MGM Resorts International (MGM) Revenue — Quarter Ended Dec 31, 2023
Revenue increased in the fourth quarter, reaching a new high. Comparisons to both the prior quarter and the same quarter last year show strong gains.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased in the fourth quarter, reaching a new high. Comparisons to both the prior quarter and the same quarter last year show strong gains.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
+10.1%
Change from the immediately preceding quarter.
Year-over-year
+21.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.2B
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 |
|---|---|---|
| Mar 31, 2023 | $3.9B | +35.7% |
| Jun 30, 2023 | $3.9B | +20.7% |
| Sep 30, 2023 | $4B | +16.3% |
| Dec 31, 2023 | $4.4B | +21.8% |
Revenue performance
Reported revenue is up, with a sequential increase from the preceding quarter and a substantial improvement from the same quarter a year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased by approximately ten percent. When compared to the same quarter one year earlier, revenue rose by over twenty percent.
What to watch
The accelerating year-over-year growth rate warrants monitoring for sustainability amid broader economic conditions.