MGM RESORTS INTERNATIONAL REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2024 RESULTS
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MGM Resorts International reported record full-year consolidated net revenues of $17.2 billion, a 7% increase. MGM China achieved a record Segment Adjusted EBITDAR of $1.1 billion, up 25%. The company repurchased over 33 million shares in 2024, reducing shares outstanding by more than 40% since 2021. BetMGM accelerated revenue growth and expects profitability in 2025.
February 12, 2025 | 9:15 pm
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MGM Resorts International reported record net revenues of $17.2 billion for 2024, with significant contributions from MGM China. The company also repurchased over 33 million shares, reducing outstanding shares by 40% since 2021. BetMGM is on track for profitability in 2025.
The record revenue and EBITDAR figures indicate strong financial performance, likely boosting investor confidence. The significant share repurchase reduces supply, potentially increasing share value. BetMGM's growth and profitability target add positive future outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100