MGM, also known as Metro-Goldwyn-Mayer Studios, is a privately owned company headquartered in Beverly Hills, California, and is a subsidiary of Amazon through MGM Holdings. Founded in 1924, the company operates with approximately 4720 employees and reported $1.5B in revenue as of 2024. It functions as a tier 1 media tech buyer, specializing in broadcast television and radio, encompassing film, television production, distribution, and broader media operations.
MGM's first-quarter luck-adjusted profitability surpassed market consensus by 5%, with property EBITDA reaching HK$2.5 billion (US$0.32 billion), though this represented an 11% sequential decline from a high base, according to J.P. Morgan analysts on April 30. Previously, on April 29, the Floyd Mayweather Jnr vs. Manny Pacquiao rematch began shifting its venue from The Sphere to an MGM-affiliated location in Las Vegas, specifically T-Mobile Arena or MGM Grand Garden Arena. This followed IAC Chairman Barry Diller's April 28 announcement that IAC would reconfigure to focus more on its stake in MGM, which he characterized as a "core" and "wildly undervalued" asset.
MGM offers 2 products in the media and telecoms services industry. MGM's product portfolio comprises of media and TV services and broadcast television and radio.
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MGM's revenues were over $1B in 2024. Caretta Research has split MGM's revenue into 2 different product categories, the largest of which is linear (thematic channel groups). For full access to MGM's revenue breakdown subscribe to Caretta Portal.
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