Mohegan Achieves Record $1.9 Billion Revenue, a 13% Growth Year-Over-Year

Blog Article

Q4 Net Revenue: $497.7M, up 12% from the previous year.
Domestic Revenue: Rose 12% to $327.1M, with adjusted EBITDA climbing 33% to $88.9M.
US Operations: Income from operations surged 45% to $66.4M, while net income increased 51% to $66.7M.
International Revenue: Jumped 41%, but operating losses nearly doubled to ($36.1M).

FY2024 Net Revenue: $1.9B, a 13% rise compared to 2023.
Domestic Gains: US operations posted a 3% revenue increase to $1.2B, with net income up 5% to $225.5M.
International Challenges: Revenue grew 42% to $448.2M, but net losses widened to ($180.5M).
Mohegan Digital Success: Net revenue soared 60% to $160.7M, with both net income and adjusted EBITDA increasing 61% to $79.2M.

Ari Glazer, CFO, attributed growth to Mohegan Digital and Mohegan Inspire’s contributions arzimasks.com best-restaurants-in-marrakech.com capitalator.com cyclehousefamily.com dowdingshop.com while acknowledging challenges from operational costs and adjustments.

In other updates, Entain reported the Grand National as 2024’s top global betting event.

Mohegan continues to expand its global footprint, with notable growth in digital operations and domestic markets, despite international headwinds.