MGM Resorts said consolidated net revenues for Q4 2023 were $4.4 billion, up 22% from a year earlier. It said operating income was $419 million, compared with an operating loss of $2 million a year earlier, and net income attributable to MGM Resorts was $313 million.

1. 01

   MGM Resorts said consolidated net revenues for Q4 2023 were $4.4 billion, up 22% from a year earlier. It said operating income was $419 million, compared with an operating loss of $2 million a year earlier, and net income attributable to MGM Resorts was $313 million.

2. 02

   The company said diluted earnings per share for 2023 were $3.19 (2022: $3.49), and Adjusted EPS was $2.67, compared with an Adjusted EPS loss of $2.73 in 2022. It also said free cash flow was $1.8 billion.

3. 03

   MGM Resorts said Adjusted Property EBITDAR for Q4 was $864 million at Las Vegas Strip Resorts, down 1%, $233 million at Regional Operations, down 27%, and $262 million at MGM China, compared with a loss of $55 million a year earlier.

4. 04

   The company said it repurchased $2.3 billion of its shares in 2023 and $629 million in Q4. It also said an amendment to its senior secured credit facility provided $610 million in additional capacity and extended the maturity to 2029.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.