MGM Resorts Non-GAAP EPS of $0.03, revenue of $3.26B beats by $230M

Aug. 03, 2022 4:38 PM ETMGM Resorts International (MGM)By: Shweta Agarwal, SA News Editor10 Comments
  • MGM Resorts press release (NYSE:MGM): Q2 Non-GAAP EPS of $0.03, which includes gain on REIT transaction of -$5.41
  • GAAP EPS of $4.20
  • Revenue of $3.26B (+43.6% Y/Y) beats by $230M.
  • Consolidated Adjusted EBITDAR of $920M and Consolidated Adjusted EBITDAR margin of 28.2% in the current quarter.
  • The company repurchased $1.1 billion of shares of common stock during the second quarter, or 8% of outstanding shares.
  • Shares +2%.

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