MGM stock jumps as BetMGM turns profitable and a surprise 8-K drops early numbers
MGM shares jumped 9% to $37.30 Tuesday after BetMGM raised its outlook and reported a $270 million cash payout to owners. An SEC filing revealed MGM had accidentally posted preliminary quarterly results, showing Q4 revenue of $4.61 billion and adjusted EBITDA of $635 million. Final earnings are due Feb. 11. Caesars and Wynn also gained.
