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Dec 30, 2024
Monarch Q1 2025 Earnings Report
Monarch Casino & Resort reported record first quarter 2025 financial results with increased net revenue and Adjusted EBITDA.
Key Takeaways
Monarch Casino & Resort delivered strong financial results in the first quarter of 2025, achieving record net revenue of $125.4 million and record Adjusted EBITDA of $41.1 million, demonstrating effective operating strategies and sustained growth.
Net revenue increased 3.1% year-over-year to a first quarter record of $125.4 million.
Adjusted EBITDA increased 6.7% year-over-year to a first quarter record of $41.1 million.
Operating margin improved 110 basis points over the prior year to a first quarter record of 32.8%.
Net income increased 8.7% and diluted EPS increased 12.9% compared to the same period last year.
Monarch
Monarch
Monarch Revenue by Segment
Revenue by Segment
Casino Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comHotel Revenue
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CapyFin.com Forward Guidance
Monarch Casino & Resort anticipates continued strong financial performance, driven by ongoing investments in its properties and strategic evaluations for long-term value.
Positive Outlook
- Continuing strength of the balance sheet and expected free cash flow.
- Expectations regarding continuing dividend payments in the future.
- Anticipated cash flow generation to fund cash dividends to stockholders.
- Completion of room renovations at the Atlantis is expected before Memorial Day weekend.
- Belief that capital investment strategy and evaluation of potential strategic transactions will contribute to long-term success.
Challenges Ahead
- Adverse impacts of outbreaks of contagious diseases on business, financial condition, and operating results.
- Actions by government officials regarding disease containment, including shutdowns and travel restrictions.
- Ability to manage guest safety concerns in connection with contagious diseases.
- Construction factors, including delays, disruptions, labor/material availability, and increased costs.
- Ongoing disagreements and litigation over construction costs and delays with the general contractor at Monarch Casino Resort Spa Black Hawk.