Sharing its financial results for the quarter ending March 31, 2025, Golden Entertainment revealed a net income down 94 per cent on the previous year.
The net come was US$2.5m, or $0.09 per fully diluted share, compared to a net income of $42m, or $1.37 per fully diluted share, for the first quarter of 2024.
Total revenue was $160.8m, also down from $174m against the previous year.
Adjusted EBITDA was $37.6m, down from $41m against the previous year.
“Our focus on customer experience and operational efficiencies allowed us to generate strong financial performance despite uncertain macroeconomic conditions,” said Blake Sartini, chairman and CEO of Golden Entertainment.
“Our business remains resilient and we intend to continue to opportunistically repurchase our common stock under our current buyback authorisation.”
