智通财经网·2025-11-06 00:19Core Viewpoint - Galaxy Entertainment Group reported a net revenue of HKD 12.2 billion for Q3 2025, representing a year-on-year increase of 14% and a quarter-on-quarter increase of 1% [1] Financial Performance - Adjusted EBITDA for the group was HKD 3.3 billion, up 14% year-on-year but down 6% quarter-on-quarter [1] - Adjusted EBITDA for "Galaxy Macau™" reached HKD 3.1 billion, marking a 20% increase year-on-year but an 8% decrease quarter-on-quarter [1] - Adjusted EBITDA for the StarWorld Hotel was HKD 369 million, down 7% year-on-year but up 22% quarter-on-quarter [1] - Adjusted EBITDA for "Broadway Macau™" was HKD 1 million, compared to HKD 11 million in Q3 2024 and HKD 4 million in Q2 2025 [1] - Over the past twelve months, the group's adjusted EBITDA totaled HKD 13.4 billion, reflecting a 14% year-on-year increase and a 3% quarter-on-quarter increase [1] Gaming Operations - In Q3 2025, the gaming business experienced a higher net win rate, contributing an additional HKD 14 million to adjusted EBITDA [1] - After normalizing the net win rate, the adjusted EBITDA was HKD 3.3 billion, which is a 7% increase year-on-year and a 5% increase quarter-on-quarter [1]