Golden Matrix: Q3 revenue rises 15% to $47.3m
MeridianBet was the company's key revenue driver as it returned to net profitability.
MeridianBet was the company's key revenue driver as it returned to net profitability.
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.
Belle Corporation has reported consolidated net income of PHP1.32bn for the nine months ended 30 September 2025, marking a 14% decrease compared to the PHP1.53bn recorded during the same period in 2024.
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%.
Operator reports first annual profit since FY2020 amid improved performance in Sydney and Perth.
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.
Caesars Digital revenue increased 2.6% throughout the third quarter of 2025, having totaled $311m while regional operations generated $1.5bn and grew 6.2% year-over-year.
Operator maintains full-year EBITDA guidance in trading update, following continued retail recovery and international expansion.