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

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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.

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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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Operating expenses

SG&A

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Operating income

EBITDA

Net income

Earnings per share

Total assets

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Cash & equivalents

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Net PPE

Intangibles

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Income tax payable

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Total equity

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Total liabilities & equity

Total debt

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Book value per share

Cash from operations

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Change in working capital

Cash from investing

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LAS VEGAS , Nov. 21, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the Bank of America Leveraged Finance Conference on Tuesday, November 28, 2023. MGM Resorts CFO and Treasurer Jonathan Halkyard will speak at a session scheduled to begin at 3:30 p.m.

MGM Resorts International Chief Financial Officer to Speak at the Bank of America Leveraged Finance Conference

LAS VEGAS , Nov. 20, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named a Pinnacle Inclusion Index Company in the 2023 Seramount Inclusion Index. Renowned as the preeminent organization for diversity thought leaders to share best practices and develop innovative solutions for cultural change, Seramount's recognition underscores MGM Resorts' commitment to advancing diversity, equity and inclusion (DEI) across its operations.

MGM Resorts International Recognized for Superior Achievement in Creating an Inclusive Workplace

Caesars Entertainment

Wynn Resorts is the last of the three casino giants that has yet to reach a tentative deal with employees before the strike deadline at 5 a.m. tomorrow.

MGM And Caesars Avert Strikes By Las Vegas Casino Workers—Days Before Formula 1 Grand Prix

MGM Resorts (MGM) third-quarter 2023 results are aided by an increase in revenues at MGM China.

MGM Resorts' (MGM) Q3 Earnings & Revenues Top, Stock Up

The deal, the second in two days with a major resort operator, was announced on the day before a strike deadline set by two major unions.

Las Vegas Unions and MGM Resorts Reach Tentative Labor Agreement

MGM China revenue of $813 million are 829% higher than the same period last year.

MGM Stock Rises. It Isn't Just China Improvements Tempting Investors to Go All in.

MGM Resorts International (NYSE:MGM ) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Andrew Chapman - Director, IR William Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Joseph Greff - JPMorgan Daniel Politzer - Wells Fargo Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America David Katz - Jefferies Robin Farley - UBS Barry Jonas - Truist Securities John DeCree - CBRE Securities Chad Beynon - Macquarie Research Jordan Bender - JMP Securities Operator Good afternoon, and welcome to the MGM Resorts International Third Quarter 2023 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; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.

MGM Resorts International (MGM) Q3 2023 Earnings Call Transcript

MGM Resorts International achieved its first quarter of profitability on its investment in the online gaming joint venture, BetMGM.  The company's 50% share of operating income in the third quarter was $13 million, and executives expect that business to continue to grow, according to a presentation released Wednesday (Nov. 8) in conjunction with the company's quarterly earnings call.

MGM Resorts Expects Continued Growth and Expansion of Online Gaming

Affirm

Disney

Twilio

While Disney continues to dig itself out of its hole, Affirm adds to its stellar 2023 so far on a big revenue beat.

Earnings Beats After the Bell: Affirm, Twilio, Disney, MGM

Visitation Revenue Adjusted EBITDA A ll Surpassed 2019 Solid Market Share and Margin HONG KONG , Nov. 8, 2023 /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 and nine months ended September 30, 2023. The Group is pleased to see a solid recovery in Macau since the beginning of the year.

MGM China Reports 2023 Third-Quarter Results

MGM Resorts International (NYSE:MGM) announced a new $2 billion share repurchase program after having bought back 13 million common stock shares for $572 million during its third quarter. CFO Jonathan Halkyard told shareholders that the company views share repurchases as an “attractive opportunity to return value to our shareholders.

MGM Resorts launches $2B share buyback as 3Q results showcase profit

Finalized Japan certification process by signing the Implementation Agreement for our Integrated Resort in Osaka Repurchased $572 million in shares during the quarter New $2 billion share repurchase program authorized by the Board of Directors LAS VEGAS , Nov. 8, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2023. "We started the quarter with great momentum across our businesses.

MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2023 FINANCIAL AND OPERATING RESULTS

MGM Resorts' (MGM) third-quarter 2023 results are likely to reflect gains from the robust performance of MGM China.

MGM Resorts (MGM) to Post Q3 Earnings: MGM China to Hold Key

MGM Resorts (MGM) third-quarter 2023 results are likely to benefit from strong MGM China performance, international expansion and solid sports betting and iGaming prospects.

MGM Resorts (MGM) to Post Q3 Earnings: What's in Store?

MGM Resorts International's diverse revenue streams make it the most resilient gaming company against a potential recession. The Las Vegas market provides insights into how the gaming sector may respond to a recession. MGM's global footprint and diverse holdings position it well for future growth and recovery.

MGM Resorts: Despite Cyberattack, Best Recession-Resistant Play In The Sector

Wynn Resorts

LAS VEGAS — Tens of thousands of Las Vegas hotel workers set a deadline Thursday for a sweeping strike, threatening major disruptions to the city's economic backbone that could coincide with the Strip's inaugural Formula 1 races later this month.

Tens of thousands of Las Vegas Strip hotel workers may on go strike this month

American Airlines

More than 100 wounded warriors  and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS , Nov. 2, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 10. Now in its 13th year, the five-day celebration will take place at Mandalay Bay Resort & Casino.

MGM Resorts Teams with USO and American Airlines for 13th Annual Salute to the Troops at Mandalay Bay

Charter Communications

Cigna

GEO Group

Generac Holdings

iHeartMedia

Nexstar Media Group

Precision Drilling

Stellantis N.V. 

Warner Bros Discovery Inc

The investing world saw only a few names gain as much notoriety as Michael Burry.

Michael Burry stock portfolio performance update

Sports betting leader expands to 28th market ALBUQUERQUE, N.M. , Nov. 1, 2023 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today announced the opening of a new retail sportsbook at Isleta Resort & Casino in Albuquerque.

BetMGM Opens Retail Sportsbook at Isleta Resort & Casino in New Mexico

Dolby Laboratories

Bellagio Fountain Club to Host Official Las Vegas Grand Prix Winner's Stage Culinary legends José Andrés, Christina Tosi, Alain Ducasse, Rainer Becker join Bellagio Fountain Club's superstar chef lineup Bellagio Fountain Club will offer guests exclusive live race coverage in Dolby Vision courtesy of Dolby and powered by LG Electronics' award-winning OLED evo TVs LAS VEGAS , Oct. 26, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) is sharing new details surrounding the Bellagio Fountain Club , which will take center stage during the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX with special events and experiences before, during and after the race, November 16-18. Throughout the weekend, the Las Vegas Grand Prix Winner's Stage at the Bellagio Fountain Club will be home to performances by entertainers from MGM Resorts' entertainment portfolio before welcoming the race's top drivers for post-race commentary on Saturday night.

MGM RESORTS REVEALS NEW DETAILS ABOUT BELLAGIO FOUNTAIN CLUB EXPERIENCE AT FORMULA 1® HEINEKEN SILVER LAS VEGAS GRAND PRIX

Iconic Ibizan cabaret delivers next act of show-stopping Fountain-side entertainment November 12 - 22 LAS VEGAS , Oct. 25, 2023 /PRNewswire/ -- Ibiza's most exclusive cabaret dining experience is set to make its grand return to the U.S. during the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX when Lío takes over The Mayfair Supper Club, Bellagio's acclaimed restaurant and entertainment destination. The Mayfair will transform into the Ibizan spectacle November 12-22 at 8 p.m.

Lío Ibiza Returns with Exclusive Takeover of Bellagio's Mayfair Supper Club During Formula 1 Heineken Silver Las Vegas Grand Prix

Here is how MGM Resorts (MGM) and Wynn Resorts (WYNN) have performed compared to their sector so far this year.

Is MGM Resorts International (MGM) Stock Outpacing Its Consumer Discretionary Peers This Year?

Axon Enterprise

Exact Sciences

First Solar

Plug Power

Rivian Automotive

Super Micro Computer

With inflation under control, and economic growth still strong, there should be plenty of winning stocks between now and the end of the year. In fact, consider this.

7 Winning Stocks That Will Make You an Investing Champion

Pop-Up Experiences, Exclusive Culinary Events, Thrilling Activations Debut for Race Weekend Click here for the full lineup, more information and to book reservations . Follow @MGMResortsIntl for updates.

MGM RESORTS GOES FULL THROTTLE FOR FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX

Penn Entertainment

Casino workers in Detroit are seeking higher wages and better working conditions as the cost of living has increased in recent years.

News for MGM Resorts Stock (MGM)