Published on 2 Nov 2023 on GuruFocus.com via Yahoo Finance
Golden Entertainment Inc (GDEN) Reports Q3 2023 Earnings: Net Income Skyrockets to $241.2 Million
Golden Entertainment Inc (NASDAQ:GDEN) reported Q3 2023 revenues of $257.7 million, a decrease from $279.0 million in Q3 2022.The company's net income for Q3 2023 was $241.2 million, a significant increase from $14.0 million in the same period last year.Adjusted EBITDA for Q3 2023 was $53.2 million, compared to $61.1 million for Q3 2022.The company completed the sale of Rocky Gap Casino Resort and Montana distributed gaming business, strengthening its balance sheet.
Warning! GuruFocus has detected 4 Warning Sign with GDEN.