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7月31日电,美高梅国际酒店第二季度净营收44.0亿美元,预估43.2亿美元,第二季度调整后每股收益0.79美元,预估0.55美元。
news flash· 2025-07-30 20:17
智通财经7月31日电,美高梅国际酒店第二季度净营收44.0亿美元,预估43.2亿美元,第二季度调整后每 股收益0.79美元,预估0.55美元。 ...
MGM Resorts International(MGM) - 2025 Q2 - Quarterly Results
2025-07-30 20:15
Consolidated Results Las Vegas Strip Resorts Page 1 of 9 • Record highest ever consolidated net revenues with record 2Q25 Regional Operations net revenues • MGM China achieved all-time record Segment Adjusted EBITDAR and market share of 16.6% • BetMGM venture reported strong revenue and EBITDA growth in 2Q25, upgrading its guidance for FY 2025 • Repurchased 8 million shares in 2Q25, reducing shares outstanding by 45% since the beginning of 2021 Exhibit 99.1 MGM RESORTS INTERNATIONAL REPORTS RECORD SECOND QU ...
MGM RESORTS INTERNATIONAL REPORTS RECORD SECOND QUARTER 2025 FINANCIAL AND OPERATING RESULTS
Prnewswire· 2025-07-30 20:15
LAS VEGAS, July 30, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2025. "MGM Resorts' operational scale and diversity delivered solid growth in the second quarter, with consolidated results increasing year over year. This performance was driven by accelerating EBITDA growth at the BetMGM venture and record results out of our Regional Operations as well as MGM China," said Bill Hornbuckle, Chief Exec ...
MGM RESORTS UNVEILS STAR-STUDDED CHEF LINEUP AT BELLAGIO FOUNTAIN CLUB FOR FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2025
Prnewswire· 2025-07-29 16:00
Throughout race weekend, each chef will take the spotlight, personally preparing and serving signature dishes for guests to enjoy with front-row views of the world's fastest cars as the legendary Fountains of Bellagio erupt in the background. "Bellagio Fountain Club has emerged as a singular destination among global live sports venues and has also established itself as one of the world's most extraordinary dining experiences where guests are not only trackside for F1, but tableside with the greatest chefs o ...
How Will MGM Stock React To Its Upcoming Earnings?
Forbes· 2025-07-29 10:10
Financial Performance - MGM Resorts is expected to report Q2 2025 earnings of $0.55 per share from $4.31 billion in revenue, reflecting an 8% decline in earnings year-over-year and stagnant revenue growth compared to last year's $0.60 per share and $4.33 billion revenue [2] - Over the past twelve months, MGM generated $17 billion in revenue, with operating profits of $1.6 billion and net income of $678 million [3] Market Trends - Historically, MGM stock has declined 70% of the time following earnings announcements, with a median drop of 3.3% and a maximum fall of 13% [2] - Positive one-day post-earnings returns occurred approximately 30% of the time over the last five years, increasing to 33% in the last three years [6] Strategic Focus - MGM is focusing on long-term growth despite short-term challenges, emphasizing organic growth in sports and entertainment, updated pricing strategies, and rigorous cost management [3] - A relatively lower-risk strategy involves identifying correlations between short-term and medium-term returns following earnings to inform trading positions [7] Peer Comparison - The performance of peers can influence MGM's stock reaction post-earnings, with adjustments potentially occurring before the earnings announcements [8]
BETMGM 2Q/1H 2025 UPDATE & FY2025 GUIDANCE INCREASE
Prnewswire· 2025-07-29 06:00
Stronger than expected 2Q and 1H 2025 from successful strategic execution supports increased FY25 outlook LAS VEGAS, July 29, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Second Quarter 2025 ("2Q 2025") and First Half 2025 ("1H 2025") performance. Adam Greenblatt, Chief Executive Officer o ...
MGM Resorts to Report Q2 Earnings: What's in Store for the Stock?
ZACKS· 2025-07-28 13:46
Core Viewpoint - MGM Resorts International is expected to report a decline in both revenues and earnings per share (EPS) for the second quarter of 2025, influenced by softer operational trends and inflationary pressures [1][8]. Estimate Revisions - The Zacks Consensus Estimate for second-quarter EPS has risen to 58 cents from 55 cents, but this reflects a 32.6% decrease from 86 cents in the same quarter last year [2]. - Projected revenues are estimated at nearly $4.3 billion, indicating a slight decline of 0.6% from the previous year's quarter [2]. Factors Influencing Quarterly Results - The decline in MGM's top and bottom lines is attributed to lower casino activity, reduced non-gaming demand, and weaker average daily rates, compounded by ongoing inflation and a tight labor market [3]. - Contributions from casino, rooms, and food and beverage are expected to be lower, with estimates of $2.17 billion, $880 million, and $722 million respectively, compared to $2.21 billion, $899 million, and $802 million from the prior year [4]. Operational Insights - Elevated operating expenses and wage inflation are likely to exert margin pressure, although digital growth, strong Las Vegas operations, and robust group bookings are expected to support performance [5]. - For Las Vegas operations, revenue estimates for casino and rooms are pegged at $500 million and $775 million, respectively, showing growth from $485 million and $767 million in the prior year [6]. - Regional properties are anticipated to generate steady cash flow, with revenue estimates of $702 million and $80 million for casino and rooms, respectively, compared to $684 million and $79 million in the previous year [7]. Earnings Prediction Model - The current model does not predict an earnings beat for MGM Resorts, as the company has an Earnings ESP of -2.80% and a Zacks Rank of 3 (Hold) [9].
Hold Your Bets: MGM Faces Key Tests In Q2 2025 Earnings
Seeking Alpha· 2025-07-23 18:00
Group 1 - MGM Resorts International is experiencing a significant increase of over 40% from the lows during the tariff sell-off, indicating a potential recovery in stock performance [1] - The upcoming Q2 2025 results are critical for the company, as fresh entries into the stock appear challenging [1] - The upside target for MGM Resorts is estimated at approximately $47, suggesting moderate growth potential from current levels [1]
MGM Resorts (MGM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-07-23 15:07
Wall Street expects a year-over-year decline in earnings on lower revenues when MGM Resorts (MGM) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On ...
T-MOBILE ARENA LAUNCHES DEDICATED VENUE APP, DEVELOPED BY EVERI, TO ENHANCE FAN EXPERIENCE
Prnewswire· 2025-07-22 20:31
Core Insights - T-Mobile Arena has launched a new app in collaboration with Everi, enhancing the fan experience with integrated ticketing and event management features [1][2][3] Company Developments - The T-Mobile Arena App allows users to buy and manage tickets, view event schedules, and explore an interactive venue map, while also enabling in-app marketing and promotions [2][3] - This app launch is part of Everi's strategic expansion into sports and entertainment, following its acquisition of Venuetize in 2023 [3] - Everi's BeOn™ Venue platform is utilized in the app, which also supports the Vegas Golden Knights and Gulfstream Park Racing mobile apps [3][4] Industry Context - T-Mobile Arena, a 20,000-seat venue, hosts over 100 events annually, including major sports and entertainment events, and is home to the Vegas Golden Knights [6][7] - The collaboration between Everi and MGM Resorts International signifies a growth in their relationship from gaming and hospitality to sports and entertainment [3][4]