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

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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

It was a rough second quarter for MGM Resorts this year as revenues dropped by 91% (y-o-y) and operating losses reached $1 billion. The company observed a monthly cash burn rate of $270 million and $65 million at its domestic and Macau properties, respectively.

MGM Resorts: Risks and Opportunities?

MGM stock bulls are in good company, as a famous billionaire's stake represents hope for higher prices.
The post After a $1B Injection, MGM Resorts Roars Back and Looks Terrific appeared first on InvestorPlace.

After a $1B Injection, MGM Resorts Roars Back and Looks Terrific

Boyd Gaming

Gaming and Leisure Properties

Penn Entertainment

Vici Properties

Las Vegas is struggling to recover from the coronavirus shutdown, but Bank of America analyst Shaun Kelley said Thursday regional U.S.

Analyst: Regional Casino Stocks 'Uniquely Positioned To Enjoy The Most Upside'

LAS VEGAS, Aug. 12, 2020 /PRNewswire/ -- MGM Resorts International Founder, Kirk Kerkorian's estate announced a donation of an additional $2 million to The MGM Resorts Foundation to support MGM employees impacted economically by the coronavirus (COVID-19) pandemic.

Estate Of Kirk Kerkorian Donates Additional $2 Million To The MGM Resorts Foundation For MGM Employee Emergency Grant Fund

MGM stock is healing but it will take time. Chasing headline pops is risky especially when it is headed into resistance.

MGM Resorts Stock Is Stuck in Muck But Still a Good Bet

Las Vegas Sands

Wynn Resorts

Visitors from the neighboring city of Zhuhai are first in line for the permits.

Casino Mecca Macao to Begin Reissuing Tourist Visas

American Airlines

Delta Air Lines

Southwest Airlines

Occidental Petroleum

Royal Caribbean Cruises

United Continental Hlds

Casino, cruise-line, and airline stocks are roaring higher today on some positive news for the travel industry.

S&P 500 News: MGM, Royal Caribbean, United Leading Casino, Cruise, Airline Stocks Higher; Oxy Stock Down After Earnings

Melco Resorts and Entertainment

Macao was in the news in a good way for casino stocks today.

Why Casino Stocks Jumped Double Digits on Monday

Amazon

Nikola

Workhorse Group

MGM Resorts, Amazon, Workhorse Group and Nikola were our top stock trades for Tuesday. Here's a look at the charts.

4 Top Stock Trades for Tuesday: MGM, AMZN, WKHS, NKLA

IAC/InterActiveCorp

IAC/InterActiveCorp. embarked on a new chapter in its corporate history Monday by announcing a 12% stake in MGM Resorts International as it looks to reshape the business following the formal separation of Match Group Inc.

Earnings Results: IAC begins new chapter with MGM stake, sees growing demand for Vimeo business

IAC recently spun off its stake in Tinder-owner Match. But the company apparently has its sights set on people taking a different kind of gamble: It has bought a nearly $1 billion stake in MGM Resorts.

Barry Diller's IAC rolls dice with $1 billion stake in casino giant MGM

MGM's online gaming business, which currently constitutes a tiny portion of its revenue, was what initially attracted Diller, the billionaire told shareholders in a letter.

MGM Resorts shares rise after $1 billion investment from Barry Diller's IAC

IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online gaming business, among other things.

Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

A key driver of the investment decision was MGM's potential in the sports betting and online gambling markets.

IAC/Interactive Takes a $1 Billion Stake in MGM Resorts

IAC/InterActiveCorp. IAC, +1.34% announced Monday morning that it had accumulated a 12% stake in MGM Resorts International MGM, +3.08% that's worth about $1 billon.

MGM stock surges after IAC takes 12% stake in a bet on online gaming

LAS VEGAS, Aug. 10, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today welcomed the announcement that IAC/InterActiveCorp (IAC), the media and technology company founded and led by renowned business leader Barry Diller, has made a significant investment in MGM Resorts.

MGM Resorts International Welcomes IAC As A Significant Investor

Penn National Gaming is ripping after earnings, buoying all gambling stocks. That said, here are a few of the top options to buy now.

3 Gambling Stocks to Buy After Penn National Gaming’s Earnings Pop

Gaming stocks are significantly outperforming the market.

Here's Why MGM Resorts, Wynn Resorts, and Other Casino Stocks Are Rising Today

MGM's Las Vegas casinos are performing better than expected and the company has plenty of liquidity. Investors should buy MGM stock.

Why the Long-Term View of MGM Is Positive

Aphria

DraftKings

Lockheed Martin

Altria

Boston Beer Company

Veru

If you’re able to overlook the shortcomings of these seven sin stocks, your long-term gains will be enough to soothe your conscience.

7 Sin Stocks Whose Profits Are Too Irresistible to Pass Up

Authorities now demand a negative coronavirus test within 3 days of entry from Hong Kong.

Casino Operators in Macao Face Fallout From New Entry Restrictions

On July 30, the Bellagio operator delivered second-quarter results that were more dismal than expected and that's saying something because with commercial casinos across the U.S shuttered large parts, or in some cases, all of the June quarter, the earnings bar is low for the gaming industry. MGM said it lost $1.67 a share on revenue of $289.81 million in the April through June period.

MGM Stock Will Survive the Pandemic, but It Isn’t Going to Thrive

MGM Growth Properties

MGM Growth Properties' (MGP) CEO James Stewart on Q2 2020 Results - Earnings Call Transcript

MGM stock is worth 3.5 times more, but because its liquidity is so tight right now, the road to those gains will be rocky.
The post MGM Resorts May Have Just Enough Liquidity to Survive appeared first on InvestorPlace.

MGM Resorts May Have Just Enough Liquidity to Survive

Gaming revenues declined sharply in Macau due to a reduction in footfall as China continued to decline individual and group visas to Macau as a safety precaution.

News for MGM Resorts Stock (MGM)