MGM Resorts International
MGM-
MGM Resorts International gained 9.2% to $37.53 after the hospitality, sports, and entertainment company said revenue declined in the fourth quarter ending in December, despite the company’s strong annual performance in China.
Consolidated revenue decreased 1% to $4.3 billion, net income dropped to $157 million from $313 million, and earnings per diluted share fell to 52 cents from 92 cents a year ago.
While revenue in the Las Vegas Strip resorts declined in 2024, MGM China performed better, with an adjusted EBITDA rising to $1.09 billion from $866.89 million a year earlier.
The company repurchased over 33 million shares in 2024, reducing shares outstanding by more than 40% since 2021.
During the fourth quarter, MGM repurchased approximately 3 million shares for $121 million, and the remaining availability under the November 2023 repurchase plan was $826 million as of December 31, 2024.
Feb 13, 2025 -
MGM Resorts advanced 3% to $39.85 after the hotel and casino operator reported better-than-expected quarterly results and the company announced its stock repurchase plan.
Revenue in the quarter increased to $3.97 billion from $3.4 billion, primarily because of a rebound in MGM China operations after the ending of COVID-related travel restrictions.
The company swung to net income of $211.8 million from $1.06 billion, and diluted earnings per share rose to 46 cents from a loss of $1.45 a year ago.
Las Vegas strip revenue, adjusted for the sale of The Mirage, decreased to $2.1 billion from $2.2 billion a year ago.
MGM China revenue soared to $813 million from $87 million, an increase of 829% from a year ago and 10% compared to the third quarter in 2019.
During the quarter, the company repurchased 13 million shares of its common stock for $572 million, and about $806 million are still available in the current stock repurchase plan.
The company's board also approved a new stock repurchase program of $2 billion, in addition to the existing February 2023 stock buyback plan.
Nov 9, 2023 -
MGM said net revenue in the fourth quarter increased 18% to $3.6 billion and net income increased to $284 million from $131 million and diluted EPS rose to 69 cents to 23 cents a year ago.
Feb 9, 2023
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| Trading Volume | 143,205 |
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47.80 - 34.11 |
| Market Cap Full | $ 12.8B |
Quarterly +
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Q1 | 4.5% | -1.6% | 5.2% | 32.5% |
| Q2 | - | -8.2% | -9.3% | -1.1% |
| Q3 | - | -8.2% | -8.9% | -16.2% |
| Q4 | - | -8.2% | -8% | 21.4% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2026 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | |||||||||||
| -1.6 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -2.9 | -0.2 | 8.6 | -9.8 | -5.1 | 7.8 | -5.3 | -8.9 | - | - | - | -9.2 |
| 2023 | |||||||||||
| 23.5 | 3.9 | 3.2 | 1.1 | -12.5 | 11.8 | 15.6 | -13.4 | -16.4 | -5 | 13 | 13.2 |
| 2022 | |||||||||||
| -4.8 | 3.7 | -5.3 | -2.2 | -14.8 | -17.2 | 13.1 | -0.3 | -9 | 19.7 | 3.6 | -9.1 |
| 2021 | |||||||||||
| -6.8 | 30.5 | 1.3 | 6.4 | 5.3 | -0.5 | -12 | 13.6 | 2 | 9.1 | -16.6 | 13.4 |
EPS
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Q1 | 1.2 | -0.1 | -0.7 |
| Q2 | 0.6 | 4.2 | 0.1 |
| Q3 | 0.5 | -1.5 | 2.8 |
| Q4 | 0 | 0.8 | 0.2 |
| A | 2.25 | 3.5 | 2.4 |