Dave & Buster's Entertainment (NASDAQ:PLAY) reported financial results for the fourth quarter and fiscal year ended February 1, 2026, on Tuesday, March 31, 2026.
The company generated $2.1 billion in total revenue for fiscal 2025, representing a slight 1.4% decrease compared to the prior year, as the brand navigated a challenging consumer environment and shifts in discretionary spending.
The fiscal year was characterized by a 5% decline in comparable store sales, reflecting broader headwinds in the experiential dining and entertainment sector.
Dave & Buster's reported a full-year net loss of $48.7 million, or $1.40 per diluted share, which included a fourth-quarter net loss of $39.8 million.
Adjusted EBITDA for the year was $436.6 million, down from the $506.2 million reported in fiscal 2024.
Despite the bottom-line pressure, the company continued to expand its physical footprint, opening 11 new stores during fiscal 2025.
These new locations are part of a broader real estate strategy focused on high-traffic suburban markets and "social gaming" hubs.
Dave & Buster's finished the fourth quarter with a solid liquidity position of $482.9 million, providing the financial flexibility to execute its ongoing store remodel program and technology upgrades.
Looking ahead, management issued an optimistic outlook for fiscal 2026, signaling a turn toward growth.
The company expects to achieve positive same-store sales and improvements across both total revenue and adjusted EBITDA in the coming year.