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' (MGM) fourth-quarter top line benefits from increased business volume and travel activity, primarily at the Las Vegas Strip Resorts and Regional Operations.

MGM Resorts' (MGM) Q4 Earnings And Revenues Beat Estimates

MGM Resorts International (NYSE:MGM) bested revenue expectations for the fourth quarter, despite worse-than-anticipated losses.

Revenue Beat Draws Analysts, Bulls to Casino Stock

Wynn Resorts

Investors are fully committed to seeing the world get back to normal.

These Winning Stocks Look Like a Smart Bet

While the top- and bottom-line numbers for MGM (MGM) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MGM (MGM) Reports Q4 Earnings: What Key Metrics Have to Say

MGM Resorts International (NYSE:MGM ) Q4 2022 Earnings Conference Call February 8, 2023 5:00 PM ET Company Participants Andrew Chapman - Director, IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Shaun Kelley - Bank of America Joseph Greff - JPMorgan Cassandra Lee - Jefferies Carlo Santarelli - Deutsche Bank Stephen Grambling - Morgan Stanley Chad Beynon - Macquarie Research Robin Farley - UBS John DeCree - CBRE Securities Barry Jonas - Truist Securities Steven Wieczynski - Stifel Daniel Politzer - Wells Fargo Jordan Bender - JMP Securities Operator Good afternoon, and welcome to the MGM Resorts International Fourth Quarter and Full Year 2022 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) Q4 2022 Earnings Call Transcript

Executives at casino-resort operator MGM Resorts International Inc. are betting on best-ever returns next month, as March Madness and other big events converge on Las Vegas.

Wall Street likes MGM's March Madness odds, stock buyback

Solid Market Share Gain      Awarded 10-Year Macau Gaming Concession Contract Positioned for Market Recovery HONG KONG , Feb. 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 months and 12 months ended December 31, 2022 (the "Year"). Macau and Greater China were under the adverse impact of the COVID-19 pandemic in 2022.

MGM China Reports 2022 Annual Results

Record Adjusted Property EBITDAR in 4Q and full year 2022 for Las Vegas Strip Resorts and Regional Operations Share buybacks of $2.8 billion in 2022 and $352 million in 4Q22 New $2 billion share repurchase program authorized by the Board of Directors Closed on the sale of the operations of The Mirage for $1.1 billion in cash Awarded new 10-year gaming concession in Macau LAS VEGAS , Feb. 8, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2022. "We achieved our fifth consecutive quarter of record-breaking Las Vegas Strip Resorts Adjusted Property EBITDAR in the fourth quarter," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts.

MGM RESORTS INTERNATIONAL REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL AND OPERATING RESULTS

MGM verticals cover the entire spectrum of gaming's post-pandemic future both in brick-and-mortar and online gaming. IAC increased its MGM holding to 16.5% of the outstanding, adding to its original position last September.

MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation

Affirm

Disney

Robinhood

In early morning trading Tuesday, the Dow Jones industrials were 0.31% lower, the S&P 500 was down 0.2% and the Nasdaq traded flat.

Earnings Previews: Affirm, Disney, MGM Resorts, Robinhood

MGM Resorts (MGM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why MGM Resorts (MGM) Might Surprise This Earnings Season

MGM Resorts (MGM) fourth-quarter 2022 results are likely to reflect gains from increased visitation in the Las Vegas market.

MGM Resorts (MGM) Gears Up for Q4 Earnings: What's in Store?

Alibaba

Taiwan Semiconductor Manufacturing

The New York State Common Retirement Fund cut stakes in Alibaba, Taiwan Semiconductor, and MGM in the third quarter. It doubled down on Harley-Davidson.

Third-Largest U.S. Pension Sells Alibaba, TSMC, and MGM Stock.

Company recognized by Women's Business Enterprise National Council as one of America's top corporations for women's business enterprises LAS VEGAS , Feb. 1, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named one of the 2023 America's Top Corporations for Women's Business Enterprises (WBEs) by the Women's Business Enterprise National Council (WBENC). MGM Resorts is one of only four honorees in the travel & hospitality and arts, entertainment & recreation category and the only gaming company to be recognized.

MGM RESORTS INTERNATIONAL HONORED AS A NATIONAL LEADER IN SUPPORTING WOMEN-OWNED BUSINESSES

MGM Resorts' (MGM) BetMGM and MGM Springfield collaborates with the Massachusetts Gaming Commission to boost gaming offerings in Massachusetts.

MGM Resorts (MGM) Unveils Sport Betting in Massachusetts

MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MGM Resorts (MGM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Springfield Mayor Domenic J. Sarno & Boston hockey legend Ray Bourque place state's first legal wagers at BetMGM's Sportsbook SPRINGFIELD, Mass.

BetMGM Sports Betting Now Live in Massachusetts at MGM Springfield

MGM Resort's (MGM) BetMGM expects to be EBITDA positive in the second half of 2023.

MGM Resorts' (MGM) BetMGM Optimistic About 2023 Prospects

MGM Resorts & NFLPA to collaborate on original content and events LAS VEGAS , Jan. 27, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) announced today a multi-year agreement to become a hospitality and strategic partner of the National Football League Players Association (NFLPA). Under the agreement, the two sides will collaborate on creating new content and fan experiences with current and retired NFL players.

MGM Resorts International and the National Football League Players Association launch events and hospitality partnership

Entain PLC

Entain PLC (LSE:ENT) has revealed that BetMGM, its 50/50-owned joint venture with MGM Resorts International, saw revenue rise strongly in 2022, as the company targets positive earning for 2023. The FTSE 100-listed betting group said BetMGM net revenue was US$1.44bn in 2022, up 69% from about US$850mln in 2021, and ahead of its prior guidance of US$1.3 billion.

Entain says BetMGM, its 50/50-owned joint venture with MGM Resorts International, saw revenue rise strongly in 2022

BetMGM expected to be EBITDA positive in the Second Half of 2023 JERSEY CITY, N.J. , Jan. 26, 2023 /PRNewswire/ -- BetMGM, one of the leading sports betting and iGaming operators in North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on performance and outlook for 2023.

BETMGM BUSINESS UPDATE: FY22 NET REVENUE FROM OPERATIONS OF $1.44 BILLION, AHEAD OF EXPECTATIONS¹

MGM Resorts stock has gained about 16% over the last month (21 trading days) outperforming the S&P 500 which remains up by about 5% over the same period.

Up 16% Over The Past Month, What's Next For MGM Stock?

American Airlines

Booking Hlds

Airbus SE

Hyatt Hotels

Vail Resorts

Uber

It's totally plausible for economists, investors, stock pundits, and others to have very different views about the economy and the stock market's outlook. But when it comes to the travel sector, I think it's crystal clear that the space is continuing to boom.

The 7 Best Travel Stocks to Buy for January

LAS VEGAS , Jan. 17, 2023 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update on Thursday, January 26, 2023 at approximately 8:30 a.m. Eastern Time (1:30 pm UK).

MGM RESORTS AND ENTAIN ANNOUNCE BETMGM BUSINESS UPDATE

Sharplink Gaming Inc

MINNEAPOLIS, MN / ACCESSWIRE / January 17, 2023 / SharpLink Gaming Ltd. (NASDAQ:SBET) ("SharpLink" or the "Company"), a pioneer of targeted conversion solutions for the U.S. sports betting and iGaming industries, today announced that it has formed a new strategic partnership with BetMGM , a leading sports betting and iGaming operator.

News for MGM Resorts Stock (MGM)