Stock Track | MGM Resorts Soars Nearly 13% in Pre-Market on Strong Q4 Earnings, Robust Growth Across Segments

Stock Track

13 Feb

MGM Resorts International (MGM) stock surged 12.89% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and optimistic outlook for 2025.

The key drivers behind MGM's pre-market rally were its strong performance across multiple segments, including:

Record revenues, domestic slot win, hotel revenue, and food & beverage revenue for 2024.
Robust growth in its digital business, BetMGM, with net revenue from operations exceeding $2 billion and expected to grow to $2.4 billion to $2.5 billion in 2025.
Impressive performance in Macau, where MGM China achieved its best-ever full-year segment adjusted EBITDAR and gained significant market share.
Solid performance in Las Vegas, driven by strategic investments in renovations and brand integrations, coupled with strong future bookings.

Analysts praised MGM's resilient performance, with several brokerages raising their price targets on the stock. Citi lifted its target to $50 from $48, citing the company's better-than-expected prospects in the U.S. operations. Stifel raised its target to $50 from $47, highlighting MGM's strong bookings and undervalued free cash flow generation and development pipeline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1198953303"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1198953303\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1198953303?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-13 23:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198953303","market":"hk","top_or_hot":-1,"title":"Stock Track | MGM Resorts Soars Nearly 13% in Pre-Market on Strong Q4 Earnings, Robust Growth Across Segments","media":"Stock Track","content":"<p>MGM Resorts International (MGM) stock surged 12.89% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and optimistic outlook for 2025.</p>\n\n<p>The key drivers behind MGM's pre-market rally were its strong performance across multiple segments, including:</p>\n<ul>\n<li>Record revenues, domestic slot win, hotel revenue, and food & beverage revenue for 2024.</li>\n<li>Robust growth in its digital business, BetMGM, with net revenue from operations exceeding $2 billion and expected to grow to $2.4 billion to $2.5 billion in 2025.</li>\n<li>Impressive performance in Macau, where MGM China achieved its best-ever full-year segment adjusted EBITDAR and gained significant market share.</li>\n<li>Solid performance in Las Vegas, driven by strategic investments in renovations and brand integrations, coupled with strong future bookings.</li>\n</ul>\n\n<p>Analysts praised MGM's resilient performance, with several brokerages raising their price targets on the stock. Citi lifted its target to $50 from $48, citing the company's better-than-expected prospects in the U.S. operations. Stifel raised its target to $50 from $47, highlighting MGM's strong bookings and undervalued free cash flow generation and development pipeline.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | MGM Resorts Soars Nearly 13% in Pre-Market on Strong Q4 Earnings, Robust Growth Across Segments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | MGM Resorts Soars Nearly 13% in Pre-Market on Strong Q4 Earnings, Robust Growth Across Segments\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-13 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>MGM Resorts International (MGM) stock surged 12.89% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and optimistic outlook for 2025.</p>\n\n<p>The key drivers behind MGM's pre-market rally were its strong performance across multiple segments, including:</p>\n<ul>\n<li>Record revenues, domestic slot win, hotel revenue, and food & beverage revenue for 2024.</li>\n<li>Robust growth in its digital business, BetMGM, with net revenue from operations exceeding $2 billion and expected to grow to $2.4 billion to $2.5 billion in 2025.</li>\n<li>Impressive performance in Macau, where MGM China achieved its best-ever full-year segment adjusted EBITDAR and gained significant market share.</li>\n<li>Solid performance in Las Vegas, driven by strategic investments in renovations and brand integrations, coupled with strong future bookings.</li>\n</ul>\n\n<p>Analysts praised MGM's resilient performance, with several brokerages raising their price targets on the stock. Citi lifted its target to $50 from $48, citing the company's better-than-expected prospects in the U.S. operations. Stifel raised its target to $50 from $47, highlighting MGM's strong bookings and undervalued free cash flow generation and development pipeline.</p>\n\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":"","article_id":"1198953303","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198953303","pubTimestamp":1739458898,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MGM Resorts International  stock surged 12.89% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and optimistic outlook for 2025.The key drivers behind MGM's pre-market rally were its strong performance across multiple segments, including:. Record revenues, domestic slot win, hotel revenue, and food & beverage revenue for 2024.Robust growth in its digital business, BetMGM, with net revenue from operations exceeding $2 billion an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MGM":"美高梅"},"translate_title":"米高梅度假村(MGM Resorts)第四季度盈利强劲，各细分市场强劲增长，盘前股价飙升近13%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGM":1},"content_text":"MGM Resorts International (MGM) stock surged 12.89% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and optimistic outlook for 2025.\nThe key drivers behind MGM's pre-market rally were its strong performance across multiple segments, including:\n\nRecord revenues, domestic slot win, hotel revenue, and food & beverage revenue for 2024.\nRobust growth in its digital business, BetMGM, with net revenue from operations exceeding $2 billion and expected to grow to $2.4 billion to $2.5 billion in 2025.\nImpressive performance in Macau, where MGM China achieved its best-ever full-year segment adjusted EBITDAR and gained significant market share.\nSolid performance in Las Vegas, driven by strategic investments in renovations and brand integrations, coupled with strong future bookings.\n\nAnalysts praised MGM's resilient performance, with several brokerages raising their price targets on the stock. Citi lifted its target to $50 from $48, citing the company's better-than-expected prospects in the U.S. operations. Stifel raised its target to $50 from $47, highlighting MGM's strong bookings and undervalued free cash flow generation and development pipeline.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}