MGM Resorts/$MGM

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About MGM Resorts

MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.

Ticker

$MGM

Primary listing

NYSE

Industry

Hotels, Restaurants & Leisure

Employees

69,000

ISIN

US5529531015

MGM Resorts Metrics

BasicAdvanced
$9.2B
15.13
$2.24
1.96
-

What the Analysts think about MGM Resorts

Analyst ratings (Buy, Hold, Sell) for MGM Resorts stock.

Bulls say / Bears say

MGM Resorts International reported strong first-quarter results for 2025, exceeding Wall Street's profit expectations, driven by robust performance in its online sports-betting segment, particularly through its joint venture BetMGM with Entain. Adjusted earnings per share reached 69 cents, surpassing the projected 46 cents. Following the announcement, MGM's shares rose 3.2% in after-hours trading. (reuters.com)
MGM Resorts International's shares surged about 9% in aftermarket trading after the company exceeded fourth-quarter profit and revenue estimates. The increase was driven by increased bookings across MGM's properties. MGM reported an adjusted earnings of 45 cents per share, surpassing analysts' estimates of 30 cents per share. Revenue from MGM China, covering operations in China and Macau, increased 4% to $885 million compared to the previous year. (reuters.com)
MGM Resorts International has received a consensus recommendation of 'Moderate Buy' by twenty-one analysts, with an average 1-year price target of $51.29, indicating potential upside from current levels. (marketbeat.com)
In September 2023, MGM's hotel and casino operations were disrupted for several days during a cybersecurity attack by the hacking group Scattered Spider. The company refused to pay a ransom to the hackers, and stated that its losses of $100 million would be covered by cyber insurance. As a result of the cyberattack, multiple class action lawsuits were filed against MGM Resorts. (wikipedia.org)
On October 17, 2023, casino workers in Detroit began a strike against MGM Resorts International, operator of the MGM Grand Detroit. The strike lasted 47 days and ended after a contract was ratified between the Detroit Casino Council and MGM. (wikipedia.org)
MGM Resorts International missed market expectations for its third-quarter profit and revenue, primarily due to weak performance in its Las Vegas casino business. The company's quarterly revenue from Las Vegas operations dropped 13% to $476 million, and revenue from table games decreased by 19% from the previous year. (reuters.com)
Data summarised monthly by Lightyear AI. Last updated on 8 Jun 2025.

MGM Resorts Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

MGM Resorts Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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