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Mar 30, 2025
Century Casinos Q1 2025 Earnings Report
Century Casinos reported a decrease in net operating revenue and net loss attributable to shareholders for Q1 2025.
Key Takeaways
Century Casinos, Inc. announced its first quarter 2025 results, reporting a 4% decrease in net operating revenue to $130.4 million and a 52% increase in net loss attributable to shareholders to ($20.6) million compared to the same period last year. Despite severe weather impacts and a challenging quarter, the company maintained its Adjusted EBITDAR margin due to successful cost-cutting strategies at the Nugget and initial success from the new Caruthersville casino.
Net operating revenue decreased by 4% to $130.4 million.
Net loss attributable to Century Casinos, Inc. shareholders increased by 52% to ($20.6) million.
Adjusted EBITDAR decreased by 5% to $20.2 million.
The company expects quarterly capital expenditures to decrease for the remainder of 2025, anticipating improved cash generation and cash position.
Revenue by Geographic Location
Forward Guidance
The company anticipates improved cash generation and cash position for the remainder of 2025 and into 2026, driven by decreased quarterly capital expenditures following the completion of capital projects and properties becoming operational.
Positive Outlook
- Anticipated decrease in quarterly capital expenditures for the remainder of 2025.
- Expectation of improved cash generation for the remainder of 2025 and into 2026.
- Expectation of improved cash position for the remainder of 2025 and into 2026.
- Completion of capital projects and properties, such as Caruthersville, are now open and operating.
- Awarded a second license in Wroclaw, Poland, with the casino expected to open in Q4 2025.
Challenges Ahead
- No specific negative forward guidance was provided in the report, but the company acknowledges past challenges such as severe weather impacts and loss of high-margin sports betting revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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