Mohegan posts $418.8m in Q2 net revenue, up 4% year-over-year
Digital adjusted EBITDA grew by almost 33%.
Key Points
- The company posted revenue growth year-over-year
- Revenue rose by more than 4% when compared to last year’s total
Mohegan has published its fiscal operating results for the second quarter of 2025.
During the period, the company reported $418.8m in net revenues, reflecting a 4.1% increase when compared to results posted during the same quarter last year.
The company’s digital adjusted EBITDA grew by 32.7% year-over-year and reached $26.8m in the second quarter.
However, overall Q2 adjusted EBITDA fell by 22.4% and totaled $83.9m.
In Q2, the company completed comprehensive refinancing of substantially of all its restricted group’s debt.
Mohegan CEO Raymond Pineault highlighted some key moments for the company in Q2.
He said, “During the quarter we completed a holistic refinancing of our capital structure, which was among the most significant in our history. This important advancement was made possible through reconstituting our Digital business into a commercial legal entity, which enabled us to unlock value for the company and investors, along with direct support from the Tribe. All of which highlights the strategic importance of having the Tribe as a long-term owner and investor.
“The culmination of these strategic initiatives has enabled us to build substantial runway and financial stability for the business which will allow us to remain hyper focused on our core business.”
Mohegan currently owns and manages entertainment resort properties in the United States and Canada. Its Canadian operations are based in Niagara Falls within the province of Ontario, but the company also owns resorts in Connecticut and Pennsylvania.
In addition to its casino resorts, Mohegan owns the WNBA professional basketball team, Connecticut Sun.
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