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Dec 31, 2022
Golden Entertainment Q4 2022 Earnings Report
Golden Entertainment's financial performance remained strong, with revenue above 2019 levels, despite increased labor and other costs impacting comparisons to the previous year.
Key Takeaways
Golden Entertainment reported a slight decrease in revenue for Q4 2022 compared to Q4 2021, but net income and Adjusted EBITDA remained strong. The company focused on debt reduction and share repurchases during the quarter.
Fourth quarter revenue was $279.7 million, with a net income of $11.1 million.
Full year revenue reached $1.1 billion, accompanied by a net income of $82.3 million.
The company retired $27 million of outstanding debt during the quarter and $116 million throughout 2022.
328,897 shares of common stock were repurchased in the quarter.
Revenue by Geographic Location
Forward Guidance
Company anticipates capitalizing on the strength of Las Vegas in 2023 and beyond. The sale of Rocky Gap Casino Resort to close in the second quarter of 2023, which will provide meaningful liquidity that combined with our free cash flow will position us to maintain low leverage, invest in our owned properties, and accelerate capital returns to shareholders.
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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