Besides Wall Street's top -and-bottom-line estimates for MGM (MGM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
MGM's Q4 2024 performance is likely to have benefited from strategic customer pricing initiatives, omnichannel strategy and Marriott Bonvoy collaboration.
MGM Resorts International's stock is stable between $33.23 and $46.60, supported by strong revenue, EBITDA, and a value P/E of 10.63. Global expansion includes a $8 billion Japan project, financed by cheaper debt, showcasing a solid financial profile. BetMGM holds an 11% share in the U.S. sports betting market, trailing FanDuel (35%) and DraftKings (32%).
BetMGM announces fiscal 2024 performance update. MGM envisions bright prospects thanks to the robust trends for its BetMGM brand.
MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hotel and casino giant MGM Resorts has agreed to pay $45 million to settle more than a dozen class action lawsuits after hackers stole personal data on millions of customers in two separate cyberattacks.
MGM Resorts (MGM 1.52%) is one of the dominant resort and casino companies in the U.S. and Macau with growth opportunities in online gaming an upcoming resort in Japan. But the market is pricing this like a value stock, which could be a major opportunity long-term.
MGM's BetMGM partners with Fremantle to expand its online casino with iconic game show content.
MGM Resorts (MGM 0.24%) is a leader in gaming on the Las Vegas Strip and Macao, but the market hasn't appreciated the company's cash flow or buybacks over the past year. In this video, Travis Hoium shows why this is a cheap stock and has incredible potential through not only buybacks but also long-term growth.
MGM Resorts: A 13% FCF Yielding Bet That Could Double In 3 Years
Starting coverage of MGM Resorts today, I am calling it a buy, driven by its top market share and steady trend of positive cashflow. Although the macro outlook for Las Vegas is mixed for 2025, MGM has been growing in Asia and has a diversified US portfolio beyond Vegas. The stock is not a dividend payer, but it is trading below its moving average and at an undervaluation to peers.
UnitedHealth Group shares have dropped over 20% due to public backlash and political rhetoric; current valuation suggests 17-30% upside potential. IAC remains undervalued in a SOTP framework, with MGM Resorts presenting significant upside due to its clean balance sheet and undervalued core US gaming business. MGM's US gaming business is undervalued at ~9x free cash flow; fair value suggests 25-43% upside when considering its Chinese business stake.