MGM Resorts International (MGM) revenue breakdown

Consumer Cyclical · Resorts & Casinos · Market cap $7.2B

By segment, Las Vegas Strip Resorts is the largest at 56% of fiscal 2023 revenue; MGM China grew fastest, 9% a year over 6 years.

By product, Casino is the largest at 54% of fiscal 2025 revenue, growing 8% a year over 8 years.

Revenue by segment

Fiscal years, as MGM Resorts International reports them in its 10-K filings; fiscal 2023 total $15.6B.

Segments2017201820192020202120222023Share
Las Vegas Strip Resorts$5.7B$5.7B$5.8B$2.2B$4.7B$8.4B$8.8B 56%
Regional Operations$2.7B$2.9B$3.5B$2.0B$3.4B$3.8B$3.7B 23%
MGM China$1.9B$2.4B$2.9B$657M$1.2B$674M$3.2B 20%

Revenue by product

Fiscal years, as MGM Resorts International reports them in its 10-K filings; fiscal 2025 total $17.5B.

Products201720182019202020212022202320242025Share
Casino$5.0B$5.8B$6.5B$2.9B$5.4B$5.7B$8.1B$8.8B$9.5B 54%
Rooms$2.2B$2.2B$2.3B$830M$1.7B$3.1B$3.5B$3.7B$3.4B 19%
Food and beverage$1.9B$2.0B$2.1B$696M$1.4B$2.6B$2.9B$3.1B$3.0B 17%
Entertainment, retail and other$1.4B$1.4B$1.5B$519M$1.0B$1.7B$1.7B$1.7B$1.7B 9%
Reimbursed costs$402M$425M$437M$245M$226M———— —

Revenue by region

Fiscal years, as MGM Resorts International reports them in its 10-K filings; fiscal 2025 total $17.5B.

Regions2022202320242025Share
United States$12.3B$12.6B$12.7B$12.4B 71%
China$674M$3.2B$4.0B$4.5B 25%
Other$133M$434M$555M$662M 4%
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Questions

Where does MGM Resorts International make its money?

In fiscal 2023, by segment: Las Vegas Strip Resorts $8.8B, Regional Operations $3.7B, MGM China $3.2B.

From MGM Resorts International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.