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

Disney

Netflix

Take-Two Interactive Software

Editor's note: This article is regularly updated with the latest information. For nearly all of 2022, the bears have been reigning.

4 Best Entertainment Stocks to Buy Now

Jamie Foxx, Vanessa Hudgens and Sports Icons Star in Betting Operator's New Campaign JERSEY CITY, N.J. , Sept. 6, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, premiered its new commercial campaign today on a variety of social media platforms.

BetMGM Debuts "IT'S ON" Advertising Campaign Featuring Star-Studded Cast

MGM Resorts' (MGM) BetMGM launches online sports wagering platform in Kansas. The company expands BetMGM's mobile and online product offerings to 24 states.

MGM Resorts' (MGM) BetMGM Unveils Online Offerings in Kansas

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

Why Is MGM (MGM) Down 8.5% Since Last Earnings Report?

Digital gaming operator enters 24th market on first day of state's legal sports betting JERSEY CITY, N.J. , Sept. 1, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today launched its mobile app in Kansas.

BetMGM Launches Mobile Sports Betting in Kansas

LAS VEGAS , Aug. 31, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that its public tender offer for the shares of LeoVegas AB (publ) ("LeoVegas") has been accepted by 96% of LeoVegas shareholders at a price of SEK 61.00 in cash per share, equivalent to a total tender value of approximately $604 million i. Settlement of the shares is expected to be initiated on or around September 7, 2022.

MGM RESORTS INTERNATIONAL ANNOUNCES ACCEPTANCE OF PUBLIC TENDER FOR LEOVEGAS

Entertainment leaders to provide unprecedented access to player resources and employee education LAS VEGAS , Aug. 31, 2022 /PRNewswire/ -- MGM Resorts International and BetMGM are proud to partner with the American Gaming Association (AGA) to promote the launch of Responsible Gaming Education Month (RGEM 2022) in September. As the gaming industry experiences monumental growth, MGM Resorts and BetMGM are elevating their unified commitment to responsible gaming.

MGM RESORTS & BETMGM TOUT PLAYER RESOURCES, SUPPORT DURING INAUGURAL RESPONSIBLE GAMING EDUCATION MONTH

Las Vegas is packed, still below 2019 levels. Macau reopening and BetMGM expansion can boost the stock higher.

MGM Resorts Will Entertain Your Portfolio

Darden Restaurants

Gap Inc

Southwest Airlines

Mastercard

Simon Property Group

Tesla

An economic recession is looking increasingly likely and it's time to look around for stocks to sell. A majority of economists (72%) polled by the National Association of Business Economics say they expect the U.S. to enter a recession by the middle of next year.

7 Stocks to Sell When Consumer Confidence Is Falling

Penn Entertainment

While the market still faces significant uncertainty, these companies are worth a closer look.

Are These 2 Gambling Stocks Poised for a Comeback?

Casinos are now a great cash flow business.

Love Cash Flow? You'll Love MGM Resorts Stock

NEW YORK , Aug. 23, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and SportsGrid, the nation's first live sports wagering streaming video network, announced today an expansion and extension of their strategic partnership. Under the multi-year agreement BetMGM's trading team and experts will provide insight during various broadcasts including Ferrall Coast to Coast, Pro Football Today and In-Game Live Primetime.

BetMGM and SportsGrid Announce Expanded Multi-Year, Multi-Platform Agreement

Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in Macau.

MGM China to inject $594 million into Macau unit to re-tender for casino license

LAS VEGAS , Aug. 17, 2022 /PRNewswire/ -- The MGM Resorts Foundation (the "Foundation") has awarded nearly $2 million in the form of 82 grants to nonprofit organizations located in communities around the country in which MGM Resorts operates, including Southern Nevada, Michigan, Mississippi, New Jersey, New York, Northeast Ohio, the DC Metropolitan area and Western Massachusetts. Funding was awarded to organizations that provide basic needs services to community residents.

MGM RESORTS FOUNDATION AWARDS NEARLY $2 MILLION IN GRANTS TO AREA NONPROFIT ORGANIZATIONS

Caesars Entertainment

Wynn Resorts

There's a lot more to Las Vegas than gambling.

Las Vegas Is no Longer a Casino Town

Six Flags

CinCor Pharma

Ecolab

Although US stocks closed higher on Monday, there were a few notable insider trades.

Insiders Buy Around $70M Of 4 Stocks: Six Flags Entertainment, MGM Resorts And More

MGM Resorts stock has gained about 17% over the last month (21 trading days) considerably outperforming the S&P 500 which remains up by about 6% over the same period. The recent rally is being driven by a couple of factors including the company's stronger than expected Q2 2022 results.

What's Next For MGM Resorts After A Strong Q2?

Ford Motor Company

NXP Semiconductors

In an Aug. 1 column, I suggested that only low-end consumers were struggling, and I stated that “those problems are not going to hurt most large growth stocks significantly.” On Aug. 9, investor and commentator Josh Brown, who has been very pessimistic on the state of America's consumers until very recently, said on CNBC that the top 75% of consumers are not having financial problems due to inflation.

3 Cheap Value Stocks That Just Got More Enticing

DraftKings

Red Rock Resorts

The S&P 500 index is up about 9% so far in the third quarter of this year, while the consumer discretionary sector is up about 19%.

Is Now the Time to Place a Bet on Casino Stocks?

Ferrara to co-host weekly sports podcast, partner in marketing campaigns and participate in fan events JERSEY CITY, N.J., Aug. 10, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today the signing of actor Jerry Ferrara as a celebrity brand ambassador and its newest podcast host.

BetMGM Taps Actor Jerry Ferrara as Celebrity Brand Ambassador and Content Creator

Partnership sets stage for future activations in Canada JERSEY CITY, N.J. , Aug. 9, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today a multi-year partnership extension with the National Football League (NFL), becoming one of the League's Official Sportsbook Partners in Canada.

BETMGM BECOMES AN OFFICIAL SPORTSBOOK PARTNER OF THE NATIONAL FOOTBALL LEAGUE IN CANADA

Earnings calls don't always tease out what should be obvious to investors who take a long-term view. MGM's ambitions go way beyond the water's edge.

MGM Resorts: Hiding In Plain Sight, A Global Giant In The Making

Olaplex Holdings

Rivian Automotive

Block

Uber

Major companies are trading at a discount right now, resulting in several large-cap stocks to buy before the bull market returns. While nearer-term momentum has brought some bullishness into the arena, the benchmark S&P 500 is down 15% on a year-to-date basis, presenting opportunities for contrarian investors.

7 Large-Cap Stocks to Buy Before the Bull Market Returns

MGM Resorts (MGM) second-quarter performance benefits from robust regional operations, courtesy of strong leisure demand and a better convention business.

MGM Resorts (MGM) Q2 Earnings Miss Estimates, Revenues Top

MGM's U.S. business is hitting on all cylinders.

News for MGM Resorts Stock (MGM)