Monarch Casino & Resort Q2 2025 revenue reaches $136.9m, net income grows 19.1%

Monarch Casino & Resort has reported its financial performance throughout the second quarter of 2025, having generated a net revenue of $136.9m for the period, equating to an increase of 6.8% year-over-year, while net income grew 19.1% for a total of $27m. 

The operator’s casino segment drove the most revenue for Q2 2025, producing $79.6m for an increase of 12.1% from the prior year period. Food & beverage accounted for an additional $32.2m and grew by 1.1% year-over-year, but Monarch Casino & Resort’s hotel revenue decreased by 3.1% from the prior year period for a total of $19.1m in Q2 2025. 

“Monarch delivered record second quarter financial results. Net revenue increased 6.8% year-over-year to $136.9 million, driven by strong casino revenues, which rose 12.1% over the same period a year-ago,” Monarch Casino & Resort John Farahi said. 

“Our focus on technology and operational efficiencies drove an operating margin increase of approximately 320 basis points over the prior year period to a second quarter Adjusted EBITDA margin of 37.5%. Adjusted EBITDA increased 16.8% year-over year to $51.3 million.”

As stated by Farahi, Monarch Casino & Resort’s adjusted EBITDA for Q2 2025 was reported to be $51.3m, representing growth of 16.8% from the prior year period. The operator witnessed a $4m increase in operating expenses throughout the period when compared to Q2 2024, however, costing a total of just over $102m. 

Good to know: International Game Technology expanded upon its partnership with Monarch Casino & Resort in August 2024 to extend its sports betting footprint across Nevada and Colorado

Income from operations for Monarch Casino & Resort still managed to increase by 18.4% from the prior year period, having generated $34.9m for Q2 2025. The company also repurchased over 240,000 shares of its common stock in the second quarter of 2025, paying an aggregate amount of $19.8m through its share repurchase plan. 

Monarch Casino & Resort also released its financial performance throughout H1 2025, with net revenue increasing by 5% year-over-year to $262.3m, while net income was reported to be $46.9m and grew by 14.4% from the prior year period. The operator’s adjusted EBITDA for H1 2025 was reported to be just over $92.4m, representing an increase of 12.1% year-over-year.

Kirk Geller

Visit Profile

Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.