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Jun 30, 2022
Golden Entertainment Q2 2022 Earnings Report
Reported financial results, with revenue of $289.4 million and net income of $21.2 million.
Key Takeaways
Golden Entertainment reported a 1% decrease in revenue to $289.4 million, net income of $21.2 million, and Adjusted EBITDA of $75.0 million for the second quarter of 2022. The company allocated capital to debt reduction and share repurchases, reducing indebtedness by nearly $200 million since the beginning of 2021 and repurchasing almost $50 million of common stock since December 2021.
Second quarter revenue was $289.4 million, a 1% decrease year-over-year.
Net income for the second quarter was $21.2 million, or $0.67 per fully diluted share.
Adjusted EBITDA was $75.0 million, an 18% decrease year-over-year.
The company repurchased $37.5 million of senior unsecured notes and $22.5 million of its common stock during the quarter.
Revenue by Geographic Location
Forward Guidance
The company expects to remain focused on maintaining the strength of its balance sheet and opportunistically returning capital to shareholders for the rest of the year.
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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