MGM Resorts Stock (NYSE:MGM)


ForecastRevenueOwnershipFinancialsChartTranscripts

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$37.27

52W Range

$33.44 - $48.25

50D Avg

$38.53

200D Avg

$40.94

Market Cap

$11.17B

Avg Vol (3M)

$4.41M

Beta

2.24

Div Yield

-

MGM Company Profile


MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

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Industry

Gambling, Resorts & Casinos

Sector

Consumer Cyclical

Exchange

NYSE

ADR

-

Country

US

Employees

58,000

IPO Date

May 02, 1988

Website

MGM Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Reimbursed Costs$45.74M$45.69M$226.08M
Casino$8.09B$5.73B$5.36B
Entertainment Retail And Other$1.64B$1.69B$1.01B
Food and Beverage$2.89B$2.60B$1.39B
Occupancy$3.50B$3.06B$1.69B

Fiscal year ends in Dec 23 | Currency in USD

MGM Financial Summary


Dec 23Dec 22Dec 21
Revenue$16.16B$13.13B$9.68B
Operating Income$1.58B$-1.81B$631.33M
Net Income$1.14B$206.73M$1.25B
EBITDA$2.40B$1.67B$1.78B
Basic EPS$3.18$0.50$2.44
Diluted EPS$3.18$0.50$2.41

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 30, 24 | 8:51 PM
Q2 24Jul 31, 24 | 8:51 PM
Q1 24May 01, 24 | 12:00 AM

Peer Comparison


TickerCompany
LVSLas Vegas Sands Corp.
PENNPENN Entertainment, Inc.
WYNNWynn Resorts, Limited
CZRCaesars Entertainment, Inc.
MLCOMelco Resorts & Entertainment Limited
RRRRed Rock Resorts, Inc.