MGM Resorts (MGM) Q4 Revenue Tops Views

MGM Resorts (NYSE: MGM) reported Q4 EPS of ($0.06), may not compare to the analyst estimate of $0.11. Revenue for the quarter came in at $3.05 billion versus the consensus estimate of $2.98 billion.

Consolidated Adjusted Property EBITDA increased 21% compared to the prior year quarter to $821 million.

• Net revenues increased 33% to $687 million including contributions from the opening of MGM Cotai of $287 million; and
• Adjusted Property EBITDA of $167 million, an 11% increase compared to the prior year quarter, reflecting the opening of MGM Cotai.

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

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