MGM Resorts International reported strong financial results for the fourth quarter of fiscal year 2024, with shares trading up 11% in post-market activity to $38.15. The company posted an adjusted earnings per share (EPS) of $0.45 and revenue of $4.35 billion. Notably, MGM China contributed to record full-year revenues, while Las Vegas results experienced a decline due to the previous year's strong Formula 1 impact. For the entire fiscal year 2024, MGM achieved a consolidated net revenue of $17.24 billion, approximately £13.80 billion or €16.53 billion. Following the earnings report, Stifel raised its price target for MGM shares from $47 to $50, further boosting investor confidence. CEO Bill Hornbuckle indicated that positive indicators for the first quarter suggest that the momentum from 2024 will carry into the new year.