NYSE$MGM

MGM Resorts International · Q2 2019 earnings

Q2 2019 earnings · · Investor relations

Headline financials

Total Revenue

$3.22B

Previous: $2.86B+12.8%
EPS (adj)

$0.23

Previous: $0.26-11.5%
LV RevPAR

$154.00

No prior period
LV ADR

$163.00

No prior period
LV Occupancy

95.0%

No prior period
LV Table Games Drop

$851M

No prior period
LV Table Games Win %

21.1%

No prior period
LV Slot Handle

$3.13B

No prior period
LV Slot Win %

9.4%

No prior period
Regional Table Games Drop

$1.02B

No prior period
Regional Table Games Win %

19.9%

No prior period
Regional Slot Handle

$6.42B

No prior period
Regional Slot Win %

9.5%

No prior period
MGM China Main Floor Table Games Drop

$2.04B

No prior period
Capital Expenditures

-$322M

Previous: -$862M+62.7%
Free Cash Flow

-$278M

Previous: -$738M+62.3%
Net Income

$43.4M

Previous: $124M-64.9%
Operating Income

$371M

Previous: $363M+2.3%
Gross Profit

$1.32B

Previous: $1.19B+10.9%
Cash & Equivalents

$1.16B

Previous: $1.27B-8.8%
Total Assets

$30.8B

Previous: $29B+6.3%
Stock-Based Comp

$17.1M

Previous: $17.8M-4.2%

Revenue & EPS history

MGM · Revenue · Quarterly

$3.22B

Q2 2019+12.8%vs Q2 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

MGM · $3.08B total across 3 segments · Q2 2019

  • Las Vegas Strip Resorts
    $1.47B
  • Regional Operations
    $911M
  • MGM China
    $706M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2019

Historical avgQ2 2019

-0.2%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.2%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+17.5%

Q4 2024

Best reaction

-14.0%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%-3.5%+11.1%
Q4 2025-1.8%+1.2%-3.7%
Q3 2025-1.7%+2.1%+13.1%
Q1 2025-1.9%-0.1%+0.6%
Q4 2024+17.5%+10.8%-7.6%
Q3 2024-12.2%-13.3%-8.7%
Q2 2024-12.8%-20.4%-12.1%
Q1 2024+3.6%+4.0%+1.9%
Q4 2023-9.0%-9.5%-9.0%
Q3 2023-0.2%-0.9%+8.2%
Q2 2023-8.5%-8.7%-11.4%
Q1 2023+2.3%-4.0%-12.5%
Q4 2022+5.0%+5.1%+1.6%
Q3 2022-12.6%-4.9%+3.2%
Q2 2022+7.2%+4.4%-0.6%
Q1 2022-0.5%-6.7%-16.7%
Q4 2021-0.3%-5.4%-15.0%
Q3 2021-1.0%+1.4%-16.1%
Q2 2021+7.4%+6.1%+15.1%
Q1 2021-4.2%-2.2%+1.6%
Q4 2020-1.5%+0.3%+8.8%
Q3 2020+2.3%+8.2%+42.4%
Q2 2020-1.0%+2.9%+46.8%
Q1 2020-14.0%-18.3%-1.6%
Q4 2019-2.8%-3.6%-52.8%
Q3 2019-0.1%+4.3%+12.0%
Q2 2019+2.6%+2.8%-6.5%
Q1 2019-5.9%-8.2%-10.4%
Q4 2018-5.2%-2.3%-9.9%
Q3 2018+10.1%+16.3%+12.8%
Q2 2018+0.1%+3.9%+1.7%
Q1 2018-11.5%-11.1%-11.0%
Q4 2017-0.2%+2.6%+0.2%
Q3 2017+4.1%+5.1%+5.5%
Q2 2017-2.2%-4.3%-6.0%
Q1 2017+3.1%+3.9%+6.8%
Q4 2016-10.1%-9.0%-6.8%
Q3 2016+6.0%+4.1%+13.4%
Q2 2016+2.8%+4.7%+3.4%
Q1 2016+2.5%
Q4 2015-10.0%
Q3 2015+6.6%
Q2 2015+12.6%
Q1 2015-5.9%
Q4 2014+3.9%
Q3 2014+1.6%
Q2 2014-5.0%
Q1 2014+9.6%
Q4 2013+3.8%
Q3 2013-4.9%
Q2 2013+4.4%
Q1 2013+6.2%
Q4 2012-2.9%
Q3 2012-1.1%
Q2 2012+4.7%
Q1 2012+0.7%
Q4 2011-0.7%
Q3 2011-0.9%
Q2 2011-6.8%
Q1 2010+2.6%
Q1 2011+0.7%
Q4 2008-3.4%
Q4 2010-3.4%
Q3 2009+4.9%
Q3 2010+4.9%
Q4 2009+1.5%
Q2 2010+1.5%
Q2 2009+1.5%

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