MGM Resorts International (MGM) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter and showed significant growth compared to the same quarter one year earlier. The trailing twelve-month revenue continued to reflect an upward trend.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter and showed significant growth compared to the same quarter one year earlier. The trailing twelve-month revenue continued to reflect an upward trend.
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
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+20.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.8B
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 |
|---|---|---|
| Sep 30, 2022 | $3.4B | +26.2% |
| Dec 31, 2022 | $3.6B | +17.5% |
| Mar 31, 2023 | $3.9B | +35.7% |
| Jun 30, 2023 | $3.9B | +20.7% |
Revenue performance
The company reported higher revenue for the quarter, marking a sequential increase as well as a year-over-year rise.
Quarterly comparison
Compared to the prior quarter, revenue edged higher, while the comparison with the same quarter a year earlier showed a substantial increase.
What to watch
The trajectory of revenue growth will be an area of focus.