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Sep 30, 2020
Golden Entertainment Q3 2020 Earnings Report
Golden Entertainment's Q3 2020 financial performance was marked by exceeding 2019 levels in local and regional casino resorts, improvements at The STRAT since reopening, and sustained margin expansion leading to record Adjusted EBITDA, despite Nevada bar-area closures for most of the quarter.
Key Takeaways
Golden Entertainment reported Q3 2020 revenues of $205.4 million, a net loss of $7.0 million, or $0.25 per share, and Adjusted EBITDA of $45.4 million. The company repaid its revolving credit facility and had $100.4 million in cash on hand.
Local and regional casino resorts exceeded 2019 third quarter financial performance.
The STRAT continued to improve since reopening.
Sustained margin expansion and record Q3 Adjusted EBITDA were achieved.
Revolving credit facility was fully repaid, with $100 million cash on hand.
Forward Guidance
The company is focused on sustaining financial performance, cash generation and reducing leverage to position us for future opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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