Company Reports Q4 Revenue of $1.1B, Exceeding Expectations

Reports Q4 revenue $1.1B, consensus $1.02B. CEO Keith Smith said: "Our company delivered another successful performance in 2025, as we continued to position ourselves for growth and to deliver long-term value for our shareholders. For the full year, we achieved record revenues while maintaining strong property-level margins. These results were driven by strength in play from our core customers and our focus on operational discipline. We further enhanced our customer offerings and the growth potential of our portfolio through our ongoing capital investments, including our progress toward the completion of our $750M resort in Virginia. We also unlocked the substantial value of our equity ownership in FanDuel, utilizing nearly $1.8B in gross proceeds to further fortify our balance sheet. And we continued to return significant capital to our shareholders, with more than $800M in share repurchases and dividends in 2025. Looking ahead, we are optimistic about 2026, as we expect to benefit from continued strength in play from our core customers, returns from our ongoing capital investments, and the financial strength created by our diversified free cash flow and strong balance sheet."