MGM shares surge after topping quarterly profit, revenue estimates

Las Vegas Sands

12/02/2025 21:39

Feb 12 (Reuters) - Casino operator MGM Resorts
International  MGM.N  beat fourth-quarter profit and revenue
estimates on Wednesday, aided by strength from more bookings
across its properties.
    Shares of the Las Vegas, Nevada-based company rose about 9%
in aftermarket trade. 
    The company also said it expects its jointly-owned online
sports-betting service, BetMGM, to be profitable this year. 
    On an adjusted basis, MGM earned 45 cents per share for the
quarter ended December 31, ahead of analysts' estimates of 30
cents per share, according to LSEG compiled data. 
    Quarterly casino revenue from MGM China, representing the
company's operations in China and Macau, grew 4% to $885 million
from a year ago.
    Its overall revenue fell marginally to $4.35 billion in the
fourth quarter, higher than estimates of $4.27 billion.

 (Reporting by Anshuman Tripathy and Nathan Gomes in Bengaluru;
Editing by Mohammed Safi Shamsi)
 ((Anshuman.Tripathy@thomsonreuters.com;))