Century Casinos (NASDAQ:CNTY) today released its financial results for the fourth quarter and full year ending December 31, 2024.
The company reported a net operating revenue of $137.8 million for the quarter, marking a 4% decline compared to the same period last year.
The net loss attributable to shareholders widened significantly to $64.9 million, a 500% change, translating to a basic net loss per share of $2.11.
Adjusted EBITDAR for the quarter stood at $21.1 million, reflecting a 17% decrease.
For the full year, Century Casinos posted a net operating revenue of $575.9 million, up 5% from 2023.
However, the net loss attributable to shareholders reached $128.2 million, a 355% increase, with a basic net loss per share of $4.19.
The results highlight a challenging year for the company despite revenue growth, driven by significant increases in losses.