MGM Resorts International

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Other Pre-Announcement, Earnings Announcements

Mgm Resorts International Reports Second Quarter 2022 Financial And Operating Results

Published: 08/03/2022 22:05 GMT
MGM Resorts International (MGM) - Reports Second Quarter 2022 Financial and Operating Results.
Q2 Adjusted Earnings per Share $0.03.
Q2 Earnings per Share $4.20.
Q2 Same Store Sales Rose 60 Percent.
Qtrly Consolidated Net Revenues of $3.3 Billion Compared to $2.3 Billion in Prior Year Quarter, an Increase of 44%.
Qtrly Mgm China Net Revenues of $143 Million in Current Quarter Compared to $311 Million in Prior Year Quarter, a Decrease of 54%.
Qtrly Casino Revenue at $499 Million at Co's Las Vegas Strip Resorts, Up 41% Compared to the Prior Year Quarter.
Qtrly Room Revenue at $696 Million at Co's Las Vegas Strip Resorts, Up 133% Compared to the Prior Year Quarter.
Qtrly Revenue per Available Room (revpar) at Las Vegas Strip Resorts $ 208 Million Versus $ 115 Million.
Repurchased $1.1 Billion of Shares of Common Stock During Q2, Or 8% of Outstanding Shares.
Q2 Earnings per Share View $0.23, Revenue View $3.04 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $3.25 Billion
Adjusted EPS is expected to be $0.23

Next Quarter Revenue Guidance is expected to be $3.25 Billion
Next Quarter EPS Guidance is expected to be $0.17

More details on our Analysts Page.