Monarch Casino & Resort, Inc. (MCRI) released its financial results for the third quarter of 2025, reporting revenues of $142.81 million, a 3.6% increase year over year.
The company posted earnings per share (EPS) of $1.69, representing a 15% rise from $1.47 in the same quarter last year and surpassing the Zacks Consensus Estimate of $1.63 by nearly 4%, according to Zacks. However, the revenue figure fell slightly short of analysts’ expectations, missing the consensus projection of $144 million by about 0.8%.
Key Takeaways:
- Monarch reports a 15% rise in EPS for Q3 2025
- Revenue growth remains modest at 3.6%, with some segments declining
- Strong EBITDA and record quarterly performance highlight resilience
Despite this small revenue shortfall, Monarch has consistently exceeded EPS estimates over the past year, indicating a stable financial position within the gaming and hospitality industry.
Monarch Casino & Resort Marks Record Growth
A closer look at Monarch’s revenue streams reveals varied performance across business segments. Casino operations generated $80.13 million in revenue, up 5% from the prior year.
Hotel revenues also increased by 3.9% to $22.49 million, while food and beverage services rose 2.9% to $33.84 million. The company’s “Other” segment, however, experienced a 9.8% decline, dropping to $6.35 million.
In addition, Monarch declared a quarterly cash dividend of $0.30 per share, consistent with its commitment to shareholder returns. Despite the Q3 results, the company’s shares decreased 6.5% over the last month, a decline contrasting with the S&P 500’s 1.2% gain during the same period. Nevertheless, year-to-date shares have risen approximately 22.3%, outperforming the broader market’s 14.5% increase, per Zacks.
Industry data also highlighted a strong adjusted EBITDA of $54.85 million for the quarter, a rise of 8.3% compared to the previous year, contributing to an all-time record quarterly performance for Monarch’s financial results.
Steady Outlook Positions Monarch for Sustained Growth
John Farahi, co-chairman and chief executive officer of Monarch, commented that the company “delivered all-time record quarterly financial results,” noting that net revenue increased 3.6 percent year-over-year and adjusted EBITDA rose 8.3 percent. “We believe that our elevated product, combined with exceptional guest service, will continue to drive increased guest visitation and sustained revenue growth,” Farahi said.
Monarch’s consistent revenue gains across most segments, accompanied by strong earnings growth, indicate operational efficiency and strategic positioning within a competitive gaming landscape.
