MGM Resorts International reported net earnings of approximately $1.3 billion in fiscal year 2024, recovering from the pandemic-era losses that wiped out several years of profits. The company's Las Vegas Strip operations generated most of that income, while the BetMGM digital gaming joint venture continued to narrow its losses heading into 2025.
Earnings of MGM Resorts International
Annual Earnings Of MGM Resorts International
| Year |
Net Earnings (USD) |
YoY Change |
| 2015 | $0.6B | — |
| 2016 | $1.1B | +83.3% |
| 2017 | $2.0B | +81.8% |
| 2018 | −$1.0B | Loss |
| 2019 | $2.1B | Recovery |
| 2020 | −$1.0B | Loss |
| 2021 | −$0.9B | Loss |
| 2022 | $1.5B | Recovery |
| 2023 | $1.0B | −33.3% |
| 2024 | $1.3B | +30.0% |
MGM Resorts International P/E Ratio
| Year |
P/E Ratio |
Note |
| 2015 | 24.2x | — |
| 2016 | 15.8x | Improved |
| 2017 | 8.8x | Improved |
| 2018 | N/M | Net loss year |
| 2019 | 7.4x | Recovered |
| 2020 | N/M | Net loss year |
| 2021 | N/M | Net loss year |
| 2022 | 9.2x | Recovered |
| 2023 | 16.1x | Expanded |
| 2024 | 8.6x | Compressed |
