Golden Entertainment Inc ( (GDEN) ) has released its Q1 earnings. Here is a breakdown of the information Golden Entertainment Inc presented to its investors.
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Golden Entertainment Inc., a diversified gaming and hospitality company, operates casinos and gaming taverns in Nevada. In its first quarter of 2025, Golden Entertainment reported revenues of $160.8 million, a decrease from $174.0 million in the same period last year. The company’s net income was $2.5 million, significantly lower than the previous year’s $42.0 million, which had been bolstered by a substantial gain from the sale of its distributed gaming operations. Adjusted EBITDA for the quarter was $37.6 million, down from $41.0 million in 2024.
Key financial activities included the repurchase of 273,945 shares at an average price of $27.79, totaling $7.6 million, with $91.8 million remaining under the share repurchase authorization. The company’s debt stood at $411.3 million, with cash and cash equivalents of $50.5 million and $225.0 million available under its revolving credit facility. Despite a challenging economic environment, Golden Entertainment’s focus on customer experience and operational efficiencies contributed to its financial resilience.
Looking ahead, Golden Entertainment plans to continue its strategic share repurchase program and maintain its quarterly cash dividend of $0.25 per share. The company remains committed to enhancing shareholder value through disciplined financial management and operational strategies.