---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-23-000004"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T22:10:17.026203+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MGM Resorts Q4 net revenue $3.6B (+18% YoY); record Las Vegas Strip EBITDAR; Board authorizes $2B buyback

## Summary
- Consolidated Q4 net revenues $3.6B (+18% YoY); diluted EPS $0.69 vs $0.23; adjusted EPS loss $1.53.
- Las Vegas Strip Resorts Q4 Adjusted Property EBITDAR record $877M (+26% YoY); margin 38.2%.
- Full-year 2022 net revenues $13.1B (+36% YoY); net income $1.5B; diluted EPS $3.49.
- Board authorized new $2.0B share repurchase plan; suspended regular dividend to prioritize buybacks.
- Repurchased $2.8B in shares during 2022 ($352M in Q4); retired 76 million shares.

## SEC filing metadata
- accession: 0000789570-23-000004
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957023000004/0000789570-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957023000004/mgm-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-23-000004
- JSON: https://secwatch.observer/filing/0000789570-23-000004.json
- Plain text: https://secwatch.observer/filing/0000789570-23-000004.txt

## Key facts
- Earnings Releases
  MGM Resorts International reported the quarter and year ended December 31, 2022 results: revenue $3.6 billion, net income $284 million, EPS $0.69.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $3.6 billion
  - Net income: $284 million
  - EPS: $0.69
  - Result: reported results
  source text: our Board of Directors authorized an additional $2 billion for share buybacks.” Fourth Quarter 2022 Financial Highlights: Consolidated Results • Consolidated net revenues of $3.6 billion, an increase of 18% compared to the prior year quarter. The current quarter benefited from the inclusion of the operating results of The Cosmopolitan of Las Vegas ("The
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000078957023000004/0000789570-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.