Golden Entertainment (NASDAQ:GDEN) reported a net loss of $8.5 million for the fourth quarter on Friday, falling from a net income of $3 million in the prior-year period.
On a per-share basis, the loss amounted to $0.33, compared with a profit of $0.10 per fully diluted share a year ago.
The revenue environment for the regional casino and tavern operator also tightened, with fourth-quarter sales reaching $155.6 million, down from $164.2 million in the final months of 2024.
Adjusted EBITDA for the quarter followed a similar trajectory, declining to $33.5 million from $39.2 million year-over-year.
The full-year results reflect a period of transition for the company.
For 2025, Golden Entertainment reported a net loss of $6 million, or $0.23 per share, a sharp reversal from the $50.7 million profit recorded in 2024.
The annual loss was exacerbated by a $10.2 million hit related to the disposal of assets.
Total annual revenue reached $634.9 million, compared to $666.8 million in the previous year.
Despite the quarterly loss, the company signaled a commitment to shareholder returns.
Following a $0.25 per share dividend paid in early January, the Board of Directors authorized a subsequent quarterly dividend of $0.25 per share, payable on April 1, 2026, to shareholders of record as of mid-March.