MGM Resorts International (MGM) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased, continuing an upward trajectory. The performance reflects ongoing recovery in the company's operations.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased, continuing an upward trajectory. The performance reflects ongoing recovery in the company's operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+7.8%
Change from the immediately preceding quarter.
Year-over-year
+35.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.3B | +44.0% |
| Sep 30, 2022 | $3.4B | +26.2% |
| Dec 31, 2022 | $3.6B | +17.5% |
| Mar 31, 2023 | $3.9B | +35.7% |
Revenue performance
The reported revenue rose compared to the previous quarter, driven by broad-based improvements.
Quarterly comparison
Revenue growth was stronger than the prior quarter and significantly higher than the same quarter one year earlier.
What to watch
The sustainability of the current revenue growth momentum warrants attention.