Overview
Global gaming firm's Q4 revenue rose 6%, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company repurchased 15 mln shares in Q4, reducing shares outstanding by ~48% since 2021
Outlook
MGM Resorts expects strong group and convention business to drive growth in 2026
Company anticipates continued growth from BetMGM North America Venture
MGM Resorts plans expansion in Japan with MGM Osaka development
Result Drivers
DIVERSIFIED STRATEGY - Co attributed growth to diversified operational strategy, despite Las Vegas challenges
BETMGM CONTRIBUTION - BetMGM North America Venture distributed $135 mln to MGM Resorts, returning over 20% of cash investment
MGM CHINA PERFORMANCE - MGM China net revenues increased 21% and Segment Adjusted EBITDAR rose 30%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $4.60 bln | $4.44 bln (20 Analysts) |
Q4 Adjusted EPS | Beat | $1.60 | $0.57 (16 Analysts) |
Q4 EPS | $1.11 | ||
Q4 Net Income | $294 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for MGM Resorts International is $44.50, about 20.5% above its February 4 closing price of $36.93
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nPn5gzKVKa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)