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Jun 30
Monarch Q2 2025 Earnings Report
Monarch Q2 2025 Earnings Report showed record results driven by strong casino revenue and improved margins.
Key Takeaways
Monarch Casino & Resort reported record Q2 2025 financials, with higher net income, strong casino revenue growth, and expanded EBITDA margins driven by operational efficiencies.
Record net revenue of $136.9 million, up from $128.1 million last year
Net income grew to $27.0 million from $22.7 million last year
Adjusted EBITDA margin improved to 37.5% with $51.3 million in Adjusted EBITDA
Completed $100 million redesign at Atlantis, driving market share gains
Monarch
Monarch
Monarch Revenue by Segment
Revenue by Segment
Casino Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comHotel Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Monarch expects to continue investing in properties, maintaining dividends, and evaluating M&A opportunities.
Positive Outlook
- Strong balance sheet with $71.6M in cash and no credit facility borrowings
- Continued quarterly dividends ($0.30/share declared)
- Share repurchases authorized with 1.7M shares remaining
- Completed major hotel redesign boosting market share
- Ongoing evaluation of M&A opportunities for long-term growth
Challenges Ahead
- Potential legal risks from construction litigation with PCL Construction
- Hotel revenue decline due to reduced convention business
- Higher hotel operating expense as % of revenue
- Macroeconomic risks including inflation and recession concerns
- Exposure to regulatory and competitive gaming market pressures