Business
Gamehost Announces First Quarter Financial Results and Dividend for May
Red Deer, Alberta--(Newsfile Corp. - May 13, 2025) - Gamehost Inc. (TSX: GH) Management and Dire...
About this update from Gamehost Inc.
[{"type":"text","content":"Gamehost Announces First Quarter Financial Results and Dividend for MayRed Deer, Alberta--(Newsfile Corp. - May 13, 2025) - Gamehost Inc. (TSX: GH)Management and Directors of Gamehost Inc. (the \"Company\") present results for the three months ended March 31, 2025 (the \"Period\" or \"Quarter\").Operating revenue for the Quarter was up 3.3% to $21,222,300 ($20,547,200 - 2024). Earning before interest, taxes, depreciation and amortization (\"EBITDA\") was up 7.5% to $8,514,100 ($7,920,700 - 2024). Earnings per share for the Quarter was $0.26 ($0.22 - 2024). All segments posted positive results for the Quarter, but hotels were a standout with double digit growth.Regionally, results get better as we look from north to south in the province. Operating revenues were down 8.1% in Fort McMurray, mostly flat in Grande Prairie, and up 8.0% in Calgary. A 2.0% temporary lift in operators' share of electronic gaming device win from 15.0% to 17.0% remains in place to March 31, 2026. AGLC continues to evaluate the programs success at driving Cash Play.During the Quarter, the Company repurchased 126,800 common shares for an aggregate $1,318,100, reduced debt by $2,066,300, invested $161,400 in capital improvements, and paid dividends of $3,150,100.Consumers, already squeezed by higher interest rates and inflation, though both are improving, now have additional uncertainty to contend with. America's 'Liberation Day' tariffs were enacted on the Canadian and Alberta economies immediately following the end of the Quarter. In addition, we had a federal election which produced a result not favoured by the majority of Albertans. How any of this translates to Company operations is not presently clear. Notably, the USA administration has ignited a wave of nationalism with Canadians that has not been seen in decades. This is resulting in meaningful shifts in consumer behavior toward Canadian businesses, products and travel destinations. Furthermore, there has been a seismic shift in Canadian attitudes towards greater economic and energy independence from the USA which may result in nation building projects, previously thought unlikely.Gamehost Inc.Financial HighlightsUnaudited - Canadian dollars (thousands except per share figures)three months ended March 31  2025 2024 % Chg. Operating revenue$21,222.3$20,547.23.3%Cost of sales  
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