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

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.

Should Value Investors Buy MGM Resorts International (MGM) Stock?

Bally's

Boyd Gaming

Caesars Entertainment

Advocates for smoking bans point to research by C3 Gaming that concluded smoke-free casinos generate more revenue and outperform competitors that allow smoking.

Shareholders push casinos to reassess indoor smoking

Prosecutors and defense lawyers for Scott Sibella have suggested that a judge file the former MGM Grand casino president to probation in the criminal case.

Former MGM Grand casino president to be sentenced for failing to report bookie's bets

Allstate

Brinker International

Royal Caribbean Cruises

Tenet Healthcare

The GARP approach is for investors who are on the lookout for a mixed investment strategy. MGM, THC, ALL, RCL and EAT are some of the stocks that qualify our screening of GARP stocks.

Pick These 5 Lucrative GARP Stocks Using PEG Ratio

Record traveler volume is good news for the Casinos and Gaming industry. MGM Resorts International is undervalued with stabilizing earnings and healthy free cash flow. The company's Q1 report showed strong revenues and profits, with plans for expansion into online sports betting and international markets which could provide a boost in the out year.

MGM: Record Q1 Consolidated Revenue, Shares Undervalued

MGM Resorts International stock is down 6.17% in the past year but has strong financial performance and impressive strategic expansion. The company has a diverse revenue stream and a wide customer base, leading to increased revenue and margins. MGM's financial performance is impressive, with consistently increasing revenues and resilient profitability, making it a top performer in the sector.

MGM Resorts International: A Promising Investment Opportunity

Red Rock Resorts

Investors looking for stocks in the Gaming sector might want to consider either MGM Resorts (MGM) or Red Rock Resorts (RRR). But which of these two stocks is more attractive to value investors?

MGM vs. RRR: Which Stock Is the Better Value Option?

MGM Resorts' (MGM) first-quarter results reflect solid performances at MGM China and luxury resort properties in Las Vegas.

MGM Resorts' (MGM) Q1 Earnings & Revenues Top Estimates

MGM Resorts stock received an upgrade, wave of price target hikes Thursday after beating Q1 estimates on record revenue from China, Las Vegas.

MGM Resorts Stock Rallies On Q1 Results, Upgrade; Posts Record Revenue From China, Las Vegas

Both revenue and earnings were higher than expected. Business took off in Macau.

MGM Stock Rises as Wall Street Praises Earnings. There's ‘Momentum in Macau.

NewLake Capital Partners, Inc.

REITs do not just pay a high dividend yield. They also grow their dividend and appreciate in value over time. Here are three of my favorite dividend growth REITs to buy today.

3 Dividend Growth REITs To Buy And Hold

MGM Resorts International (NYSE:MGM ) Q1 2024 Earnings Call Transcript May 1, 2024 5:00 PM ET Company Participants Andrew Chapman - Director, Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Corey Sanders - Chief Operating Officer Kenneth Feng - President and Executive Director, MGM China Hubert Wang - COO and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz - Jefferies Brandt Montour - Barclays Chad Beynon - Macquarie Stephen Grambling - Morgan Stanley John DeCree - CBRE Robin Farley - UBS Daniel Politzer - Wells Fargo Barry Jonas - Truist Securities Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2024 Earnings Conference Call. Joining the call from the Company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Kenneth Feng, Executive Director and President of MGM China Holdings; Hubert Wang, COO and President of MGM China Holdings; and Andrew Chapman, Director of Investor Relations.

MGM Resorts International (MGM) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, MGM (MGM) Q1 Earnings: A Look at Key Metrics

MGM Resorts (MGM) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago.

MGM Resorts (MGM) Q1 Earnings and Revenues Beat Estimates

Record-High Performance and Market Share HONG KONG , May 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2024 (the "Period"). The Group is pleased to see a continuous recovery in Macau.

MGM China Reports 2024 First Quarter Results

MGM China achieved record quarterly results with Adjusted Property EBITDAR up 78% year over year and resumed its dividend Las Vegas strength continued in the first quarter with record 1Q net revenues Marriott strategic licensing agreement successfully launched across 16 brands MGM Resorts repurchased 12 million shares during the quarter resulting in total share count reduction of 36% since 2021 Our Japan IR venture completed its credit facility, Japan's largest project financing in history LAS VEGAS , May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2024. "Our strategic growth plan to drive sustainable free cash flow from our resort operations, develop free cash flow by investing in international digital and luxury integrated resorts, and return capital to shareholders through share repurchases continued to develop in the first quarter of 2024," said Bill Hornbuckle, Chief Executive Officer & President of MGM Resorts International.

MGM RESORTS INTERNATIONAL REPORTS RECORD FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS

"Our Culture and Enduring Legacy" LAS VEGAS , May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the publication of its 2023 Social Impact and Sustainability Report. The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come.

MGM RESORTS INTERNATIONAL RELEASES 2023 SOCIAL IMPACT AND SUSTAINABILITY REPORT

Get a deeper insight into the potential performance of MGM (MGM) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Curious about MGM (MGM) Q1 Performance? Explore Wall Street Estimates for Key Metrics

Dutch entry follows the UK as BetMGM's second international market utilizing LeoVegas' platform & technology LAS VEGAS , April 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today it is launching BetMGM – its wholly owned iGaming and online sports betting brand offering an authentic Vegas experience – in the Netherlands. BetMGM is set to provide Dutch customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclusive slots, as well as unique and compelling sports promotions.

MGM RESORTS LAUNCHES BETMGM IN THE NETHERLANDS

Netflix

Restaurant Brands

Guilty pleasures are defined as activities, habits, food and more that cause people to feel shame or guilt when they indulge in them, usually due to the fear that they will be judged by others. This means the category could extend to fast food, desserts, extravagant coffees, streaming services, gambling and many types of games.

Treat Yourself to Profits: 3 ‘Guilty Pleasure' Stocks to Boost Your Returns

MGM Resorts' (MGM) first-quarter 2024 performance is likely to reflect gains from pent-up consumer demand, high domestic casino spending and robust demand for sports betting.

Factors Setting the Tone for MGM Resorts' (MGM) Q1 Earnings

MGM Resorts is expected to publish its Q1 2024 results on May 1, reporting on a quarter that is likely to see the company benefit from a strong recovery in Macau and potential continued strength in its Las Vegas properties. We expect sales to come in at $4.25 billion, in line with consensus estimates and marking an increase of about 18% versus last year.

Will A Macau Recovery Drive MGM Stock Higher Following Q1 Results?

Anheuser-Busch InBev

Philip Morris

There's a proverb that states idle hands are the devil's workshop, which makes sin stocks so compelling. Humans engage in certain practices, whether that involves imbibing or gambling as a means to let off some steam.

3 Sin Stocks to Buy as Consumers Crave Distraction

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) Reports Next Week: Wall Street Expects Earnings Growth

MGM Resorts International filed a lawsuit April 15 against the Federal Trade Commission and its top officer, Chairwoman Lina M. Khan, claiming the agency violated the company's Fifth Amendment right to due process while investigating a September cyberattack against the company.

News for MGM Resorts Stock (MGM)