Compared to Estimates, MGM (MGM) Q4 Earnings: A Look at Key Metrics

Core Insights - MGM Resorts reported revenue of $4.35 billion for the quarter ended December 2024, a decrease of 0.7% year-over-year, with EPS at $0.45 compared to $1.06 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.28 billion by 1.50%, while the EPS surpassed the consensus estimate of $0.32 by 40.63% [1] Financial Performance Metrics - Las Vegas Strip Resorts' slots handle was $6,841 million, exceeding the two-analyst average estimate of $6,385.66 million [4] - Table games drop for Las Vegas Strip Resorts was $1,599 million, slightly below the average estimate of $1,620.98 million [4] - Total revenues for Las Vegas Strip Resorts were $2.22 billion, matching the average estimate based on five analysts, but representing a year-over-year decline of 6.2% [4] - MGM China generated revenues of $1.02 billion, surpassing the estimated $969.45 million, reflecting a year-over-year increase of 3.7% [4] - Total regional operations revenues were $931.56 million, exceeding the average estimate of $915.49 million, with a year-over-year growth of 6.7% [4] - Adjusted Property EBITDA for Total Las Vegas Strip Resorts was $765.43 million, above the average estimate of $754.40 million [4] - Adjusted Property EBITDA for Total Regional Operations was $281.09 million, exceeding the estimated $269.79 million [4] - Adjusted Property EBITDA for MGM China was $254.72 million, surpassing the average estimate of $248.07 million [4] - Adjusted Property EBITDA for unconsolidated resorts/affiliates was -$39.33 million, better than the estimated -$42.92 million [4] - Adjusted Property EBITDA for management and other operations was $0.97 million, significantly better than the estimated -$8.61 million [4] - Adjusted Property EBITDA for corporate was -$119.14 million, worse than the average estimate of -$109.45 million [4] Stock Performance - MGM shares returned +3.5% over the past month, compared to the Zacks S&P 500 composite's +4.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]