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MGM Resorts (MGM)
NYSE:MGM
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.86Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 1.62%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in digital and loyalty programs, a successful partnership with Marriott, and share repurchases. Challenges were noted in the Las Vegas segment due to specific events and regional weather impacts. Overall, the highlights, particularly the BetMGM turnaround and Marriott partnership, outweigh the lowlights.Company Guidance
During the first quarter of 2025, MGM Resorts International reported strong financial results, bolstered by various key achievements and strategic initiatives. The MGM Rewards program experienced significant growth, surpassing 50 million members, marking a 50% increase since 2020. The company also highlighted a robust performance in Las Vegas, achieving record first-quarter occupancy and slot win, despite a challenging year-over-year Super Bowl comparison. Additionally, BetMGM reported a notable improvement, with net revenue from operations increasing by 34% and EBITDA reaching $22 million, a substantial turnaround from the previous year. MGM China maintained a 15.7% market share and announced plans to open new villas and suites. Furthermore, the Marriott partnership is expected to account for 900,000 room nights in 2025, up from 660,000 in 2024. With a $200 million EBITDA enhancement plan underway and a strong balance sheet, MGM Resorts is well-positioned for continued growth and investment opportunities, including developments in Japan and potential expansion in New York.BetMGM Turnaround
BetMGM reported an increase in net revenue from operations of 34% for the quarter and EBITDA of $22 million, a major improvement of over $150 million from the prior year period.
MGM Rewards Program Milestone
MGM Rewards program crossed 50 million members, representing growth of over 50% since 2020.
Marriott Partnership Success
The partnership with Marriott accounted for 900,000 room nights this year, up from 660,000 last year, aiding record first quarter occupancy.
MGM China Performance
MGM China maintained a mid-teens share, ending the quarter at 15.7%, with margins holding at 28% due to strong operational control.
Share Repurchase Program
14.7 million shares were repurchased for $494 million in Q1, with an additional $215 million in Q2, reflecting confidence in stock value.
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MGM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $31.46 | $30.86 | -1.91% |
| Feb 12, 2025 | $34.37 | $40.37 | +17.46% |
| Oct 30, 2024 | $41.41 | $36.87 | -10.96% |
| Jul 31, 2024 | $42.97 | $37.29 | -13.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MGM Resorts (MGM) report earnings?
MGM Resorts (MGM) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is MGM Resorts (MGM) earnings time?
MGM Resorts (MGM) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGM EPS forecast?
MGM EPS forecast for the fiscal quarter 2025 (Q2) is 0.49.
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