Century Casinos Clocks 39% Jump In Q4 Revenues, To Gain From Newly Acquired Units From 2025
Portfolio Pulse from Nabaparna Bhattacharya
Century Casinos, Inc. (NASDAQ:CNTY) reported a 39% increase in Q4 revenues to $143.76 million, surpassing analyst expectations. Despite a loss per share of $(0.36), the company saw a 17% increase in Adjusted EBITDAR. Operations in Poland were affected by licensing delays. The company anticipates benefits from newly acquired units starting 2025, with $171.3 million in cash and $346.8 million in debt as of the end of 2023. CNTY shares rose 0.32% to $3.09.
March 14, 2024 | 4:27 pm
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Century Casinos reported a 39% increase in Q4 revenues and a 17% increase in Adjusted EBITDAR, despite a loss per share of $(0.36). The company is optimistic about the future post-acquisition integration by 2025.
The positive revenue growth and the optimistic outlook for 2025, despite the temporary setbacks in Poland, suggest a positive short-term impact on CNTY's stock. The increase in Adjusted EBITDAR and the company's strategic focus on integrating newly acquired units indicate strong future potential, likely contributing to investor confidence and a positive stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100