MGM Resorts International (MGM) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
-1.3%
Change from the immediately preceding quarter.
Year-over-year
+9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.1B
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 |
|---|---|---|
| Sep 30, 2023 | $4B | +16.3% |
| Dec 31, 2023 | $4.4B | +21.8% |
| Mar 31, 2024 | $4.4B | +13.2% |
| Jun 30, 2024 | $4.3B | +9.8% |
Revenue performance
The reported revenue declined from the prior quarter, reflecting a sequential contraction. The year-over-year comparison shows a solid increase, indicating sustained growth from the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue may warrant monitoring for any emerging trends.