GLPI reports Q3 revenue high of $397.6m, income up 30.7%
The operator also generated an all-time quarterly high in adjusted EBITDA and AFFO, which grew 5.8% and 5.1% year-over-year, respectively, for Q3 2025 totals of $366.4m and $282m.
The operator also generated an all-time quarterly high in adjusted EBITDA and AFFO, which grew 5.8% and 5.1% year-over-year, respectively, for Q3 2025 totals of $366.4m and $282m.
The operator's adjusted EBITDA for the third quarter of 2025 was reported to be $36m, representing an increase of 54%, while total revenue grew 20% from the prior year period.
The operator stated its net loss for Q3 2025 was attributed to a $256m charge for withdrawing its commercial gaming license application in New York, as well as $93m in non-cash write-offs.
Both the Las Vegas Strip and Downtown areas witnessed falls in revenue year-over-year, as the Strip reported a September 2025 revenue of just over $687.8m but decreased 5.5%.
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The operator's Las Vegas business drove $468.6m of the total revenue reported for the third quarter of 2025, as adjusted EBITDA also managed to grow by 4.5% to $190.9m.
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