- MGM Resorts’ adjusted earnings per share (EPS) for Q4 were 45 cents, surpassing the estimate of 27 cents.
- The reported EPS was 52 cents.
- Net revenue reached $4.35 billion, exceeding the expected $4.28 billion.
- Las Vegas Strip Resorts generated $2.22 billion in net revenue, a 6.2% decline year-over-year, narrowly missing the estimate of $2.23 billion.
- Regional Operations reported $931.6 million in net revenue, an increase of 6.7% year-over-year, beating the estimate of $907.9 million.
- MGM China achieved $1.02 billion in net revenue, a growth of 3.7% year-over-year, above the estimate of $995.8 million.
- Adjusted property EBITDAR for Las Vegas Strip Resorts was $765.4 million, an 11% decrease year-over-year, yet it surpassed the estimate of $748.8 million.
- Regional Operations saw a 21% year-over-year increase in adjusted property EBITDAR to $281.1 million, topping the estimate of $261 million.
- MGM China’s adjusted property EBITDAR was $254.7 million, a 2.9% decline year-over-year, but above the anticipated $249.3 million.
- Occupancy for Las Vegas Strip Resorts was 94%, up from 91% in the previous year and exceeding the estimate of 92.4%.
- MGM China’s Main Floor Table Games Win was $918 million, up 4.7% year-over-year, ahead of the expected $908.7 million.
- BetMGM has accelerated its revenue growth through 2024 and expects profitability in 2025.
- The company reported strong demand and growth into 2025, with December marking their highest convention booking month on record.
- In January, revenue growth was observed in both Las Vegas Strip Resorts and Regional Operations alongside strong future bookings.
MGM Resorts International on Smartkarma
Analyst Coverage of MGM Resorts International on Smartkarma
Analyst Coverage of MGM Resorts International on Smartkarma
Analyst coverage on Smartkarma, a platform for independent investment research, includes a report by Baptista Research on MGM Resorts International. The report, titled “MGM Resorts International: Focusing on High-Value Casino Operations To Redefine the Industry! – Major Drivers” discusses the company’s strong performance in the Third Quarter 2024 Earnings Call, highlighting growth and challenges across its business divisions. Led by CEO Bill Hornbuckle, MGM Resorts International reported record net revenues and notable success from its subsidiary, MGM China. Baptista Research assesses various factors that could impact the company’s stock price and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.
A look at MGM Resorts International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, MGM Resorts International shows a positive long-term outlook. The company scores high in growth, indicating strong potential for expanding its operations and increasing its market presence. Additionally, MGM Resorts scores moderately in value and momentum, suggesting a balanced investment opportunity with a stable financial position and positive market performance.
However, MGM Resorts International scores lower in resilience and dividend factors. This indicates that the company may face challenges in terms of weathering economic downturns and providing consistent dividends to its investors. Overall, considering the company’s focus on gaming, hospitality, and entertainment resorts with properties in various locations, MGM Resorts International presents a promising investment opportunity for growth-oriented investors willing to withstand potential fluctuations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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