earnings
confidence high
sentiment neutral
materiality 0.75
MGM Q1 revenue $4.3B (-2% YoY), net income $149M; announces $2B buyback
MGM Resorts International
2025-Q1 EPS reported
$0.51
revenue$4,277,082,000
- Consolidated net revenues $4.3B (-2% YoY); net income $149M vs $217M; Adj. EBITDA $637M vs $673M.
- Las Vegas Strip RevPAR -6% to $242; record occupancy 94%, slot win +7% to $545M.
- MGM China net revenues $1.0B (-3% YoY); Segment Adj. EBITDAR $286M (-5%).
- BetMGM venture had positive EBITDA in Q1; share of operating loss improved to $15.2M from $32.6M.
- Board authorized new $2B stock repurchase plan; Q1 repurchased 15M shares for $494M.