Core Viewpoint - Golden Entertainment reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, and showing a significant improvement from a loss of $0.02 per share a year ago, representing an earnings surprise of 80% [1] Financial Performance - The company posted revenues of $161.23 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 0.61% and decreased from $257.73 million in the same quarter last year [2] - Over the last four quarters, Golden Entertainment has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - Golden Entertainment shares have declined approximately 22.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for Golden Entertainment is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $171.12 million, and for the current fiscal year, it is $1.73 on revenues of $673.24 million [7] - The estimate revisions trend for Golden Entertainment has been unfavorable ahead of the earnings release, which may impact future stock movements [6] Industry Context - The Gaming industry, to which Golden Entertainment belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Another company in the same industry, International Game Technology (IGT), is expected to report a significant decline in earnings and revenues, indicating broader industry pressures [9][10]

Financial Performance - The Company reported third quarter revenue of $161.2 million, a decrease of 37.5% compared to $257.7 million in the same quarter of 2023[3]. - Adjusted EBITDA for the third quarter was $34.0 million, down 36.1% from $53.2 million in the prior year[3]. - Net income for the third quarter was $5.2 million, or $0.18 per diluted share, compared to $241.2 million, or $7.83 per diluted share, in Q3 2023[3]. - Total revenues for the three months ended September 30, 2024, were $161,233,000, a decrease of 5.3% from $170,131,000 in the same period of 2023[15]. - Adjusted EBITDA for continuing operations was $34,014,000, down 21.1% from $43,118,000 year-over-year[15]. - Net income for the three months ended September 30, 2024, was $5,167,000, compared to $241,216,000 in the same period of 2023, reflecting a significant decline[15]. - Revenues from Nevada Casino Resorts decreased to $99,547,000 from $105,524,000, a decline of 5.9%[15]. - Revenues from Nevada Locals Casinos fell to $35,405,000, down 6.6% from $37,901,000 year-over-year[15]. - Total revenues from divested operations were $87,595,000 for the three months ended September 30, 2023, compared to $6,019,000 in 2024[15]. - The company reported a gain on the sale of business amounting to $305,829,000 in the three months ended September 30, 2023[15]. - Interest expense, net, decreased to $7,959,000 from $15,306,000, indicating improved financial management[15]. - The income tax benefit for the three months ended September 30, 2024, was $6,398,000, compared to a provision of $67,187,000 in the same period of 2023[15]. - Corporate and other segments reported an adjusted EBITDA loss of $(10,191,000) for the three months ended September 30, 2024, compared to a loss of $(12,116,000) in 2023[15]. Share Repurchase and Dividends - The Company repurchased 815,116 shares at an average price of $31.65 per share for a total of $25.8 million during the third quarter[2]. - Year-to-date, the Company has repurchased 1.94 million shares at an average price of $30.70 per share, totaling $59.5 million[2]. - The Board of Directors authorized a recurring quarterly cash dividend of $0.25 per share, payable on January 7, 2025[1]. - The Company anticipates improved business conditions in the fourth quarter and plans to continue share repurchases throughout the year[2]. Debt and Cash Position - As of September 30, 2024, total debt outstanding was $399.0 million, primarily consisting of $395.0 million in term loan borrowings[4]. - The Company had cash and cash equivalents of $68.6 million and no outstanding borrowings under its $240 million revolving credit facility as of September 30, 2024[4]. Business Operations - The decline in revenue and Adjusted EBITDA was primarily due to the sale of the Rocky Gap Casino Resort and distributed gaming operations in 2023[3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 000-24993 ____________________________ ...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants James Adams - Investor Relations Blake Sartini - Founder, Chairman and Chief Executive Officer Charles Protell - President and Chief Financial Officer Conference Call Participants Barry Jonas - Truist Securities Jordan Bender - Citizens JMP David Katz - Jefferies Group John DeCree - CBRE Chad Beynon - Macquarie Carlo Santarelli - Deutsche Bank Operator Good afternoon, ladies and gentlemen. Thank you ...

For the quarter ended June 2024, Golden Entertainment (GDEN) reported revenue of $167.33 million, down 41.6% over the same period last year. EPS came in at $0.16, compared to $0.40 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $176.34 million, representing a surprise of -5.11%. The company delivered an EPS surprise of -27.27%, with the consensus EPS estimate being $0.22. While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Golden Entertainment (GDEN) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -27.27%. A quarter ago, it was expected that this gaming services provider would post earnings of $0.13 per share when it actually produced a loss of $0.37, delivering a surprise of -384.62%. Over the last fo ...

Exhibit 99.1 GOLDEN ENTERTAINMENT REPORTS 2024 SECOND QUARTER RESULTS LAS VEGAS – August 8, 2024 – Golden Entertainment, Inc. (NASDAQ: GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the second quarter ended June 30, 2024. The Company reported second quarter revenue of $167.3 million, net income of $0.6 million and Adjusted EBITDA of $41.2 million. In addition, on August 6, 2024, the Company's Board of Directors authorized the Company's third recurring quarterly cash div ...

Wall Street analysts forecast that Golden Entertainment (GDEN) will report quarterly earnings of $0.22 per share in its upcoming release, pointing to a year-over-year decline of 45%. It is anticipated that revenues will amount to $176.34 million, exhibiting a decline of 38.5% compared to the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their ...

| --- | --- | --- | --- | --- | --- | |--------------------------|------------|------------|------------|------------|------------| | | | | | | | | Quarter Ended | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | | Revenue | 278.05 | 286.68 | 257.73 | 230.69 | 174.05 | | Revenue Growth (YoY) | 1.61% | -0.93% | -7.62% | -17.52% | -37.40% | | Cost of Revenue | 159.56 | 162.29 | 149.86 | 128.31 | 81.38 | | Gross Profit | 118.49 | 124.39 | 107.87 | 102.39 | 92.67 | | Selling, General & Admin | 6 ...

Although the revenge travel phenomenon appears to have faded, the broader industry could still be enticing, thereby making an attractive case for casino stocks with dividends. During the worst of the Covid-19 crisis, quarantined households longed for the day when normalcy would return. This pent-up demand fueled the aforementioned revenge travel sentiment. Post pandemic, the concept of revenge has diminished. But in its place is a wider push for travel prioritization. Now, it's possible that consumer econom ...