From Financial Modeling Prep: 2025-05-01 12:53:00

MGM Resorts International (NYSE:MGM) reported better-than-expected Q1 earnings, with adjusted EPS of $0.69 surpassing estimates of $0.49. Revenue slightly missed expectations at $4.28 billion, down 2% from the previous year’s $4.38 billion.

Despite the revenue dip, MGM saw positive trends in its operations. Las Vegas Strip revenue was $2.2 billion (down 3%), regional operations revenue was $900 million (down 1%), and MGM China revenue was $1.0 billion (down 3%).

MGM achieved a record 94% occupancy rate on the Las Vegas Strip in Q1, with a 7% year-over-year increase in slot win. BetMGM showed strong revenue growth and became EBITDA positive for the first time in a quarter, marking a significant milestone for the joint venture.



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