Notable Hit: (MGM:NYSE) On Wednesday February 8, 2023 MGM Resorts International (MGM) posted revenues of $3.59 billion, surpassing the consensus estimates by 7.8% and in the same direction as Advan's forecasted sales. The revenue increased 17.5% YoY - in line with Advan's foot traffic data increase of 7.5% YoY across its destination resorts for Q4 2022. The stock next day opened at $44.39, up 7.1% from previous close. Advan's footfall data has a correlation of 0.993 on a YoY basis with MGM's top-line revenue over the last 16 quarters.
