Golden Entertainment Inc. Q1 2025: Revenues Drop to $160.8M, Net Income Falls Sharply to $2.5M, EPS Down to $0.09

Reuters
09 May
Golden Entertainment Inc. Q1 2025: Revenues Drop to $160.8M, Net Income Falls Sharply to $2.5M, EPS Down to $0.09

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.

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