NYSE$MGM
MGM Resorts International · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
MGM Resorts reported a slight decline in Q4 revenue due to weaker Las Vegas performance after a strong prior year boosted by Formula 1. MGM China and Regional Operations showed positive growth, while digital operations continued to scale.
Headline financials
Revenue & EPS history
MGM · Revenue · Quarterly
$4.35B
Revenue by segment
MGM · $3.97B total across 4 segments · Q3 2023
- Las Vegas Strip Resorts$2.11B-8.4%53.0%
- Regional Operations$925M-5.0%23.3%
- MGM China$813M+833.9%20.5%
- Management and Other Operations$130M—3.3%
Forward guidance
MGM Resorts expects strong growth in 2025, driven by continued demand in Las Vegas, strong bookings, and digital expansion. However, challenges remain with macroeconomic factors and competition.
Tailwinds
- BetMGM expected to be profitable in 2025
- Strong early 2025 booking trends in Las Vegas
- MGM China continues to recover post-COVID
- Digital gaming expansion gaining traction
- Cost efficiencies expected to improve margins
Headwinds
- Las Vegas revenue declined post-Formula 1 impact
- Macroeconomic uncertainty may impact consumer spending
- MGM Digital still operating at a loss
- Rising competition in online gaming and sports betting
- Higher interest expenses impacting net income
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 Q4 2024
-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
| Quarter | Report date | Reaction (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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