Golden Entertainment reported a strong first quarter in 2021, with revenue reaching $239.7 million, a net income of $10.6 million, and a record quarterly Adjusted EBITDA of $59.5 million. The company's casino properties and distributed gaming operations exceeded Q1 2019 Adjusted EBITDA levels, with the exception of The STRAT, which showed significant occupancy improvement. The company generated over $40 million of cash in the quarter.
First quarter 2021 revenue reached $239.7 million.
Net income for the first quarter was $10.6 million.
Adjusted EBITDA for the first quarter was a record $59.5 million.
Cash increased by $41.8 million during the quarter, reaching $145.4 million.
Company expects that free cash flow will allow it to reduce leverage and return capital to shareholders while also providing added financial flexibility to pursue potential strategic growth initiatives.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance