Revenue and adjusted earnings at Golden mildly decrease, according to the reports
Golden Entertainment's Q2 2025 Results Show Mixed Performance
Golden Entertainment, the casino and tavern operator, recently reported its Q2 2025 results, highlighting a mixed performance across its Nevada commercial casinos.
The company's revenue from Nevada commercial casinos was $163.6 million, reflecting a 2.2% year-on-year decline and slightly missing analyst estimates by 2.4%. The adjusted EBITDA was $38.44 million, representing a 23.5% margin and a slight 0.7% miss versus estimates. The operating margin held steady at 7.3%, similar to the same quarter last year [1][2].
Regarding profitability, the company reported a net income of $4.6 million, or $0.17 per fully diluted share, improving from $0.6 million in Q2 2024 [2].
In terms of dividends, Golden Entertainment paid a quarterly cash dividend of $0.25 per share on July 9, 2025, and authorized the next quarterly dividend of $0.25 per share payable on October 3, 2025 [2].
Golden's resorts reported an adjusted EBITDA of $25.9 million, down from $27.3 million a year ago. Locals casinos owned by Golden Entertainment reported an increase in revenue from $37.8 million in 2024 to $38.9 million in the second quarter of 2025. As of June 30, Golden had $77.2 million remaining under its share-repurchase authorization [1].
Food and beverage revenue fell from $43.1 million a year ago to $41 million this year. Locals casinos had an adjusted EBITDA of $18 million, up from $16.9 million. The company's gaming revenue for the quarter was $78.7 million, surpassing the $78.2 million from the same quarter a year ago [1].
The report does not specify which year the second quarter of 2024 refers to, nor does it specify the location of the locals casinos or the Nevada tavern business. However, management commentary suggests a focus on financial discipline, with efforts to manage costs aggressively to offset revenue headwinds [1].
Summary:
| Metric | Q2 2025 Value | Notes | |-----------------------|------------------------|-----------------------------------------| | Resort Revenue | $163.6 million | 2.2% YoY decline, 2.4% miss vs estimates | | Adjusted EBITDA - Resorts | $38.44 million (23.5%) | Slight miss vs estimates (0.7%) | | Net Income - Resorts | $4.6 million ($0.17/share) | Improved from $0.6 million in Q2 2024 | | Operating Margin - Resorts| 7.3% | Same as Q2 2024 | | Dividend per Share - Resorts| $0.25 (paid & authorized)| Quarterly cash dividends | | Locals Revenue | $38.9 million | 3.5% increase YoY | | Adjusted EBITDA - Locals | $18 million | Improved from $16.9 million | | Debt Information | Not explicitly disclosed | Management managing costs aggressively |
This provides a thorough overview of Golden Entertainment’s Q2 2025 results in Nevada commercial casinos, including revenue, adjusted EBITDA, dividends, and financial discipline efforts [1][2].
[1] Golden Entertainment Q2 2025 Earnings Release, 8 August 2025. [2] Golden Entertainment Q2 2025 Earnings Call Transcript, 13 August 2025.
- Despite a decline in casino revenue and slight misses versus analyst estimates, Golden Entertainment demonstrated improvement in their net income in Q2 2025.
- The focus on financial discipline, as evidenced by efforts to manage costs aggressively, is evident in Golden Entertainment's operations, particularly within the casino-and-gambling industry in Las Vegas.
- The casino culture, that includes casino-games and resorts, played a significant role in Golden Entertainment's Q2 2025 performance, contributing to both the revenue and the adjusted EBITDA.
