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Mgm Resorts International  (MGM)
Other Ticker:  
 
    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services
 

MGM's Revenue Growth by Quarter and Year

Mgm Resorts International's Revenue results by quarter and year




MGM Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 4,375.56 3,592.22 3,056.89 1,493.54
III Quarter September 3,973.18 3,416.07 2,707.54 1,125.92
II Quarter June 3,942.21 3,264.89 2,267.96 289.81
I Quarter March 3,873.30 2,854.31 1,647.75 2,252.82
FY   16,164.25 13,127.49 9,680.14 5,162.09



MGM Revenue fourth quarter 2023 Y/Y Growth Comment
Mgm Resorts International reported Revenue improvement of 21.81% year on year in the fourth quarter 2023, to $ 4,375.56 millions, this is lower than Mgm Resorts International's recent average Revenue improvement of 24.26%.

Looking into fourth quarter 2023 results within Hotels & Tourism industry 3 other companies have achieved higher Revenue growth. While Mgm Resorts International' s Revenue rise of 21.81% ranks overall at the positon no. 358 in the fourth quarter 2023.




MGM Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 21.81 % 17.51 % 104.67 % -53.11 %
III Quarter September 16.31 % 26.17 % 140.47 % -66.03 %
II Quarter June 20.75 % 43.96 % 682.57 % -91.01 %
I Quarter March 35.7 % 73.22 % -26.86 % -29.09 %
FY   23.13 % 35.61 % 87.52 % -59.98 %

Financial Statements
Mgm Resorts International's fourth quarter 2023 Revenue $ 4,375.56 millions MGM's Income Statement
Mgm Resorts International's fourth quarter 2022 Revenue $ 3,592.22 millions Quarterly MGM's Income Statement
New: More MGM's historic Revenue Growth >>


MGM Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 10.13 % 5.16 % 12.9 % 32.65 %
III Quarter September 0.79 % 4.63 % 19.38 % 288.5 %
II Quarter June 1.78 % 14.38 % 37.64 % -87.14 %
I Quarter March 7.82 % -6.63 % 10.33 % -29.27 %
FY (Year on Year)   23.13 % 35.61 % 87.52 % -59.98 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Hotels & Tourism Industry #4
Services Sector #51
Overall #358

Revenue Y/Y Growth Statistics
High Average Low
682.57 % 24.26 % -91.01 %
(Jun 30 2021)   (Jun 30 2020)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Hotels & Tourism Industry #4
Services Sector #51
Overall #358
Revenue Y/Y Growth Statistics
High Average Low
682.57 % 24.26 % -91.01 %
(Jun 30 2021)   (Jun 30 2020)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Mgm Resorts International's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
288.5 % 7.65 % -87.14 %
(Sep 30 2020)  


MGM's IV. Quarter Q/Q Revenue Comment
Mgm Resorts International achieved in the IV. Quarter 2023 above company average sequential Revenue rise of 10.13%, to $ 4,375.56 millions, from $3,973.18 millions in the third quarter.
Hotels & Tourism company is going from strength to strength, not just reporting above normal growth, and additionally improving rate.

Within Hotels & Tourism industry 5 other companies have achieved higher Revenue quarter on quarter growth. While Mgm Resorts International's Revenue growth quarter on quarter, overall rank is 274.


Revenue Q/Q Growth Company Ranking
Within: No.
Hotels & Tourism Industry #6
Services Sector #43
Overall #274
Revenue Q/Q Growth Company Ranking
Within: No.
Hotels & Tourism Industry #6
Services Sector #43
Overall #274
Revenue Q/Q Growth Statistics
High Average Low
288.5 % 7.65 % -87.14 %
(Sep 30 2020)  


MGM's IV. Quarter Q/Q Revenue Comment
Mgm Resorts International achieved in the IV. Quarter 2023 above company average sequential Revenue rise of 10.13%, to $ 4,375.56 millions, from $3,973.18 millions in the third quarter.
MGM is undergoing a remarkable growth, not only reporting above average gain, but also improving rate, Emme Pereira, an industry contributor mentioned.

