MGM Resorts International (MGM) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter declined compared to the same period last year. The sequential trend also showed a decrease from the immediately preceding quarter, continuing the recent softening pattern.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter declined compared to the same period last year. The sequential trend also showed a decrease from the immediately preceding quarter, continuing the recent softening pattern.
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
-1.6%
Change from the immediately preceding quarter.
Year-over-year
-2.4%
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 |
|---|---|---|
| Jun 30, 2024 | $4.3B | +9.8% |
| Sep 30, 2024 | $4.2B | +5.3% |
| Dec 31, 2024 | $4.3B | -0.7% |
| Mar 31, 2025 | $4.3B | -2.4% |
Revenue performance
The reported revenue moved lower relative to both the prior quarter and the year-ago period. The decline marks the second consecutive quarterly decrease after prior growth.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. When measured against the same quarter one year earlier, revenue also decreased.
What to watch
Capital expenditures rose compared to the prior year period, as noted in the filing's discussion of investing activities.