MGM Earnings Prediction
The chart below shows how MGM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MGM sees a -1.99% change in stock price 10 days leading up to the earnings, and a -2.64% change 10 days following the report. On the earnings day itself, the stock moves by -0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
MGM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.35B
-0.39%
4.20%
Gross Margin
39.27%
-4.52%
0.20%
Operating Margin
8.12%
-15.77%
1.88%
Net Margin
5.47%
-37.13%
-6.50%
EPS
0.52
-43.48%
-14.75%
No Data Available
MGM Earnings Analysis
MGM Resorts International Corporation (MGM.N) Earnings Conference Call
Positive
Record Revenue Achievements: MGM Resorts achieved record consolidated net revenues and an all-time high for domestic slot win, hotel revenue, and food and beverage revenue in 2024, reflecting strong operational performance.
Record Slot Performance: In December, Las Vegas recorded an all-time monthly domestic slot handle and slot win, contributing to a robust fourth quarter performance.
Regional Revenue and EBITDAR Growth: MGM's regional properties grew revenues by 7% and adjusted EBITDAR by 21% in the fourth quarter, demonstrating effective management and operational excellence.
Digital Revenue Growth: MGM Digital segment reported a 15% increase in net revenues in the fourth quarter, indicating strong growth in digital operations.
Shareholder Value Enhancement: MGM Resorts repurchased over 40% of its float since early 2021, including $120 million in the fourth quarter and nearly $300 million in January 2025, enhancing shareholder value.
Negative
Performance Decline in Las Vegas: In Las Vegas, revenues decreased by 6% and adjusted EBITDAR fell by 11% in the fourth quarter, indicating a decline in performance compared to the previous year.
Quarterly Revenue Impact: Despite a strong performance in December, the overall revenue for the fourth quarter was negatively impacted by a year-over-year headwind of approximately $65 million due to the Super Bowl comparison.
EBITDAR Loss Projections: MGM Digital is expected to maintain consistent EBITDAR losses in 2025, as increased spending related to the launch in Brazil will offset any narrowing of losses in the UK.
Renovation Impact on Revenue: The company anticipates that the ongoing renovation at MGM Grand will impact revenue by a similar amount as the Super Bowl did year over year, creating additional challenges for growth.
EBITDA Opportunity Realization: Operational EBITDA opportunities identified amount to $200 million, with only $150 million expected to be captured in 2025, indicating a slower realization of potential efficiencies.
MGM FAQs
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MGM Earning Call Sentiment
Earnings call transcript: MGM Resorts Q4 2024 beats earnings expectations
MGM.N
-4.52%Positive
The earnings call summary highlights record high revenues, strong shareholder return plans with significant share repurchases, and positive growth in digital operations. Despite a decline in Las Vegas EBITDAR, the overall financial performance is robust, with optimistic guidance for future digital growth. The Q&A session revealed no major concerns, and management's confidence in handling tax increases is reassuring. The combination of record revenues, share buybacks, and growth prospects in digital and international markets suggests a positive stock price movement.
