MGM Resorts (MGM) Tops Q3 EPS Views; MGM China Revenue Sank 6%

MGM Resorts (NYSE: MGM) reported Q3 EPS of $0.53, $0.42 better than the analyst estimate of $0.11. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.38 billion.

MGM reported an 11% increase in REVPAR over the prior year quarter at the Company's Las Vegas Strip resorts.

Adjusted Property EBITDA of $570 million at the Company's domestic resorts, a 39% increase over the prior year quarter and a 31% increase on a same-store basis.

MGM China's net revenues decreased 6%, while operating income and Adjusted EBITDA increased 34% and 17%, respectively, compared to the prior year quarter, partially due to its focus on high-quality main-floor business.

For earnings history and earnings-related data on MGM Resorts (MGM) click here.

You May Also Be Interested In

• Goldman Sachs Downgrades Norsk Hydro SA (NHY:NO) (NHYDY) to Neutral
• Wells Fargo Names Top Pick Ahead of Q3 Earnings
• MGM Grand Hotel & Casino to Open Taylor Sheridan's Four Sixes Ranch Steakhouse in Early 2027