Golden Entertainment Inc. has released its financial results for the first quarter of 2025, reporting a decline in revenues to $160.8 million compared to $174.0 million for the same period in 2024. Net income for the first quarter of 2025 was $2.5 million, a significant decrease from the $42.0 million reported in the first quarter of 2024. This previous figure included a $69.7 million gain from the sale of the Company's distributed gaming operations in Nevada. The diluted earnings per share for the first quarter of 2025 was $0.09, down from $1.37 in the first quarter of 2024. Adjusted EBITDA for the first quarter of 2025 was $37.6 million, compared to $41.0 million for the same period in the previous year. Golden Entertainment also announced the repurchase of 273,945 shares of common stock at an average price of $27.79 per share, totaling $7.6 million, leaving $91.8 million remaining under its share repurchase authorization. The company declared a quarterly cash dividend of $0.25 per share, payable on July 9, 2025, to shareholders of record as of June 25, 2025. As of March 31, 2025, Golden Entertainment reported a total principal amount of debt outstanding at $411.3 million, including $393.0 million in term loan borrowings and $15.0 million under its revolving credit facility. The company repaid $5.0 million of its revolving credit facility during the quarter. Additionally, the company had cash and cash equivalents of $50.5 million and $225.0 million of remaining availability under its revolving credit facility.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.