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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EBITDA

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Net PPE

Intangibles

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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

Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MGM (MGM) delivered earnings and revenue surprises of 1.82% and -7.61%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

MGM Resorts (MGM) Reports Q3 Loss, Misses Revenue Estimates

Shares of MGM Resorts Intl (NYSE:MGM) moved higher by 4.88% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 448.39% year over year to ($1.08), which missed the estimate of ($1.01).

Recap: MGM Resorts Intl Q3 Earnings

Shares of MGM Resorts International sank 3.7% in after-hours trading Thursday, after the casino operator reported a wider-than-expected third-quarter loss and revenue that fell more than forecast as the COVID-19 pandemic continued to hurt operations. The net loss widened to $534.7 million, or $1.08 a share, from $37.1 million, or 8 cents a share, in the year-ago period.

MGM Resorts stock sinks after loss widens and revenue falls more than expected

LAS VEGAS, Oct. 29, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2020. "The third quarter offered signs of stability and recovery driven by strength at our U.S. Regional...

MGM Resorts International Reports Third Quarter Financial And Operating Results

DETROIT, Oct. 28, 2020 /PRNewswire/ -- The Detroit Red Wings announced today they have renewed and expanded their strategic partnership with BetMGM, a market-leading sports betting and gaming platform joint venture between MGM Resorts International (NYSE: MGM) and GVC Holdings (LSE: GVC)....

Detroit Red Wings Renew and Expand BetMGM Strategic Partnership

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The Covid-19 pandemic has wreaked havoc on the hotel industry. Thom Geshay, president of Davidson Hotels & Resorts, shares predictions of what it will take, and when, for a full recovery.

Insider View: When Will The Hotel Industry Recover?

MGM Resorts' (MGM) third-quarter results are likely to reflect dismal performance of both China and domestic operations.

What's in the Offing for MGM Resorts' (MGM) Q3 Earnings?

JERSEY CITY, N.J., Oct. 27, 2020 /PRNewswire/ -- BetMGM, the sports betting joint venture between MGM Resorts International (NYSE: MGM) and GVC Holdings (LSE: GVC), today announced the appointment of Ryan Spoon as Chief Operating Officer. Most recently, Spoon served as Senior Vice...

BetMGM Introduces ESPN Veteran Ryan Spoon as Chief Operating Officer

Booking Hlds

With daily coronavirus cases hitting a new record, Booking Holdings, MGM Resorts, and Marriott all pulled back today.

Why Travel Stocks Were Getting Battered Today

LAS VEGAS, Oct. 26, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) won first place in the Gold category for the 2020 Nevada Governor's Points of Light Awards for Corporate and Business Volunteer Program of the Year. The Governor's Points of Light Awards Ceremony (GPOL) is...

MGM Resorts International Named A Top Company for Volunteerism by Nevada Governor's Points of Light

Is now a good time to jump into MGM's shares?

Should You Wait to Buy MGM Until a Coronavirus Vaccine Is Out?

MGM Resorts (MGM) closed the most recent trading day at $21.41, making no change from the previous trading session.

MGM Resorts (MGM) Flat As Market Sinks: What You Should Know

MGM's land based operations and loyalty program provide it with the flywheel to enable its digital iGaming offering.

MGM: A Brand With Multi-Bagger Potential

Las Vegas Sands

Wynn Resorts

The big lift from the Chinese national holiday failed to materialize.

Macao Casinos Still Tarnished After Soft Golden Week Holiday

The hotel industry is crumbling -- and Uncle Sam may not be coming to the rescue.

Hotel workers and CEOs are furious with Congress for failing to help

LAS VEGAS, Oct. 15, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) was ranked No. 107 on Forbes' list of 750 World's Best Employers for 2020. MGM Resorts is the only company on the Las Vegas Strip to make the list. Forbes partnered with market research firm Statista to compile...

MGM Resorts Named One of World's Best Employers by Forbes

ATLANTIC CITY, N.J., Oct. 15, 2020 /PRNewswire/ -- Borgata Hotel Casino & Spa – an MGM Resorts International (NYSE: MGM) ("MGM Resorts") luxury resort and casino – will reopen The Poker Room at 10am on Wednesday, Oct. 21 following its closure earlier this year amidst the coronavirus...

Borgata Hotel Casino & Spa Announces Return Of Land-Based Poker October 21

Investors have been betting on the casino operator to make a big comeback.

Is MGM Resorts a Millionaire-Maker Stock?

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Turbulent Travel Quarter: Airlines And Hotels Struggle As Disney Shakes Up Structure

MGM Resorts (MGM) and GVC Holdings' joint venture Roar Digital's sports betting brand - BetMGM - has extended its partnership with Betgenius.

MGM Resorts' BetMGM & Genius Sports Unveil Parlay Builder

The casino industry will eventually recover, but these two operators will take different paths forward.

Forget Wynn, MGM Resorts Is a Better Value Stock

LAS VEGAS, Oct. 13, 2020 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has completed its previously announced issuance (the "Offering") of $750,000,000 in aggregate principal amount of 4.750% senior notes due 2028 (the "Notes"), which were...

MGM Resorts International Announces Closing of Offering of $750,000,000 Senior Notes due 2028

Expedia

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MGM stock has lagged other U.S. sports betting stocks. MGM's casinos are holding it back, but they also make the stock a great long-term value.

News for MGM Resorts Stock (MGM)