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Galaxy Entertainment Group Limited (GXYEF)
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Galaxy Entertainment Group (GXYEF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 27, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$0.09
Last Year’s EPS
$0.09
Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 07, 2024
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% Change Since: -1.85%
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Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong revenue and EBITDA growth, strategic market penetration, and effective cost management, alongside increased dividends and visitation rates. However, there are challenges such as slight underperformance in gaming luck and intense market competition. Overall, the sentiment is positive with a focus on growth and confidence in the market.
Company Guidance
During the Q2 2024 earnings call for Galaxy Entertainment Group (GEG), several key metrics and strategic initiatives were highlighted. GEG reported a revenue of $10.9 billion, marking a 26% year-on-year and 3% quarter-on-quarter increase, while adjusted EBITDA reached $3.2 billion, representing a 28% year-on-year and 12% quarter-on-quarter rise. The company maintained a strong balance sheet with a net cash position of $25.2 billion as of Q2 2024, and declared an interim dividend of $0.50 per share. GEG's Mass revenue was 114% of 2019 levels, with Galaxy Macau's Mass business achieving 134-137% of 2019's levels. Strategic initiatives included the installation of smart tables, which began in early July, and the expansion of facilities such as Capella at Galaxy Macau. GEG also noted a disciplined approach to cost management, with total OpEx down 2% from Q1 and staff costs representing around 75% of OpEx. The company remained committed to enhancing customer experience and capturing growth in the Asian market.
Significant Revenue and EBITDA Growth
GEG reported revenue of $10.9 billion, up 26% year-on-year and 3% quarter-on-quarter. Adjusted EBITDA was $3.2 billion, up 28% year-on-year and 12% quarter-on-quarter.
Strong Balance Sheet
GEG's balance sheet remained robust with net cash of $25.2 billion as of Q2 2024.
Market Penetration and Expansion
The Central Government expanded the IVS to 59 cities, making Macau more accessible to Mainland Chinese visitors.
Operational Efficiency and Cost Management
OpEx reduced by 2% compared to Q1, with staff costs only up 1% quarter-on-quarter. Staff numbers remained stable at approximately 20,000 people.
Visitation and Market Share Increase
In Q3, visitation to Galaxy Macau grew by over 30% compared to Q2, with August seeing a 50% increase over Q2's average.
Dividend Increase
An interim dividend of $0.50 per share was announced, reflecting strong confidence in Macau's market and GEG's future performance.
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Galaxy Entertainment Group (GXYEF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

GXYEF Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 27, 20252024 (Q4)
0.09 / -
0.091
Nov 07, 20242024 (Q3)
0.06 / 0.06
0.081-26.98% (-0.02)
Aug 15, 20242024 (Q2)
0.05 / 0.06
0.05419.05% (+0.01)
May 14, 20242024 (Q1)
0.05 / 0.04
0.017153.85% (+0.03)
Feb 28, 20242023 (Q4)
0.10 / 0.09
-0.024473.68% (+0.12)
Nov 09, 20232023 (Q3)
0.10 / 0.08
-0.049265.79% (+0.13)
Aug 17, 20232023 (Q2)
0.06 / 0.05
-0.025315.38% (+0.08)
May 18, 20232023 (Q1)
-0.01 / 0.02
-0.018192.86% (+0.03)
Feb 23, 20232022 (Q4)
-0.02 / -0.02
0.009-371.43% (-0.03)
Nov 10, 20222022 (Q3)
-0.06 / -0.05
-0.004-1166.67% (-0.04)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GXYEF Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024$4.33$4.66+7.62%
Aug 15, 2024$3.76$4.02+6.91%
May 14, 2024$4.91$4.70-4.28%
Feb 28, 2024$5.46$5.38-1.47%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Galaxy Entertainment Group Limited (GXYEF) report earnings?
Galaxy Entertainment Group Limited (GXYEF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
    What is Galaxy Entertainment Group Limited (GXYEF) earnings time?
    Galaxy Entertainment Group Limited (GXYEF) earnings time is at Feb 27, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is GXYEF EPS forecast?
          GXYEF EPS forecast for the fiscal quarter 2024 (Q4) is $0.09.
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