Gamehost (GH) Q4 2024 earnings summary

Executive summary

• Operating revenue for Q4 2024 decreased 0.6% year-over-year to $21.16 million.

• EBITDA for the quarter declined 4.6% to $8.30 million compared to Q4 2023.

• Earnings per share for Q4 2024 were $0.24, down from $0.25 in the prior year quarter.

• Dividend increased 25% effective November 2024 to $0.05 per share monthly, or $0.60 annualized.

Financial highlights

• Full-year 2024 operating revenue was $82.40 million, down 1.2% from 2023.

• Full-year EBITDA was $32.38 million, a 7.4% decrease year-over-year.

• Net profit for 2024 was $19.65 million, down 6.7% from 2023.

• Cash at year-end was $14.39 million; total debt reduced to $37.39 million.

Outlook and guidance

• Alberta's leading population growth and easing interest rates are expected to support economic results.

• Recent U.S. tariff threats and economic uncertainty pose risks to the outlook.