MGM Resorts’s (NYSE:MGM) Q3 Earnings Results: Revenue In Line With Expectations

MGM Resorts' Q3 earnings report revealed a mixed bag of results, with sales meeting expectations but earnings per share falling short by nearly 20%. The company's operating margin plummeted to negative 2.7%, and adjusted EBITDA also missed expectations. Despite steady growth in the past five years, recent slowdowns in growth and flat revenue projections for the next year have investors concerned. Shares dropped by 2.5% following the report, reflecting investors' hopes for stronger earnings and better profit margins. While there are still positives, such as the rebound from pandemic lows and steady gains in hotel bookings and dining, analysts suggest that earnings per share could improve if MGM can control costs and boost efficiency.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.