Century Casinos Q4 2021 Earnings Report
Key Takeaways
Century Casinos reported a 27% increase in net operating revenue to $107.3 million for Q4 2021. However, earnings from operations decreased by 12% to $16.4 million, and net earnings attributable to shareholders decreased by 41% to $4.0 million. Adjusted EBITDA increased by 36% to $24.9 million, and basic and diluted earnings per share were $0.13.
Net operating revenue increased by 27% compared to Q4 2020, reaching $107.3 million.
Earnings from operations decreased by 12% compared to Q4 2020, totaling $16.4 million.
Net earnings attributable to Century Casinos, Inc. shareholders decreased by 41% compared to Q4 2020, amounting to $4.0 million.
Adjusted EBITDA increased by 36% compared to Q4 2020, reaching $24.9 million.
Century Casinos
Century Casinos
Century Casinos Revenue by Segment
Century Casinos Revenue by Geographic Location
Forward Guidance
Company is looking forward to 2022, anticipating increased potential from properties due to the lifting of COVID-19 restrictions, and is enthusiastic about the upcoming acquisition of the Nugget Casino Resort and expansion of their US portfolio.
Positive Outlook
- Most COVID-19 restrictions have now been lifted.
- Upcoming acquisition of the Nugget Casino Resort in Reno-Sparks, Nevada.
- Continued expansion of US portfolio.
Revenue & Expenses
Visualization of income flow from segment revenue to net income