Business
Monarch Casino & Resort Reports All-Time Record Quarterly Financial Results
The 2025 Third Quarter Marks the Highest-Ever Quarterly Level of Revenue, Net Income and EBITDA in Company’s 32 Year History Declares Cash Dividend of $0.30
About this update from Monarch Casino & Resort, Inc.
[{"type":"text","content":"The 2025 Third Quarter Marks the Highest-Ever Quarterly Level of Revenue, Net Income and EBITDA in Company’s 32 Year History Declares Cash Dividend of $0.30 per Share Payable on December 15, 2025 RENO, Nev., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the third quarter ended September 30, 2025, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 Increase 2025 2024 IncreaseNet revenue$142,814 $137,873 3.6% $405,122 $387,673 4.5% Net income 31,576 27,601 14.4% 78,448 68,558 14.4% Adjusted EBITDA(1)$54,848 $50,643 8.3% $147,268 $133,114 10.6% Basic EPS$1.73 $1.50 15.3% $4.27 $3.67 16.3%Diluted EPS$1.69 $1.47 15.0% $4.18 $3.60 16.1% (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. CEO CommentJohn Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “In the third quarter of 2025, Monarch delivered all-time record quarterly financial results. Net revenue increased 3.6% year-over-year to $142.8 million, reflecting growth in casino, food and beverage, and hotel revenues. “On a year-over-year basis, we improved casino, food and beverage, and hotel expense margins reflecting our focus on marketing initiatives, streamlining processes, and utilizing technology. Adjusted EBITDA increased 8.3% year-over-year to an all-time quarterly record of $54.8 million. Adjusted EBITDA margin increased by approximately 170 basis point to 38.4% in the third quarter of 2025 from 36.7% in the third quarter of 2024. “At Atlantis in Reno, we remain committed to the ongoing enhancement of the property to ensure that we consistently deliver a fresh, high-quality product to our guests. We believe that our elevated product, combined with exceptional guest service, will continue to drive increased guest visitation and sustained revenue growth. “At Monarch Black Hawk, revenue growth during the third quarter was primarily driven by another period of market share gains. We believe, that the property’s position as the premier luxury casino resort in Colorado will continue to attract mid-to-upper-tier guests from the Denver and Boulder metro areas and support its future growth.” Summary ...