Century Casinos Q4 Results Miss Expectations

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Colorado Springs, Colorado - On Friday, Century Casinos, Inc. (NASDAQ:CNTY) reported fourth-quarter results that fell short of analyst expectations, with the company posting a loss of $0.61 per share, compared to the market consensus of a $0.40 loss. Revenue was $138.0 million, also below the analyst estimate of $141.58 million, remaining flat compared to the same period last year.

The company’s stock rose 1.40% after the earnings release, indicating cautious optimism among investors about this mixed performance.

The casino operator reported an adjusted EBITDA of $23.9 million for the quarter, up 13% year-over-year. Co-CEOs Erwin Haitzmann and Peter Hoetzinger stated, “We are beginning to see improvements in the lower-end customer segment, and we are pleased with the 13% growth in adjusted EBITDA and margin expansion for Q4 2025, but we believe our casino portfolio has not yet reached its full potential.”

For the full year 2025, Century Casinos reported revenue of $573.0 million, a 1% decrease year-over-year, with a net loss of $2.04 per share, compared to a loss of $5.02 in 2024.

The company’s operating income significantly improved to $51.3 million, a 331% increase from the previous year, mainly due to a $70.2 million goodwill impairment charge recorded in Q4 2024.

The company’s Midwest U.S. operations performed strongly, generating revenue of $40.8 million, a 2% increase year-over-year, while its Western U.S. operations declined 7% to $17.7 million.

Century Casinos opened its BetMGM sports betting operation at its Cape Girardeau property in December 2025, and in February 2026, it opened its second casino in Wroclaw, Poland.

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