---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-24-000013"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:32:51.011791+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MGM Resorts reports record Q1 revenue $4.4B (+13% YoY); MGM China EBITDAR +78%

## Summary
- Consolidated net revenues $4.4B (+13% YoY); net income $217M ($0.67 diluted EPS) vs $467M ($1.24) prior year, impacted by $398M Gold Strike gain in prior quarter.
- Adjusted EPS $0.74 vs $0.44; Consolidated Adjusted EBITDAR $1.2B; Free Cash Flow $377M.
- MGM China net revenues $1.1B (+71%); Adjusted Property EBITDAR $301M (+78%), driven by Macau recovery.
- Las Vegas Strip Resorts net revenues $2.3B (+4%); Adjusted Property EBITDAR $828M (-1%). Regional Operations net revenues $909M (-4%) and EBITDAR $274M (-12%).
- Repurchased 12M shares for $511M in Q1; remaining buyback authority $1.7B. Marriott license delivered 130k room nights since Jan launch.

## SEC filing metadata
- accession: 0000789570-24-000013
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957024000013/0000789570-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957024000013/mgm-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-24-000013
- JSON: https://secwatch.observer/filing/0000789570-24-000013.json
- Plain text: https://secwatch.observer/filing/0000789570-24-000013.txt

## Key facts
- Earnings Releases
  MGM Resorts International reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: This current report on Form 8-K is being furnished to disclose the press release issued by the Registrant on May 1, 2024. The purpose of the press release, furnished as Exhibit 99.1, was to announce the Registrant’s results of operations for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000078957024000013/0000789570-24-000013-index.htm

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