MGM Q1 revenue $3.9B (+36%), EPS $1.24, Las Vegas Strip EBITDAR record +41%

MGM Resorts International

2023-Q1 EPS reported $1.24 revenue$3,873,296,000

Consolidated net revenue $3.9B (+36% YoY); diluted EPS $1.24 vs ($0.06); adjusted EPS $0.44 vs $0.01.
Las Vegas Strip Resorts record Adjusted Property EBITDAR $836M (+41% YoY); margin 38.4% (+271 bps).
MGM China net revenue $618M (+130%); Adjusted Property EBITDAR $169M (vs loss $26M prior year).
Repurchased ~12M shares for $487M during quarter; $2.0B remaining under repurchase plan.
Closed sale of Gold Strike Tunica, received Osaka development certification, and LeoVegas agreed to acquire Push Gaming.

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 the quarter ended March 31, 2023 results: revenue $3.9 billion, net income $467 million, EPS $1.24.

Period: the quarter ended March 31, 2023
Revenue: $3.9 billion
Net income: $467 million
EPS: $1.24
Result: reported results

Exact text from the filing

acquisitions and the development opportunities we have with Japan and New York.” First Quarter 2023 Financial Highlights: Consolidated Results • Consolidated net revenues of $3.9 billion, an increase of 36% compared to the prior year quarter. The current quarter benefited from the inclusion of the operating results of The Cosmopolitan of Las Vegas (“The

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Source: SEC EDGAR

accession 0000789570-23-000012

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