Full House Resorts Q2 revenue up; net loss narrows
Full House Resorts Q2 revenue up; net loss narrows
Overview
U.S. casino operator's Q2 revenue rose 5.6% yr/yr, slightly missing analyst expectations
Adjusted EBITDA for Q2 increased 19.5% yr/yr, reflecting improved profitability at key properties
Net loss narrowed to $8.7 mln from $10.4 mln as operating income turned positive
Outlook
Company expects continued growth at American Place and Chamonix as operations ramp up
Company anticipates opening permanent American Place casino in second half of 2028
Renovation-related disruptions at Grand Lodge Casino expected to continue until late 2027
Result Drivers
AMERICAN PLACE GROWTH - Revenue at American Place Casino rose 13.4% yr/yr, achieving new property records, per CEO Daniel R. Lee
CHAMONIX/BONCO BILLY’S MARKETING - Revenue at Chamonix/Bronco Billy’s grew 11.7% yr/yr, helped by new marketing programs and a growing database, per CEO Daniel R. Lee
Company press release: ID:nGNXbtTGSX
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | $78.10 mln | $78.36 mln (5 Analysts) |
Q2 Loss Per Share |
| $0.24 |
|
Q2 Net Loss |
| $8.69 mln |
|
Q2 Operating Income |
| $2.27 mln |
|
Q2 Pretax Loss |
| $8.57 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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Aug 4 - Wynn Resorts beats quarterly estimates on Macau strength, announces UAE casino opening date
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Full House Resorts
See all newsFull House Resorts Inc reports results for the quarter ended June 30 - Earnings Summary
Full House Resorts Q2 revenue up; net loss narrows
Brief: Full House Resorts Q2 EPS USD -0.24
Full House Resorts Inc expected to post a loss of 18 cents a share - Earnings Preview
Full House Resorts Q1 revenue falls, misses analyst expectations