MGM Holdings, the parent company of Metro-Goldwyn-Mayer Inc., reported lower revenue and income for the fourth quarter if 2013, but higher revenue for the year overall.
For the full year 2013, MGM Holdings was up 11 percent in revenue — with $1.53 billion — from a strong 2012. Net income is down 5 percent, from $129.1 million to $122.1 million. But excluding one-time asset divestitures, it’s up by $60 million, or 97 percent year-over-year.
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Adjusted EBITDA, meanwhile, was up 15 percent for the year to $328,886 million.