MGM Resorts International's Q1 Adjusted Earnings, Revenue Fall; Approves $2 billion Shares Buyback

MT Newswires Live

2025/05/01

MGM Resorts International (MGM) reported Q1 adjusted earnings late Wednesday of $0.69 per diluted share, down from $0.74 a year earlier.

Analysts polled by FactSet expected $0.47.

Revenue for the quarter ended March 31 was $4.28 billion compared with $4.38 billion a year earlier.

Analysts surveyed by FactSet expected $4.29 billion.

The company said it authorized a new $2 billion stock repurchase plan, which is in addition to its existing November 2023 stock repurchase plan.

Shares of the company rose 4.1% in after-market activity.

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