Why Is MGM (MGM) Up 8.3% Since Last Earnings Report?

JERSEY CITY, N.J., May 28, 2021 /PRNewswire/ -- BetMGM announced today a partnership with NYRA Bets, LLC (NYRA Bets), the official online wagering platform of the New York Racing Association, Inc. (NYRA) and a leading provider of horse racing content in the United States.

BetMGM Partnering with NYRA Bets on Horse Race Wagering

Bally's

Churchill Downs

Penn Entertainment

Gambling revenue in Nevada and other states roared back in March, accelerated in April, and is likely to be elevated for May, strategists at KeyBanc Capital Markets say.

Bet Big on the Recovery in Las Vegas With These Stock Picks.

Allstate

Roundhill Sports Betting & iGaming ETF

VanEck Vectors Gaming ETF

Global Eagle Entertainment

Evotec SE

Rush Street Interactive

Sometimes a larger playing field is what it takes to score.

Here Are 2 Great Ways to Make an Investment in Online Betting Less Risky

American Airlines

Blink Charging

Boxlight

Dave & Buster's

The Dow Jones rose 79 points, the S&P 500 rose another 0.3%, and Nasdaq gained 0.3%. Make the most of this market with today's best short plays from Q.ai's deep learning algorithms.

Artificial Intelligence Identifies American Airlines Among Today's Top Shorts

Carnival

Delta Air Lines

Norwegian Cruise Line

Royal Caribbean Cruises

United Continental Hlds

Shares of cruise liners and airlines are on the rise in May's final trading week, and two market analysts are forecasting more gains.

Travel stocks pick up steam this week. How two traders would get exposure to the group

The recent rally in MGM Resorts International (NYSE:MGM) stock may have just ended. Before Tuesday, MGM reached the $42 level on four occasions since March.

News for MGM Resorts Stock (MGM)