The chart below shows how CNTY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNTY sees a -0.06% change in stock price 10 days leading up to the earnings, and a +0.27% change 10 days following the report. On the earnings day itself, the stock moves by -2.20%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Net Revenue Decline: Net revenue of $156 million, a small decrease of 3% compared to Q3 of last year.
Adjusted EBITDA Decline: Adjusted EBITDA was $32.9 million, down just 1%.
EBITDA Margin Improvement: Consolidated EBITDA margin increased from 20.6% to 21.1%.
Casino EBITDA Recovery: The casino in Poland successfully reopened, returning to a normal run rate of around $10 million to $12 million in annual EBITDA.
East Segment Performance: Revenue of the East segment was up 7%, with EBITDA up 5%.
Negative
Net Revenue Decline: Net revenue decreased by 3% to $156 million compared to Q3 of last year.
Adjusted EBITDA Decline: Adjusted EBITDA was $32.9 million, down just 1%.
Revenue Decline Due to Closure: The main reason for the small revenue decline was the temporary closure of one of our casinos in Poland.
Midwest Segment Performance: Revenue of the Midwest segment was essentially flat, with EBITDA down 5%.
Net Revenue Decline: The decrease in net operating revenue is basically due to one casino, namely, Century Downs, where the decrease is rounded numbers, now about $1 million less than net operating revenue.
Century Casinos, Inc. (CNTY) Q3 2024 Earnings Call Transcript
CNTY.O
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