MGM Resorts International
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 5.2b | 9.7b | 13.1b | 16.2b | 17.4b | 17.6b | 17.8b |
% growth | (60 %) | 88 % | 36 % | 23 % | 7 % | 1 % | 2 % |
EBITDA | (1.0b) | 1.8b | 1.7b | 2.4b | 4.8b | 5.0b | 5.2b |
% EBITDA margin | (20 %) | 18 % | 13 % | 15 % | 28 % | 29 % | 29 % |
Profit | (1.0b) | 1.3b | 1.5b | 1.1b | 792m | 917m | 1.0b |
% profit margin | (20 %) | 13 % | 11 % | 7 % | 5 % | 5 % | 6 % |
EV / revenue | 4.4x | 3.0x | 1.0x | 1.2x | 0.9x | 0.8x | 0.8x |
EV / EBITDA | -22.3x | 16.3x | 7.7x | 7.9x | 3.1x | 2.9x | 2.8x |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | $1.0b | Post IPO Debt | |
$1.0b | Post IPO Equity | ||
* | N/A | $750m | Post IPO Debt |
* | $3.4b | Post IPO Debt | |
Total Funding | - |
Recent News about MGM Resorts International
EditMGM Resorts International is a global hospitality and entertainment company that operates a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay, and The Mirage. The company serves a diverse clientele ranging from leisure travelers and business professionals to high-stakes gamblers and event organizers. Operating primarily in the luxury hospitality and entertainment market, MGM Resorts offers a wide array of services including hotel accommodations, casino gaming, live entertainment, dining, and retail. The business model is centered around generating revenue through room bookings, casino operations, food and beverage sales, and entertainment ticket sales. Additionally, the company leverages its M Rewards loyalty program to enhance customer retention and drive repeat business. MGM Resorts also hosts special events and conferences, providing tailored packages to meet the needs of corporate clients and large groups. The company is committed to delivering exceptional experiences through innovative offerings and superior customer service.
Keywords: luxury accommodations, casino gaming, live entertainment, dining, retail, loyalty program, special events, corporate packages, hospitality, destination resorts.