Within Hotels & Tourism industry 5 other companies have achieved higher Revenue quarter on quarter growth. While Mgm Resorts International's Revenue growth quarter on quarter, overall rank is 274.


Mgm Resorts International's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 16,164.25 $ 15,380.90 $ 14,823.79 $ 14,146.47 $ 13,127.49
Y / Y Revenue Growth (TTM) 23.13 % 22.15 % 24.74 % 29.94 % 35.61 %
Year on Year Revenue Growth Overall Ranking # 87 # 173 # 45 # 9 # 137
Seqeuential Revenue Change (TTM) 5.09 % 3.76 % 4.79 % 7.76 % 4.25 %
Seq. Revenue Growth (TTM) Overall Ranking # 657 # 1510 # 452 # 221 # 1239




Cumulative Revenue growth Comment
Mgm Resorts International saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 23.13% year on year, to $ 16,164 millions if the fiscal year would have ended in Dec 31 2023.
Mgm Resorts International's trailing twelve months Revenue growth was higher than company's average 10.28% and higher than 22.15% growth in Sep 30 2023.
But from twelve months ended Sep 30 2023 growth rate was less at 5.09 % from $15380.9 millions recorded in the period from Sep 30 2023 to Dec 31 2022 Emme Pereira added on.
We witness drop-off in progress, more evident observing the typical Q/Q TTM Revenue advancement which is higher at 10.28% Emme Pereira published.
The progress was even stronger from twelve months ended Sep 30 2023 showed at 5.09 % jump from $15380.9 millions in twelve months ending a quarter before.

Among companies within the Services sector 18 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 87, from total ranking in previous quarter at 173.

Revenue TTM Q/Q Growth Statistics
High Average Low
138.9 %
10.28 %
-61.95 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Hotels & Tourism Industry # 12
Services Sector # 19
Overall # 87

Revenue TTM Y/Y Growth Statistics
High Average Low
138.9 %
10.28 %
-61.95 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 12
Sector # 111
S&P 500 # 657
Cumulative Revenue growth Comment
Mgm Resorts International saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 23.13% year on year, to $ 16,164 millions if the fiscal year would have ended in Dec 31 2023.
Mgm Resorts International's trailing twelve months Revenue growth was higher than company's average 10.28% and higher than 22.15% growth in Sep 30 2023.
But from twelve months ended Sep 30 2023 increase was less at 5.09 % from $15380.9 millions recorded in the period from Sep 30 2023 to Dec 31 2022 Emme Pereira added on.
It appears to be stagnation happening, more evident if you pay attention to the usual Q/Q TTM Revenue advancement which is better at10.28%.
The progress was much stronger from twelve months ended Sep 30 2023 exhibited at 5.09 % increase from $15380.9 millions in the period from Sep 30 2023 to Dec 31 2022.

Among companies within the Services sector 18 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 87, from total ranking in previous quarter at 173.

Revenue TTM Q/Q Growth Statistics
High Average Low
138.9 %
10.28 %
-61.95 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Hotels & Tourism Industry # 12
Services Sector # 19
Overall # 87

Revenue TTM Y/Y Growth Statistics
High Average Low
138.9 %
10.28 %
-61.95 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 12
Sector # 111
S&P 500 # 657




Other Revenue Growth
Hotels & Tourism Industry Revenue Growth Trends and Statistics
Services Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
MGM's Revenue Growth Ratio versus Hotels & Tourism Industry, Services Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for MGM's Competitors
Revenue Growth for Mgm Resorts International's Suppliers
Revenue Growth for MGM's Customers

You may also want to know
MGM's Annual Growth Rates MGM's Profitability Ratios MGM's Asset Turnover Ratio MGM's Dividend Growth
MGM's Roe MGM's Valuation Ratios MGM's Financial Strength Ratios MGM's Dividend Payout Ratio
MGM's Roa MGM's Inventory Turnover Ratio MGM's Growth Rates MGM's Dividend Comparisons



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Mgm Resorts International21.81%$ 21.807 millions
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