The company said consolidated net revenues for Q3 2024 rose 5% year over year to $4.2 billion, while net income attributable to MGM Resorts International was $185 million, compared with $161 million a year earlier.

1. 01

   The company said consolidated net revenues for Q3 2024 rose 5% year over year to $4.2 billion, while net income attributable to MGM Resorts International was $185 million, compared with $161 million a year earlier.

2. 02

   MGM Resorts said diluted earnings per share for Q3 were $0.61 (versus $0.46 a year earlier), and Adjusted EPS was $0.54 (versus $0.64 a year earlier). The adjustments include a foreign currency transaction loss of $0.23 and a change in the fair value of foreign currency contracts of $(0.29).

3. 03

   The company said Adjusted Property EBITDAR for Las Vegas Strip Resorts was $731 million in Q3 (versus $714 million a year earlier), and MGM China net revenues were $929 million (versus $813 million a year earlier).

4. 04

   MGM Resorts said it repurchased about 8 million shares for $326 million in Q3 2024. It said the remaining availability under its November 2023 repurchase plan was about $946 million as of September 30, 2024. Free Cash Flow for the 9 months was $944 million.

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Original filing

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