Revenue segments as reported by the company.

Casino

Rooms

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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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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IAC/InterActiveCorp

UnitedHealth Group

UnitedHealth Group shares have dropped over 20% due to public backlash and political rhetoric; current valuation suggests 17-30% upside potential. IAC remains undervalued in a SOTP framework, with MGM Resorts presenting significant upside due to its clean balance sheet and undervalued core US gaming business. MGM's US gaming business is undervalued at ~9x free cash flow; fair value suggests 25-43% upside when considering its Chinese business stake.

Tax Loss Selling, Three (More) Oversold Stocks

Marriott

Hotel officially joins the MGM Collection with Marriott Bonvoy portfolio, marking the latest step in the long-term strategic licensing agreement between MGM Resorts International and Marriott International LAS VEGAS , Dec. 18, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and Marriott International, Inc. (Nasdaq: MAR) officially mark the debut of W Las Vegas , transitioning the iconic 1,117-suite tower on the Mandalay Bay campus into the globally recognized W Hotels brand. Starting today, Marriott Bonvoy members can book stays and earn and redeem points at this vibrant destination, now part of the MGM Collection with Marriott Bonvoy.

W LAS VEGAS DEBUTS AT MANDALAY BAY

MGM Resorts (MGM -1.50%) was a post-pandemic winner because it benefited from the resurgence of America's in-person entertainment venues after the lockdowns and other movement restrictions. However, with Las Vegas gambling near its peak, the company must look to new international markets to pioneer the next leg of long-term growth.

Where Will MGM Resorts Stock Be in 5 Years?

LAS VEGAS , Dec. 5, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the promotion of Ari Kastrati to Chief Content, Hospitality and Development Officer, effective immediately. In his new role, Kastrati will oversee the Company's global design and development efforts and sports and entertainment partnerships.

MGM RESORTS PROMOTES ARI KASTRATI TO CHIEF CONTENT, HOSPITALITY AND DEVELOPMENT OFFICER

LAS VEGAS , Dec. 2, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the 2024 Bank of America Leveraged Finance Conference on Tuesday, December 3, 2024. Senior leadership from MGM Resorts International and MGM China will speak at a session scheduled to begin at 9:30 a.m.

MGM Resorts International and MGM China to Speak at Leveraged Finance Conference

MGM (MGM) reported earnings 30 days ago. What's next for the stock?

MGM (MGM) Up 1.4% Since Last Earnings Report: Can It Continue?

Sold-Out Bellagio Fountain Club Headlines Race Weekend Experiences with Celebrity Chefs, Top Drivers, Stars and More Click here to download high-res images (credit: MGM Resorts) Click here to download b-roll from Bellagio Fountain Club, Fountain Walk, Boulevard Experience and Shoey Bar (footage courtesy of MGM Resorts) LAS VEGAS , Nov. 25, 2024 /PRNewswire/ -- As the checkered flag waves on the second year of the Las Vegas Grand Prix, MGM Resorts International has once again delivered as the ultimate race-weekend destination. Fans, celebrities and even top drivers - including Max Verstappen, George Russell, Lewis Hamilton and Carlos Sainz – took part in the unforgettable experiences the company curated across the Las Vegas Strip.

MGM RESORTS LEADS THE CHARGE AT LAS VEGAS GRAND PRIX WITH EXCLUSIVE EVENTS AND STAR POWER

Streamlined nationwide access to digital bonuses, MGM Rewards Points, Marriott Bonvoy Points, and more JERSEY CITY, N.J. , Nov. 25, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, today announced a major enhancement to its customer experience by consolidating BetMGM Reward Points (BRPs) into a single account.

BetMGM Rewards Points Now Combined Into Single, Digital Wallet

MGM focuses on strategic partnerships and international expansion to drive growth. However, high costs are a concern.

Here's Why Investors Should Retain MGM Resorts Stock for Now

Cisco Systems

Bringing the Next Generation of Guest Experience to Las Vegas and Beyond News Summary:   Global gaming and entertainment company MGM Resorts International signs a Whole Portfolio Agreement with Cisco to deliver next-generation guest experiences. Agreement gives MGM Resorts access to much of Cisco's software portfolio and Customer Experience (CX) services.

