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: Solid Long-Term Growth Drivers Are Very Reassuring

MGM's operations on the Las Vegas Strip grew revenue by 27% in the fourth quarter of 2022. Now that Macao has reopened, MGM China has enjoyed a wave of returning visitors.

3 Reasons I'm Bullish on MGM Resorts Stock

MGM Resorts (MGM) continues to emphasize international expansion to drive growth. The company will develop a resort in Osaka.

MGM Resorts (MGM) Receives Approval to Build Resort in Japan

The Macau reopening is going well, as Macau's March gambling revenue rose 247% year-over-year compared to the expected 205%, as tourists rush back to casinos following the extended lockdown in China. It's the highest number since January 2020.

Macau Casinos Are Hot: Is MGM Resorts The Play?

Brookfield Asset Management

Stanley Black & Decker

Most analysts agree that the Federal Reserve will likely start to cut rates later this year, and buying stocks of companies that benefit from such a rate-cut environment is a good idea. It's hard to say whether or not we are at the terminal rate, but I can confidently say that we are pretty close to it.

3 Stocks to Buy Before the Fed Starts to Cut Interest Rates

Certification paves way for MGM Japan and its joint-venture partner ORIX to finalize development of $10 billion integrated resort in Osaka

MGM RESORTS INTERNATIONAL ANNOUNCES OFFICIAL CERTIFICATION OF ITS AREA DEVELOPMENT PLAN IN OSAKA

The group hopes to complete the resort by 2029 on an artificial island in Osaka.

MGM Group Gets OK to Build Japan's First Casino in $8 Billion Project

LAS VEGAS, April 12, 2023 /PRNewswire/ -- Las Vegas' first community-based farming facility opened in the Historic Westside today, thanks in part to a $500,000 contribution from MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") to the city of Las Vegas via the Mayor's Fund for Las Vegas LIFE. The gift purchased the two growing containers that will produce year-round fresh food and jobs for neighborhood residents.

MGM RESORTS CONTRIBUTION HELPS BRING FRESH PRODUCE TO HISTORIC WESTSIDE RESIDENTS

QUALCOMM

The Russell 1000 index has risen 12% since October. The further it goes, the more likely it is that certain stocks will fail to keep pace.

MGM Resorts, Qualcomm, and More Stocks to Sell Into the Market Rally

DraftKings

Penn Entertainment

As more states legalizing sports betting, and revenge travel heats up, the tourism scene in various gambling locales should improve. From “Sin City” to online gambling stocks, there are plenty of options for growth investors looking to get in on the action, by betting on the house.

3 Gambling Stocks to Play the Sports Betting Craze

LAS VEGAS , April 4, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the first quarter 2023 after the market closes on Monday, May 1, 2023. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces First Quarter 2023 Earnings Release Date

Albemarle

Booking Hlds

Ceridian HCM Holding Inc.

Martin Marietta Materials

Marathon Petroleum

NRG Energy

ONEOK

Phillips 66

Valero Energy

Brace yourself for lots of highs and lows when it comes to first-quarter S&P 500 earnings results. The spread will be large.

Analysts Predict A Blow-Out First-Quarter Profit From 11 Stocks

Las Vegas Sands

Melco Resorts and Entertainment

Wynn Resorts

The Macau revenue tally was the highest since January 2020, just before Covid-19 lockdowns began. Gaming stocks gained.

Gaming Stocks Pop Near Buy Points As Macau Revenue More Than Triples

Inspired by the Timeless Beauty of Northern Italy, New Designs Elevate Las Vegas' Luxury Hospitality Experience LAS VEGAS , March 30, 2023 /PRNewswire/ -- Bellagio is revealing details surrounding the $110 million transformation of all rooms and suites within its luxurious Spa Tower, delivering contemporary accommodations inspired by the beauty and tranquility of Italy's Lake Como. Following the AAA Five Diamond resort's recent remodel of more than 2,500 guest rooms in its main tower, the Spa Tower redesign, which encompasses 819 guest rooms and 104 suites, is slated for completion in October, with the first collection of rooms available for guest stays beginning in July.

BELLAGIO EMBARKS ON $110 MILLION TRANSFORMATION OF SPA TOWER ROOMS AND SUITES

BetMGM recognized for its responsible gaming initiatives  JERSEY CITY, N.J. , March 30, 2023 /PRNewswire/ -- BetMGM announced today that it has received one of the industry's top accreditations from the Responsible Gambling Council (RGC) for the responsible gaming and player protection protocols incorporated into its North American platforms and operations.

Responsible Gambling Council Approves BetMGM for Top Accreditation

Coalition acts on commitments to 12 responsible gaming principles, to be reviewed externally NEW YORK , March 30, 2023 /PRNewswire/ -- A coalition of the largest online gaming operators in the country, which came together last September to agree on industry-led responsible gaming standards, has welcomed three new members to its ranks: Fanatics Betting and Gaming, Hard Rock Digital, and PointsBet. The industry-leading coalition now includes the following nine members: Bally's, BetMGM, DraftKings, Entain, Fanatics, FanDuel, Hard Rock Digital, PointsBet, and MGM Resorts International.

Fanatics, Hard Rock Digital, PointsBet Join Coalition of Leading Online Operators Focused on Responsible Gaming

Caesars Entertainment

IAC/InterActiveCorp

A night at the casino might seem like an experience frozen in time -- imagine visions of James Bond or pressing your luck at the craps table -- but the casino industry is changing fast, and new developments present a unique opportunity for investors.

Investing in Casino Stocks

Flutter Entertainment PLC

Bilibili

NetEase

For this column, I will define “hot gaming stocks” as companies in the gambling and video-game sectors that have positive momentum. In the U.S., gambling stocks are generally poised to generate strong results.

7 Hot Gaming Stocks to Invest in Now

Macao is already starting to see a surge in post-zero-COVID business.

This Is the Best Way to Play China's Recovery in 2023

Adobe

Bank of America

General Motors

Lennar

Western Alliance Bancorporation

According to JPMorgan, “Value investing is about picking stocks based on their potential long-term value,” and “Value investors are looking to buy stocks that are overlooked by other investors.” With concerns about the economy being way overdone at this point and fears on the Street, in general, running relatively high, there are many value stocks to buy that market is vastly underestimating “potential long-term value.

7 Great Value Stocks to Buy While You Can

Affiliated Managers

Cooper Companies

NVIDIA

Vertiv Holdings Co

Encore Wire

White Mountains Insurance Group

The lowest-paying dividend stocks don't have the same cachet as their high-yielding counterparts. After all, if you are looking for your portfolio to generate steady returns and/or steady income, you obviously want to find the stocks that can provide the highest risk-adjusted return.

The 7 Lowest-Paying Dividend Stocks for Income Haters

Vici Properties

W. P. Carey

Why gamble when you can invest? Share in the profits from owning iconic casinos with VICI Properties.

News for MGM Resorts Stock (MGM)