MGM Stock Recent News

MGM's fourth-quarter top line reflects strong contributions from MGM China and regional operations.

MGM Resorts International (NYSE:MGM ) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Howard Wang - VP of IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO and Treasurer Gary Fritz - President, MGM Interactive Corey Sanders - COO Kenneth Feng - Executive Director and President, MGM China Holdings Conference Call Participants Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank Brandt Montour - Barclays David Katz - Jefferies Barry Jonas - Truist Securities John DeCree - CBRE Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Robin Farley - UBS Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International Fourth Quarter and Full Year 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; Gary Fritz, President of MGM

The headline numbers for MGM (MGM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MGM Resorts (MGM) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.06 per share a year ago.

MGM Resorts International (MGM 0.29%), a leading global hospitality and entertainment company, released its fourth-quarter results on Feb. 12. Significantly, its adjusted EPS came in at $0.45, surpassing expectations of $0.32, as revenues of $4.35 billion exceeded the expected $4.27 billion.

Record-High Revenue and EBITDA Market Share Continued to Grow HONG KONG , Feb. 12, 2025 /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 12 months ended December 31, 2024. The Group is pleased to see Macau continuing to grow in 2024.

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 2025 LAS VEGAS , Feb. 12, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2024. "MGM Resorts is proud to report the best full-year consolidated net revenues in the history of the Company, driven by record performance from MGM China," said Bill Hornbuckle, Chief Executive Officer & President of MGM Resorts International.

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Besides Wall Street's top -and-bottom-line estimates for MGM (MGM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.