secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000789570-23-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGM Resorts Q3: net rev $4.0B, EPS $0.46, adj EPS $0.64; new $2B buyback
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- Q3 net revenue $4.0B (+16% YoY); net income $161M vs loss $577M; diluted EPS $0.46 vs -$1.45.
- Adjusted EPS $0.64 vs -$1.39; consolidated Adjusted EBITDAR $1.1B.
- Las Vegas Strip net rev $2.1B (-8%) due to Mirage sale and Sept cybersecurity issue; occupancy 92%.
- MGM China net rev $813M (+829%) as Macau restrictions lifted; Adj. Property EBITDAR $226M.
- Repurchased $572M shares in Q3; board authorized new $2B repurchase plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000078957023000022/0000789570-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000078957023000022/mgm-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000789570-23-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer