earnings
confidence high
sentiment positive
materiality 0.80
Golden Entertainment Q2 2021: record revenue $292M, net income $103M, Adj. EBITDA $91M
NEW ROYAL HOLDCO I INC.
2021-Q2 EPS reported
$3.63
revenue$532,163,000
- Revenue $292.5M vs $76.0M YoY; net income $103.0M ($3.26 diluted EPS) vs net loss $78.6M.
- Adjusted EBITDA $91.0M, record; casino margin 46%, distributed gaming margin 21%.
- Paid down $53.4M debt in Q2; cash $152.5M at June 30, plus $60M Caesars payment received July 14.
- Pro forma net leverage 3.8x; may receive up to $15M additional from Caesars based on William Hill UK sale.
- All casino properties and distributed gaming achieved highest quarterly Adjusted EBITDA in history.