REFILE-MGM shares surge after topping quarterly profit, revenue estimates

Reuters

02-13

REFILE-MGM shares surge after topping quarterly profit, revenue estimates

Refiles to add media packaging code

Feb 12 (Reuters) - Casino operator MGM Resorts International MGM.N beat fourth-quarter profit and revenue estimates on Wednesday, aided by strength from more bookings across its properties.

Shares of the Las Vegas, Nevada-based company rose about 9% in aftermarket trade.

The company also said it expects its jointly-owned online sports-betting service, BetMGM, to be profitable this year.

On an adjusted basis, MGM earned 45 cents per share for the quarter ended December 31, ahead of analysts' estimates of 30 cents per share, according to LSEG compiled data.

Quarterly casino revenue from MGM China, representing the company's operations in China and Macau, grew 4% to $885 million from a year ago.

Its overall revenue fell marginally to $4.35 billion in the fourth quarter, higher than estimates of $4.27 billion.

(Reporting by Anshuman Tripathy and Nathan Gomes in Bengaluru; Editing by Mohammed Safi Shamsi)

((Anshuman.Tripathy@thomsonreuters.com;))

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Editing by Mohammed Safi Shamsi)</p><p> ((Anshuman.Tripathy@thomsonreuters.com;))</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MGM","symbol_name":"美高梅","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250212:nL4N3P31PM:1","article_id":"2511533850","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511533850","pubTimestamp":1739396390,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"REFILE-MGM shares surge after topping quarterly profit, revenue estimatesRefiles to add media packaging codeFeb 12  - Casino operator MGM Resorts International MGM.N beat fourth-quarter profit and revenue estimates on Wednesday, aided by strength from more bookings across its properties.Shares of the Las Vegas, Nevada-based company rose about 9% in aftermarket trade. The company also said it expects its jointly-owned online sports-betting service, BetMGM, to be profitable this year. On an adjusted basis, MGM earned 45 cents per share for the quarter ended December 31, ahead of analysts' estimates of 30 cents per share, according to LSEG compiled data. Quarterly casino revenue from MGM China, representing the company's operations in China and Macau, grew 4% to $885 million from a year ago.Its overall revenue fell marginally to $4.35 billion in the fourth quarter, higher than estimates of $4.27 billion.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MGM":"美高梅","02282":"美高梅中国","LVS":"金沙集团","CZR":"凯撒娱乐"},"translate_title":"米高梅股价在季度利润和收入超出预期后飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02282":0.9,"CZR":0.9,"LVS":0.9,"MGM":0.9},"content_text":"REFILE-MGM shares surge after topping quarterly profit, revenue estimatesRefiles to add media packaging codeFeb 12 (Reuters) - Casino operator MGM Resorts International MGM.N beat fourth-quarter profit and revenue estimates on Wednesday, aided by strength from more bookings across its properties.Shares of the Las Vegas, Nevada-based company rose about 9% in aftermarket trade. The company also said it expects its jointly-owned online sports-betting service, BetMGM, to be profitable this year. On an adjusted basis, MGM earned 45 cents per share for the quarter ended December 31, ahead of analysts' estimates of 30 cents per share, according to LSEG compiled data. Quarterly casino revenue from MGM China, representing the company's operations in China and Macau, grew 4% to $885 million from a year ago.Its overall revenue fell marginally to $4.35 billion in the fourth quarter, higher than estimates of $4.27 billion. (Reporting by Anshuman Tripathy and Nathan Gomes in Bengaluru; Editing by Mohammed Safi Shamsi) ((Anshuman.Tripathy@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}