MGM Resorts International (MGM) Revenue — Quarter Ended Sep 30, 2024
Revenue declined compared to the immediately preceding quarter, but rose versus the same quarter one year earlier. The sequential decrease followed a period of steady growth in earlier quarters.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined compared to the immediately preceding quarter, but rose versus the same quarter one year earlier. The sequential decrease followed a period of steady growth in earlier quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
-3.3%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
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, 2023 | $4.4B | +21.8% |
| Mar 31, 2024 | $4.4B | +13.2% |
| Jun 30, 2024 | $4.3B | +9.8% |
| Sep 30, 2024 | $4.2B | +5.3% |
Revenue performance
Revenue for the quarter was lower than the prior quarter, reflecting a reversal from the upward trend seen in the first half of the fiscal year.
Quarterly comparison
Compared to the previous quarter, revenue decreased. However, revenue was higher than the same quarter one year earlier.
What to watch
The sequential decline after multiple quarters of growth may warrant attention regarding underlying demand trends.