secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000789570-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000078957023000004/0000789570-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000078957023000004/mgm-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000789570-23-000004

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