Eldorado Resorts (ERI) Misses Q3 EPS by 16c

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Go back to Eldorado Resorts (ERI) Misses Q3 EPS by 16c

Eldorado Resorts Reports Third Quarter Net Revenue of $663.2 Million, Operating Income of $124.9 Million, and Adjusted EBITDA of $197.8 Million

November 6, 2019 4:05 PM EST

RENO, Nev.--(BUSINESS WIRE)-- Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) today reported operating results for the third quarter ended September 30, 2019.

Third Quarter and Recent Highlights:

Net revenue of $663.2 million, an increase of 36.1% on a GAAP basis and decrease of 4.1% on a same-store basis Operating income of $124.9 million, an increase of 36.1% on a GAAP basis and 36.5% on a same-store basis, with net income of $37.1 million Adjusted EBITDA rose 7.9% year over year on a same-store basis Adjusted EBITDA margin expanded 330 basis points... More