MGM Resorts (MGM) Tops Q3 EPS by 2c

MGM Resorts (NYSE: MGM) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $3.31 billion versus the consensus estimate of $3.33 billion.

MGM China

• Net revenues increased 22% compared to the prior year quarter to $738 million;
• VIP Table Games Hold Adjusted MGM China Net Revenues(3) of $699 million, a 19% increase compared to the prior year quarter;
• Adjusted Property EBITDA of $182 million, a 40% increase compared to the prior year quarter;
• VIP Table Games Hold Adjusted MGM China Adjusted Property EBITDA(2) of $168 million, a 36% increase compared to the prior year quarter; and
• Adjusted Property EBITDA margin of 24.7% , a 321 basis point increase compared to the prior year quarter.

For earnings history and earnings-related data on MGM Resorts (MGM) click here.

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