MGM Resorts Q3 revenue $3.4B (+26% YoY) but net loss $577M on Macau impairment; Las Vegas Strip record EBITDAR $846M

MGM Resorts International

2022-Q3 EPS reported $2.79 revenue$9,535,269,000

Consolidated net revenues of $3.4B, up 26% YoY; operating loss of $1.0B due to $1.2B noncash amortization on Macau subconcession.
Net loss attributable to MGM Resorts of $577M vs net income of $1.4B in prior year; diluted loss per share $1.45.
Adjusted EPS loss of $1.39; prior year adjusted EPS was +$0.03.
Las Vegas Strip Resorts record: revenues $2.3B (+67%), Adjusted Property EBITDAR $846M (+58%); same-store EBITDAR up 8%.
MGM China revenues down 70% to $87M; Adjusted Property EBITDAR loss of $70M due to COVID restrictions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MGM Resorts International reported financial results for quarter ended September 30, 2022.

Period: quarter ended September 30, 2022
Result: reported results

Exact text from the filing

MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) today reported financial results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000789570-22-000036

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