Financial Performance - MGM Resorts reported record full-year consolidated net revenues of $17.2 billion, an increase of 7% from the prior year[5]. - Consolidated net revenues for Q4 2024 were $4.3 billion, a decrease of 1% compared to the prior year quarter[6]. - Net income attributable to MGM Resorts for the full year was $747 million, down from $1.1 billion in the prior year[15]. - Adjusted EPS for the full year was $2.59, compared to $2.67 in the prior year[18]. - Total revenues for the twelve months ended December 31, 2024, reached $17,240,545, an increase of 6.7% from $16,164,249 in 2023[52]. - Net income attributable to MGM Resorts International for the twelve months ended December 31, 2024, was $746,558 thousand, down from $1,142,180 thousand in 2023, indicating a decrease of 34.66%[63]. - Adjusted EPS for the twelve months ended December 31, 2024, was $2.40, compared to $3.19 in 2023, indicating a decline of 24.6%[52]. - The company reported a total operating income of $291,565 for the three months ended December 31, 2024, down 30.5% from $419,344 in the same period of 2023[52]. Revenue Sources - MGM China achieved record full-year Segment Adjusted EBITDAR of $1.1 billion, up 25% from the previous year[5]. - Casino revenue for Las Vegas Strip Resorts decreased by 15% to $501 million in Q4 2024[21]. - MGM Resorts experienced a 6% increase in casino revenue in Regional Operations, totaling $676 million in Q4 2024[26]. - Casino revenue for the three months ended December 31, 2024, was $2,210,746, slightly up from $2,203,523 in 2023, showing a marginal increase of 0.1%[52]. - Las Vegas Strip Resorts generated net revenues of $8,816,113 thousand for the twelve months ended December 31, 2024, slightly up from $8,799,146 thousand in 2023, an increase of 0.19%[57]. - MGM China reported net revenues of $4,022,384 thousand for the twelve months ended December 31, 2024, up from $3,153,609 thousand in 2023, a growth of 27.53%[57]. Shareholder Actions - The company repurchased 33 million shares in 2024, reducing shares outstanding by over 40% since 2021[5]. - The weighted average diluted shares outstanding decreased to 299,447 for the three months ended December 31, 2024, from 340,151 in the same period of 2023[52]. Digital and Market Expansion - The company noted a significant $41 billion market opportunity for its global MGM Digital business[2]. - MGM Resorts is pursuing targeted expansion in Asia, specifically through an integrated resort development in Japan[46]. - The company is focused on enhancing its digital presence, including the launch of MGM Digital in Brazil, to strengthen its market position[48]. - MGM Resorts aims to position BetMGM as a leader in sports betting and iGaming, reflecting its strategic growth initiatives in the gaming sector[48]. - BetMGM is expected to be profitable in 2025, with accelerated revenue growth throughout 2024[5]. Financial Position - Cash and cash equivalents decreased to $2,415,532 thousand as of December 31, 2024, from $2,927,833 thousand a year earlier, a decline of 17.43%[55]. - Total current assets decreased to $4,363,599 thousand as of December 31, 2024, from $4,910,593 thousand in 2023, a reduction of 11.14%[55]. - Total liabilities increased to $38,511,671 thousand as of December 31, 2024, compared to $38,001,047 thousand in the previous year, an increase of 1.34%[55]. - The operating lease liabilities remained stable at $25,076,139 thousand as of December 31, 2024, compared to $25,127,464 thousand in the previous year[55]. - The company reported a decrease in retained earnings to $3,081,753 thousand as of December 31, 2024, down from $3,664,008 thousand in 2023, a decline of 15.93%[55]. EBITDA Metrics - Consolidated Adjusted EBITDA for the three months ended December 31, 2024, was $330,899, compared to $413,066 for the same period in 2023, reflecting a decrease of 20%[52]. - Consolidated Adjusted EBITDA for the twelve months ended December 31, 2024, reached $2,410,841 thousand, compared to $2,335,527 thousand for the same period in 2023, reflecting an increase of 3.22%[63].

MGM Resorts reports record full year consolidated net revenues, up 7% to $17.2 billion MGM China has record full year Segment Adjusted EBITDAR of $1.1 billion, an increase of 25% from prior year Repurchased over 33 million shares in 2024, reducing shares outstanding by more than 40% since 2021 BetMGM accelerated its revenue growth through 2024 and expects to be profitable in 2025LAS VEGAS, Feb. 12, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported fi ...

The upcoming report from MGM Resorts (MGM) is expected to reveal quarterly earnings of $0.32 per share, indicating a decline of 69.8% compared to the year-ago period. Analysts forecast revenues of $4.28 billion, representing a decrease of 2.1% year over year.The current level reflects a downward revision of 9.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Pr ...

MGM Resorts International (MGM) is scheduled to report fourth-quarter 2024 results on Feb. 12, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, adjusted earnings and revenues missed the Zacks Consensus Estimate by 6.9% and 0.9%, respectively. On a year-over-year basis, both metrics improved 15.6% and 5.3%, respectively.The company’s earnings beat in three of the trailing four quarters and missed on one occasion, with an average sur ...

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MGM Resorts International’s (MGM) sports betting and iGaming operator, BetMGM LLC, has put forward an update on its fiscal 2024 performance.Jointly owned by MGM Resorts and Entain plc, BetMGM’s iGaming business showcased strong growth trends and delivered notable returns during the fiscal year on the back of improved product offerings and enhanced player engagement. Given the ongoing solid trends across iGaming and Online Sports, BetMGM expects to attain positive EBITDA in 2025, along with $500 million EBIT ...

MGM Resorts (MGM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 12 ...

2024 strategic refinement and delivery underpins confidence of positive EBITDA in 2025 LAS VEGAS, Feb. 4, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Fiscal Year 2024 ("FY 2024") performance. BetMGM's leading iGaming offering, strengthened sports product and enhanced player engagement del ...

Hotel and casino giant MGM Resorts has agreed to pay $45 million to settle more than a dozen class action lawsuits after hackers stole personal data on millions of customers in two separate cyberattacks.MGM agreed to the settlement on January 21, according to a recent court filing, as first reported by The Record. A Las Vegas federal court is scheduled to rule on the settlement on June 18. The settlement proposal was reached following two previously reported data breaches at MGM Resorts in 2019 and 2023. T ...

MGM Resorts trades like a value stock, but there's growth potential investors don't want to miss.MGM Resorts (MGM 1.52%) is one of the dominant resort and casino companies in the U.S. and Macau with growth opportunities in online gaming an upcoming resort in Japan. But the market is pricing this like a value stock, which could be a major opportunity long-term. Travis Hoium digs into the investment opportunity in this video.*Stock prices used were end-of-day prices of Jan. 20, 2025. The video was published o ...