MGM China Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

MGM China Holdings (HKG:2282) Full Year 2023 Results

Key Financial Results

• Revenue: HK$24.7b (up 369% from FY 2022).
• Net income: HK$2.64b (up from HK$5.23b loss in FY 2022).
• Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: HK$0.69 (up from HK$1.38 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MGM China Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 3.6%.

In the last 12 months, the only revenue segment was Casinos & Resorts contributing HK$24.7b. Explore how 2282's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Be aware that MGM China Holdings is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.