MGM Resorts, HubSpot, Fastly: After-Hours Earnings Surge

MGM Resorts International (MGM), HubSpot (HUBS), and Fastly (FSLY) have reported strong earnings, reflecting the resilience and growth of their respective industries. These companies have adapted to evolving market conditions and technological advancements, positioning themselves for continued success.



MGM Resorts International reported record full-year consolidated net revenues, up 7% to $17.2 billion, driven by record performance from MGM China. The company's BetMGM venture in North America is expected to be profitable in 2025, indicating growth in the online gaming and sports betting industry. MGM's strong performance suggests that the leisure and hospitality industry is recovering and thriving, as people continue to travel and engage in entertainment activities.

HubSpot reported a solid finish to 2024, with revenue up 21% on an as-reported basis and 20% in constant currency compared to Q4'23. The company's growth in customers (up 21% year-over-year) and calculated billings (up 16% on an as-reported basis) indicates a healthy SaaS (Software as a Service) industry. HubSpot's focus on AI integration and its positive outlook for 2025 suggest that the tech industry is innovating and adapting to meet customer demands.

Fastly reported record fourth quarter revenue of $140.6 million, representing 2% year-over-year growth. The company's revenue composition shows a strategic pivot, with security revenue growing 11% YoY while traditional network services remained flat. Fastly's customer diversification strategy is showing progress, with top 10 customers now representing 32% of revenue (down from 40%), and other customers demonstrating successful expansion into the broader market.



In summary, the earnings reports from these companies reflect the overall health of their respective industries and the broader economy. The leisure and hospitality industry (MGM) is thriving, the SaaS industry (HubSpot) is growing, and the tech industry (Fastly) is innovating and adapting to meet customer demands. These positive trends suggest a robust and resilient economy.