The earnings call reflects a mixed performance with strong operational efficiencies and a robust liquidity position, but challenges remain, particularly with declining occupancy at The Strat and increased tavern competition. The company is focusing on share repurchases due to limited M&A opportunities.

Company Guidance -

Q3 2025

In the Golden Entertainment, Inc. First Quarter 2025 Earnings Conference Call, the company provided guidance indicating stable operating trends and a promising start for the second quarter, despite not hosting last year's Super Bowl, which impacted The Strat's EBITDA by $3 million. The Strat's occupancy was down 5% for the quarter, with a significant 13% drop in February. However, The Strat's hotel revenue has improved in April with higher occupancy and rates, and May's occupancy is pacing 6% higher year-over-year. Nevada locals' casinos maintained a 46% EBITDA margin for two consecutive quarters, with revenue flat but EBITDA up by 2% due to operational efficiencies. The company ended Q1 with over $400 million in debt, $50 million in cash, and $225 million available under its revolving credit facility, maintaining a low net leverage of 2.4 times EBITDA. Despite some challenges in the tavern market due to increased competition, EBITDA from the taverns improved sequentially over Q4. The company repurchased 274,000 shares worth $7.6 million during Q1 and has $92 million remaining on its buyback authorization. The management emphasized prioritizing share repurchases over M&A due to current market conditions and continues to focus on strengthening the core business and leveraging favorable economic trends in Nevada.

Strong Start to Q2 for The Strat

Hotel revenue at The Strat is up in April with higher occupancy and rates, leading to improved EBITDA. Occupancy is pacing up 6% over last year for May, with June also showing strength.

Operational Efficiencies Boost Nevada Locals' Casinos

Revenue for Nevada locals' casinos was flat year-over-year, but EBITDA was up 2%, driven by operational efficiencies, with EBITDA margins at 46% for the second straight quarter.

Successful Share Repurchases

Since 2024, the company repurchased 3.2 million shares totaling almost $100 million and paid out $35 million in dividends. $92 million remains on the current buyback authorization.

Low Net Leverage and Strong Liquidity Position

The company ended the quarter with just over $400 million of debt, $50 million in cash, and $225 million available under the revolving credit facility, with a low net leverage at 2.4 times EBITDA.

Golden Entertainment (GDEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GDEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.03 / -	0.18	―	―	―
Aug 07, 2025	2025 (Q2)	0.15 / 0.19	0.025	644.00% (+0.16)
May 08, 2025	2025 (Q1)	0.11 / 0.05	1.37	-96.28% (-1.32)
Feb 27, 2025	2024 (Q4)	0.20 / 0.10	-0.33	130.30% (+0.43)
Nov 07, 2024	2024 (Q3)	0.06 / 0.18	7.83	-97.70% (-7.65)
Aug 08, 2024	2024 (Q2)	0.19 / 0.03	0.4	-93.75% (-0.38)
May 08, 2024	2024 (Q1)	0.12 / 1.37	0.38	260.53% (+0.99)
Feb 29, 2024	2023 (Q4)	0.25 / -0.33	0.35	-194.29% (-0.68)
Nov 02, 2023	2023 (Q3)	0.20 / 7.83	0.45	1640.00% (+7.38)
Jul 31, 2023	2023 (Q2)	0.49 / 0.40	0.67	-40.30% (-0.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GDEN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$25.72	$27.09	+5.33%
Feb 27, 2025	$30.30	$30.55	+0.83%
Nov 07, 2024	$30.01	$31.40	+4.63%
Aug 08, 2024	$27.20	$27.73	+1.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Golden Entertainment Inc (GDEN) report earnings?

Golden Entertainment Inc (GDEN) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Golden Entertainment Inc (GDEN) earnings time?

Golden Entertainment Inc (GDEN) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GDEN EPS forecast?

GDEN EPS forecast for the fiscal quarter 2025 (Q3) is 0.03.

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