MGM Resorts recorded a 2% increase in Q3 2025 compared to the same period last year, with consolidated net revenue of $4.3 billion.
MGM also reported a net loss of $285...
MGM Resorts reports strong results for Q4 2024
The American global hospitality and entertainment company MGM Resorts International reported strong Q4 results for 2024 with $17.2 billion.
The Q4 was not only about immediate success. The company faced some challenges as well. Compared to Q4 2023, MGM’s Q4 revenue slightly dropped by 1% to $4.3 billion. Net income also saw a decline from 2023’s $313 million to $157 million. Adjusted EBITDA also declined from $632 million to $528 million.
While Las Vegas resorts experienced challenges, MGM China helped the company to regain its impact. MGM continued its stock buyback strategy, repurchasing 3 million shares for $121 million.
MGM’s year-on-year performance for 2024
Despite the Q4 declines, MGM delivered a strong full-year performance. The company’s total revenue for 2024 reached $17.2 billion, a 7% increase when compared to 2023’s revenues. This was mainly fuelled by MGM China’s recovery after pandemic restrictions lifted. Net income reached $747 million, a decline from $1.1 billion in 2023, mainly because of last year’s sale of Gold Strike Tunica. MGM China’s revenue increased by 28% to $4 billion, while the digital segment grew by the same percentage, despite posting a higher loss of $77 million.
BetMGM is confident about 2025’s profitability.
After three decades with MGM Resorts, Corey Sanders will step down on December 31. His role as chief operating officer will be taken over by Ayesha Molino.
Molino isn’t new...
