Golden Nugget Online Gaming (GNOG) PT Lowered to $20 at Benchmark
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Golden Nugget Online Gaming (GNOG) Reports Q1 Revenues Beat
May 17, 2021 4:11 PM EDTGolden Nugget Online Gaming (NASDAQ: GNOG) reported Q1 revenue for the quarter came in at $26.7 million versus the consensus estimate of $23.03 million.
First Quarter Highlights
Revenue was $26.7 million, representing an increase of 54.2%, compared to $17.3 million during the first quarter of 2020.Net income was $69.6 million after gains on warrant derivatives liabilities of $81.1 million, a gain on the tax receivable agreement liability of $1.3 million and debt extinguishment expenses of $2.2 million.Adjusted EBITDA was $(3.5) million compared to Adjusted EBITDA of $5.9 million for the first quarter of 2020.The previous full-year revenue outlook... More