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Income Statement (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Revenue | 4.4B | 3% |
| Gross Profit | 1.96B | 0.1% |
| Cost of Revenue | 2.45B | 5.4% |
| Operating expense | 1.55B | 1.1% |
| Net Income | 49M | 67% |
| EBITDA | 481M | 21.2% |
Balance Sheet (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Total Assets | 41.7B | 0.5% |
| Total Liabilities | 38B | 0.8% |
| Total Equity | 2.97B | 4.2% |
| Shares Outstanding | 276M | 4.7% |
Cash Flow (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Cash from operations | 646M | 18.1% |
| Cash from investing | -378M | 66.6% |
| Cash from financing | -590M | 25.4% |
EPS
Financial Highlights for MGM Resorts in Q2 '25
MGM Resorts reported a revenue of 4.4B, which is a 3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.96B, marking a 0.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.45B, a 5.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.55B, showing a -1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 49M, showing a -67% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 481M, showing a -21.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
MGM Resorts faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
