MGM Resorts Q4 Adjusted Earnings, Revenue Fall

MT Newswires Live
02-13

MGM Resorts International (MGM) reported Q4 adjusted diluted earnings Wednesday of $0.45 per share, down from $1.06 a year earlier.

Analysts polled by FactSet expected $0.32.

Revenue for the quarter ended Dec. 31 was $4.35 billion, down from $4.38 billion a year earlier.

Analysts surveyed by FactSet expected $4.27 billion.

In Q4, MGM Resorts bought back about 3 million shares of its common stock, totaling $121 million, as part of its repurchase plan. As of Dec. 31, 2024, $826 million remained available under the November 2023 repurchase plan.

All shares repurchased through the program have been retired, according to the company.

Shares of MGM Resorts were up over 9% in after-hours trading.

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