Canterbury Park Q3 revenue drops as casino activity weakens

Reuters
Nov 07, 2025
Canterbury Park Q3 revenue drops as casino activity weakens

Overview

  • Canterbury Park Q3 revenue falls 5% yr/yr, impacted by reduced casino revenues

  • Net income for Q3 declines significantly, impacted by prior year land transfer gain

  • Adjusted EBITDA for Q3 decreases, reflecting lower casino revenue and stable expenses

Outlook

  • Company did not provide specific financial guidance for future quarters or full year

Result Drivers

  • CASINO REVENUE DECLINE - Reduced casino revenues due to increased competition and low hold early in the quarter

  • FOOD & BEVERAGE GROWTH - Strong growth in food and beverage revenues driven by new point-of-sale system and increased transactions

  • OPERATING EFFICIENCIES - Efforts to improve operating efficiencies, particularly in labor, helped manage expenses

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$18.32 mln

Q3 EPS

$0.10

Q3 Net Income

$487,000

Q3 Adjusted EBITDA

$2.81 mln

Q3 Basic EPS

$0.10

Press Release: ID:nGNX5V4BGL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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