Feb 5 - MGM Resorts International posted fourth-quarter results that beat analyst forecasts, propelled by healthy gains in its online sports-betting and broader digital gaming portfolio. The company reported total revenue of $4.6 billion for the quarter ended December 31, outpacing the analysts' average estimate of $4.44 billion compiled by LSEG.
Digital segment drives upside
MGM said revenue from MGM Digital - its online gaming business that includes iGaming, digital slots, table games, live dealer products and online sports betting - rose 34.6% year-over-year to $188.24 million. That growth in the digital channel helped lift the company’s quarterly adjusted earnings per share to $1.60.
Profit and expectations
The company’s adjusted per-share profit of $1.60 compared with 45 cents in the fourth quarter on 2024. Analysts had, on average, expected 57 cents per share.
Resort revenue softens
Despite the digital momentum, MGM reported that lodging revenue at its Las Vegas resorts dropped nearly 9% in the fourth quarter, a decline the company attributed to lower room pricing and reduced occupancy. Properties in Las Vegas named among the company’s portfolio include The Cosmopolitan, Aria and MGM Grand Las Vegas.
Revenue from retail and entertainment services also slipped, falling more than 4% year-over-year in the period. Food and beverage sales held steady, recording flat performance compared with the prior year. MGM notes that, typically, more than half of net revenue at its Las Vegas resorts is sourced from non-gaming operations, underscoring the importance of those businesses to overall resort profitability.
Sports betting outlook and pressures
The company highlighted that sports betting in the United States has been gaining traction, supported by broader state-level legalization and significant marketing spend by major operators. At the same time, MGM acknowledged the sector faces heightened regulatory scrutiny and taxation pressures.
Investor tools and stock evaluation
The company’s results and digital performance feed into ongoing efforts by some third-party analytics tools to evaluate MGM and peers across many financial metrics, identifying opportunities based on fundamentals, momentum and valuation.
This report presents MGM’s quarter-to-quarter financial picture with emphasis on digital expansion and the simultaneous headwinds in Las Vegas resort operations.