MGM Resorts Q2: record LV Strip EBITDAR, MGM China loss; $1.1B share repurchase

MGM Resorts International

2022-Q2 EPS reported $4.02 revenue$6,119,197,000

Consolidated net revenues $3.3B (+44% YoY); net income $1.8B includes gain on MGP deconsolidation.
Las Vegas Strip Resorts: Adjusted Property EBITDAR $825M (+108%), a record quarter.
Regional Operations: Adjusted Property EBITDAR $340M (+7%), record Q2.
MGM China: net revenues $143M (-54%); Adjusted Property EBITDAR loss $52M due to Macau restrictions.
Repurchased 32M shares for $1.1B in Q2; declared quarterly dividend of $0.0025/share.

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