MGM Resorts reports record Q4 and FY2023; Las Vegas Strip and MGM China set all-time EBITDAR

MGM Resorts International

2023-FY EPS reported $3.19 revenue$16,164,249,000

Consolidated Q4 net revenues $4.4B (+22% YoY); net income $313M; diluted EPS $0.92.
Full year net revenues $16.2B (+23%); net income $1.1B; diluted EPS $3.19; Adjusted EPS $2.67.
Las Vegas Strip Resorts Q4 same-store net rev +10%; Adjusted Property EBITDAR $864M (+3% same-store).
MGM China Q4 net rev $983M (+462% YoY); record EBITDAR $262M vs loss of $55M a year ago.
Repurchased $629M in shares in Q4 ($2.3B in 2023); credit facility expanded to $2.3B, maturity extended to 2029.

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 1.0

MGM Resorts International reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

The purpose of the press release, furnished as Exhibit 99.1, was to announce the Registrant’s results of operations for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000789570-24-000002

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