earnings
confidence high
sentiment neutral
materiality 0.75
MGM Resorts Q4 net income $157M, EPS $0.52 vs $0.92, Adjusted EPS $0.45 vs $1.06; full-year record revenue $17.2B
MGM Resorts International
2024-FY EPS reported
$2.40
revenue$17,240,545,000
- Q4 consolidated net revenue $4.3B (-1% YoY); net income $157M vs $313M; Consolidated Adj. EBITDA $528M vs $632M.
- Las Vegas Strip Resorts Q4 revenue down 6% to $2.2B; segment Adj. EBITDAR down 11% to $765M on prior-year F1 strength.
- MGM China full-year segment Adj. EBITDAR record $1.1B (+25% YoY); Q4 net revenue up 4% to $1.0B.
- Repurchased 33M shares for $1.4B in 2024; remaining buyback authorization $826M as of Dec 31, 2024.
- BetMGM expects profitability in 2025; Q4 unconsolidated affiliate loss of $42M vs prior-year $0.8M gain.