Cisco and MGM Resorts International Sign Multi-Year Agreement

MGM Resorts International offers a compelling investment opportunity with strong momentum in 2025, driven by Las Vegas tourism, digital gaming, and new geographic developments. The company operates four segments: Las Vegas, Regionals, and China, and Digital. Key growth drivers include new resort developments in Japan, Thailand, UAE, and digital expansion internationally, enhancing MGM's revenue and free cash flow.

Why MGM Is A Buy: The Complete Guide

Las Vegas Sands

Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions after three years.

MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?

More than 100 wounded warriors  and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS , Nov. 4, 2024 /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 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino.

MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay

New Experiences Revealed for Once-in-a-Lifetime Race Weekend Across Iconic Center-Strip Resorts Click here for the full lineup, more information and to book reservations ; Follow @MGMResortsIntl  for updates LAS VEGAS , Nov. 1, 2024 /PRNewswire/ -- Push! Push! MGM Resorts International is going full throttle for the second lap of the Las Vegas Grand Prix featuring a robust roster of activations and events across The Strip designed to entertain fans leading up to and during race weekend.

MGM RESORTS INTERNATIONAL SHIFTS INTO HIGH GEAR FOR 2024 LAS VEGAS GRAND PRIX NOVEMBER 21-23

The fundamentals are good for this entertainment company, but the market's reaction to earnings gets the potential wrong.

Down 12%, This Stock Is a Screaming Buy Today

MGM's third-quarter top line reflects strong contributions from MGM China, Las Vegas Strip Resorts and Regional operations.

MGM Resorts' Q3 Earnings Miss Estimates, Revenues Increase Y/Y

MGM Resorts International (NYSE:MGM ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Chapman - Director of Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Gary Fritz - President, MGM Resorts International Interactive Corey Sanders - Chief Operating Officer Hubert Wang - COO and President, MGM China Holdings Kenneth Feng - Executive Director and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz - Jefferies Stephen Grambling - Morgan Stanley Daniel Politzer - Wells Fargo Brandt Montour - Barclays John Decree - CBRE Barry Jonas - Truist Securities Steven Wieczynski - Stifel Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International Third Quarter 2024 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; Kenneth Feng, Executive Director and President of MGM China Holdings; Hubert Wang, COO and President of MGM China Holdings, and Andrew Chapman, Director of Investor Relations.

MGM Resorts International (MGM) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MGM (MGM) Reports Q3 Earnings: What Key Metrics Have to Say

MGM Resorts (MGM) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago.

MGM Resorts (MGM) Q3 Earnings and Revenues Lag Estimates

Visitation Revenue Adjusted EBITDA Posted Year-on-Year Growth A ll Surpassed 2019 Levels HONG KONG , Oct. 30, 2024 /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, 2024 (the "Period"). The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023.

MGM China Reports 2024 Nine-Month Results

Record 3Q consolidated net revenues Record results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDAR MGM China declared a special dividend in August 2024, resulting in approximately $200 million in cash to MGM Resorts in total this year Repurchased over $300 million of shares in 3Q and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since 2021 Accelerating growth at BetMGM with record 3Q net revenues increasing nearly 20% year-over-year, more than doubling the revenue growth achieved in 2Q Advanced international digital strategy by announcing a venture with Grupo Globo to pursue a sports betting and iGaming license in Brazil, aiming to launch the BetMGM brand  LAS VEGAS , Oct. 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2024. "We are pleased to report record consolidated net revenues for the third quarter, driven by record results from MGM China.

MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS

Beyond analysts' top -and-bottom-line estimates for MGM (MGM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Unveiling MGM (MGM) Q3 Outlook: Wall Street Estimates for Key Metrics

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Caesars Entertainment

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Flutter Entertainment PLC

Penn Entertainment

The sector is undervalued because the market is yet to recognize its long-term growth prospects. Overall, this basket portfolio is poised to gain strongly as Q4 events unfold with strong earnings profiles indicated forward either by Q4 2024 or Q1 2025. The market is still chasing AI, which tends to bury other strong stories.

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MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for MGM Resorts Stock (MGM)