MGM Resorts International (MGM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased from both the immediately preceding quarter and the same quarter one year earlier. The year-over-year rise was more pronounced than the sequential gain.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased from both the immediately preceding quarter and the same quarter one year earlier. The year-over-year rise was more pronounced than the sequential gain.
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
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+13.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.7B
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, 2023 | $3.9B | +20.7% |
| Sep 30, 2023 | $4B | +16.3% |
| Dec 31, 2023 | $4.4B | +21.8% |
| Mar 31, 2024 | $4.4B | +13.2% |
Revenue performance
Revenue was higher than the prior quarter, indicating continued expansion in the business.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was substantially higher, while the increase from the preceding quarter was modest.
What to watch
The other income and expense line experienced notable volatility from foreign currency contracts and investment gains or losses, meriting close monitoring.