Monarch Casino & Resort has reported its financial results for Q4 2025 as well as full-year, having set new records for revenue and adjusted EBITDA during both periods. Revenue for Q4 2025 totaled $140m and increased 4.1%, while the operator’s revenue during FY2025 climbed 4.4% to $545.1m.
During the fourth quarter of 2025, Monarch managed to increase net income by a significant 444.9% for a total of $22.9m, despite reporting a negative net income impact of $7m for the period. The operator’s adjusted EBITDA reached an all-time quarterly high of $51.8m, representing growth of 9.6%.
Casino operations accounted for the most revenue of any sector during Q4 2025, generating $81.2m for an increase of 5.3% year-over-year. Monarch’s food & beverage and other sectors produced Q4 2025 revenues of $34.1m and $6.8m, respectively, equating to increases of 4.8% and 2.4%.
Despite the record quarterly revenue for Q4 2025, Monarch’s hotel operations failed to generate similar success to the operator’s fellow verticals, having witnessed a decrease in revenue of 1.9% for a total of $17.9m.
For FY2025, the operator’s net revenue increased 4.4% to an all-time high $545.1m, while Monarch’s adjusted EBITDA during the period totaled $199.1m and grew 10.4%.
Monarch reportedly faced a negative impact of $8.2m to its net income for FY2025, but the figure still managed to rise 39.3% to $101.4m.
Casino operations reported a FY2025 revenue of $313.8m and increased 6.8% from the prior year period, while hotel revenues reported a similar decrease to its Q4 2025 figure, falling 0.2% to $76.2m.
The operator’s food & beverage and other operations accounted for $130.2m and just over $24.9m during FY 2025, respectively, representing increases of 2.1% and 1.6% year-over-year.
Monarch’s income from operations during FY2025 was reported to be nearly $127.5m, equating to growth of 37.8%, while income from operations for the fourth quarter of 2025 totaled $29.1m and increased 645.7%.
Las Vegas Sands reported its financial results for the fourth quarter of 2025 and full-year on January 28, as revenue during the quarterly period totaled just over $3.6bn, representing an increase of 26%
