MGM MGM Resorts reports Q4 EPS 4c, may not compare to consensus 20c
Reports Q4 revenue $2.46B, consensus $2.46B
: MGM Resorts reports Q4 revenue $1.8B at domestic resorts
Reports Q4: Net revenues of $1.8B at the company's domestic resorts, a 17% increase over the prior year quarter, and a 2% increase on a same-store basis, excluding contributions from Borgata which the company began consolidating in August 2016, MGM National Harbor which opened in December of 2016, and Circus Circus Reno, which the Company sold in 2015; REVPAR growth of 3% over the prior year quarter at the company's Las Vegas Strip resorts; Adjusted Property EBITDA of $493M at the company's domestic resorts, a 14% increase over the prior year quarter and a 1% increase on a same-store basis; Same-store operating margin of 19.5% in the current quarter at the Company's domestic resorts compared to 19.7% in the prior year quarter; Same-store Adjusted Property EBITDA margin of 27.5% at the Company's domestic resorts, for both current and prior year quarters; and MGM China operating income of $72M compared to an operating loss of $1.4B in the prior year quarter, which included the $1.5B non-cash goodwill impairment charge, and a 5% increase in MGM China's Adjusted EBITDA compared to the prior year quarter.
