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Dec 31, 2021
Century Casinos Q4 2021 Earnings Report
Century Casinos' Q4 2021 results were announced, revealing a mix of growth and challenges.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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