MGM Resorts International (MGM) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the prior quarter. Revenue also rose relative to the same quarter last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the prior quarter. Revenue also rose relative to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+16.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.4B
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 |
|---|---|---|
| Dec 31, 2022 | $3.6B | +17.5% |
| Mar 31, 2023 | $3.9B | +35.7% |
| Jun 30, 2023 | $3.9B | +20.7% |
| Sep 30, 2023 | $4B | +16.3% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter. The year-over-year comparison also shows growth.
Quarterly comparison
Compared to the prior quarter, revenue moved higher. Versus the same quarter one year earlier, revenue was also higher.
What to watch
The filing notes an increase in loss on fair value of debt securities and equity investments compared to the prior year quarter.