Loading...
•
Dec 31, 2019
Golden Entertainment Q4 2019 Earnings Report
Reported record fourth quarter revenue and Adjusted EBITDA, improved performance across Casinos and Distributed Gaming operations, and completed The Strat rebranding and renovations.
Key Takeaways
Golden Entertainment reported record fourth quarter revenue of $242.1 million, a 15.2% increase from the previous year, and Adjusted EBITDA of $43.1 million, a 25.1% increase. The company's net loss for the quarter was $7.7 million, or $0.28 per share, compared to a net loss of $25.3 million, or $0.90 per share, in the fourth quarter of 2018. Growth was driven by the acquisition of Laughlin properties and year-over-year growth at other properties and distributed gaming operations.
Record fourth quarter net revenues and Adjusted EBITDA.
The Strat rebranding and renovations completed; property positioned for long-term growth.
Improved performance from all legacy businesses year over year.
Launched new loyalty program, True Rewards, available in over 140 casino resorts and distributed locations.
Forward Guidance
In 2020, the company will focus on optimizing business operations and generating cash for the balance sheet, which will allow the company to reduce leverage and provide strategic flexibility as it evaluates future opportunities.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...