Monarch Q3 2022 Earnings Report
Key Takeaways
Monarch Casino & Resort reported record operating results for the third quarter ended September 30, 2022, with net revenue of $133.7 million and Adjusted EBITDA of $51.7 million, representing increases of 19.8% and 28.3% respectively, compared to the prior-year quarter. The company's performance was driven by the ongoing growth in business at Monarch Black Hawk and continued strength at Atlantis.
Generated all-time quarterly record financial results, including a 28% increase in Adjusted EBITDA over the previous record.
Net revenue and Adjusted EBITDA of $133.7 million and $51.7 million, respectively, were all-time quarterly records.
Delivered a record Adjusted EBITDA margin of 38.7%.
Gained a greater share of the market’s most valuable customers in Black Hawk due to the property’s upscale design and amenities.
Monarch
Monarch
Forward Guidance
Monarch is focused on enhancing the value of its business and rewarding its stockholders.