Q4 2024 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue | Declined by approximately 5.2% (from $611.67M to $580.37M) | Total Revenue dropped modestly due to overall lower sales performance compared to Q4 2023, with weaker non-gaming as well as a slight decline in gaming revenue contributing to the dip. |
Non-gaming Revenue | Fell by about 14% (from $108.72M to $93.41M) | Non-gaming Revenue suffered a sharp decline likely caused by significant reductions in segments such as hotel and food & beverage, reflecting deteriorating performance in those areas compared to the previous period, exacerbating the overall revenue decline. |
Gaming Revenue | Dropped by roughly 3.2% (from $502.96M to $486.95M) | Gaming Revenue experienced a modest decline, which could be attributed to softer market conditions and lower overall operational performance compared to Q4 2023, indicating that the core gaming segment was less volatile than non-gaming areas. |
Total operating costs and expenses | Decreased by approximately 34% (from $927.61M to $612.66M) | The substantial reduction in operating costs and expenses reflects significant cost-cutting and operational efficiencies, which helped improve operating income from a loss of $315.94M to a much smaller loss of $32.29M, thereby partially offsetting revenue declines. |
Basic loss per share | Improved significantly from –$5.19 to –$1.75 | Basic loss per share improved markedly due to the dramatic reduction in overall operating losses, driven by the lower operating expenses, even though the business still posted negative earnings on a per-share basis. |
Total stockholders’ equity | Plunged nearly 95% (from $635.85M to $30.90M) | The sharp decline in total stockholders’ equity indicates severe balance sheet adjustments, likely driven by significant write-offs, revaluations, or adverse financial restructuring measures that have greatly reduced the equity value compared to Q4 2023. |