Morningstar

Galaxy Entertainment's Core Earnings Rose in Third Quarter

Provided by Dow Jones

By Amanda Lee 




  Galaxy Entertainment's core earnings rose in the third quarter, supported by better performance from its integrated resort. 



  Adjusted Ebitda, a measure of core earnings that excludes interest, taxes, and other one-off costs, rose 14% compared with a year earlier to 3.34 billion Hong Kong dollars, equivalent to US$429.6 million, the casino operator said Thursday. 



  Revenue for the quarter ended September also rose 14% on the year to HK$12.16 billion. 



  The casino operator said the primary contributor to its revenue and earnings was Galaxy Macau. 



  Galaxy Macau's net revenue during the quarter rose 20% on the year to HK$10.1 billion, while its adjusted Ebitda also jumped 20% compared with a year earlier to HK$3.1 billion. 



  For the first nine months of the year, Galaxy Entertainment held about 260 entertainment, sports, arts and culture, as well as MICE events. This contributed to a 41% on-year increase in foot traffic at Galaxy Macau and boosted Galaxy Entertainment's business significantly, it said. 



  Looking ahead, Galaxy Entertainment said it would carefully manage costs to deliver operating leverage as it continues to grow the top line. 





  Write to Amanda Lee at amanda.lee@wsj.com 





  (END) Dow Jones Newswires



  November 05, 2025 20:02 ET (01:02 GMT)


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