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Jun 30, 2020
Golden Entertainment Q2 2020 Earnings Report
Reported financial results for the second quarter ended June 30, 2020.
Key Takeaways
Golden Entertainment reported a decrease in revenue to $76.0 million compared to $248.1 million in the second quarter of 2019. The net loss was $78.6 million, or $2.80 per share, compared to a net loss of $14.4 million, or $0.52 per share, in the second quarter of 2019. Adjusted EBITDA was $(5.7) million compared to $49.8 million for the second quarter of 2019.
Casino resorts and distributed gaming operations reopened in Q2.
June financial results significantly exceeded expectations
Ongoing operating and marketing expenses meaningfully reduced.
Repaid $190 million of $200 million borrowed in Q1 under revolving credit facility.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
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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