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 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

Caesars Entertainment

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.

Thousands of casino workers go on strike in Detroit

Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos operated by MGM Grand Detroit operated by MGM Resorts International , MotorCity Casino and Hollywood Casino at Greektown operated by Penn Entertainment.

Detroit casino workers go on strike after failed talks

Boston Scientific

Given its better prospects, we believe MGM Resorts stock (NYSE: MGM) is a better pick than Boston Scientific stock (NYSE: BSX).

Should You Pick MGM Resorts Over Boston Scientific Stock For Better Returns?

MGM Resorts shares have fallen almost 30% from their 2023 share price high of $51.35 on July 31st. The current share price is greatly affected by the September 14, 2023, Scattered Spider hacking group announcement that had infiltrated MGM's systems, creating significant operational and gaming system outages. Regardless, my five-step analysis of macro, sector, valuation, technical, and brand discovery posits that MGM is positioned for growth from increased post-Covid tourism, sports betting, and online gaming.

MGM Resorts: A High-Risk High-Reward Opportunity

LAS VEGAS , Oct. 12, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the third quarter 2023 after the market closes on Wednesday, November 8, 2023. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces Third Quarter 2023 Earnings Release Date

Disney

NextEra Energy

The outlook for Disney's media business is full of uncertainty, and that presents an opportunity for investors. MGM Resorts is now a cash-flow machine.

3 Bargain-Basement Stocks to Buy Now and Hold Forever

MGM Resorts' (MGM) BetMGM and Inspired Entertainment launch a new online Hybrid Dealer game, MGM Bonus City.

MGM Resorts' (MGM) BetMGM Launches a New Hybrid Dealer Game

First-of-its-kind online game available only at BetMGM JERSEY CITY, N.J. , Oct. 10, 2023 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, and Inspired Entertainment, a leading B2B provider of gaming content, technology, hardware and services, announced today the launch of MGM Bonus City, innovative online Hybrid Dealer game.

BetMGM and Inspired Entertainment Launch MGM Bonus City, Revolutionary Hybrid Dealer® Game

MGM (MGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can MGM (MGM) Keep the Earnings Surprise Streak Alive?

Boyd Gaming

Light & Wonder Inc

Las Vegas Sands

Casino stocks are slumping – and that could be bad news for the US economy. The sector plunging could be a signal that Americans are about to start spending less.

Las Vegas casino stocks are flirting with a bear market. That might be a sign an economic downturn is coming.

MGM Resorts International has put a number on the cost of the disruptive cyberattack it experienced in September. It estimated the damage at $100 million.

MGM Resorts racks up $100M cost from cyberattack

MGM suffered from a 10-day cyberattack last month that's set to cost the company more than $100 million for the third quarter. Despite the financial loss, MGM reportedly refused to pay ransom.

MGM Resorts loses over $100M after refusing to pay ransom to end cyberattack

Clorox

It has been a very eventful couple of weeks for cyberattack-related news among major corporations.

Clorox and MGM Resorts aren't the only companies dealing with cyberattack damage

MGM Resorts' (MGM) third-quarter 2023 earnings are likely to be hurt by cybersecurity issue. However, the company is optimistic about a robust fourth quarter.

MGM Resorts (MGM) Q3 Earnings to be Hit by Cybersecurity Issue

Casino operator MGM Resorts International (NYSE:MGM) expects to face a US$100 million hit from a cyberattack that shut down its computers for 10 days last month. Las Vegas-based MGM updated on Thursday that the attack would incur the hefty hit to its third-quarter results, with a "minimal" impact on its fourth quarter.

News for MGM Resorts Stock (MGM)