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Canterbury Park (CPHC) investor relations material
Canterbury Park Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenues for Q3 2025 were $18.3M, down 5.0% year-over-year; nine-month revenues were $47.1M, also down 5.0% year-over-year.
Q3 2025 net income was $487K ($0.10/share), a 75.9% decrease from Q3 2024; nine-month net loss was $139K versus $3.4M net income in 2024.
Adjusted EBITDA for Q3 2025 was $2.8M (15.4% margin), down 14.2% year-over-year; nine-month Adjusted EBITDA was $6.6M, down 25.6%.
Food and beverage revenues grew 13.1% in Q3 and 3.9% year-to-date, driven by special events, improved service, and a new POS system.
Boardwalk Kitchen & Bar opened, receiving positive reception and supporting real estate development.
Financial highlights
Casino revenues declined 9.7% in Q3 2025 year-over-year; food and beverage revenues rose 13.1%.
Q3 2025 net income: $487K ($0.10/share); Q3 2024: $2.0M ($0.40/share).
Nine-month net loss: $139K ($-0.03/share); 2024: $3.4M net income ($0.67/share).
Adjusted EBITDA Q3: $2.8M (15.4% margin); nine months: $6.6M (14.1% margin).
Cash and short-term investments at quarter-end: nearly $17M; TIF receivables over $20M.
Outlook and guidance
Management remains focused on increasing casino traffic, improving operating efficiencies, and expanding entertainment, hospitality, and real estate.
Payments on TIF receivables expected to begin late Q4 2025 or early 2026.
Exploring additional development opportunities for 25 acres of prime land near the amphitheater, with ongoing market analysis.
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