Filing Flows › Gaming & Leisure Properties (GLPI) › Q1 FY25
Gaming & Leisure Properties (GLPI) Q1 FY25 earnings results (first quarter fiscal 2025)
10-Q filed Apr 24, 2025
Gaming & Leisure Properties (GLPI) reported revenue of $395M for the first quarter fiscal 2025 (Q1 FY25), +5% from a year earlier and +1% from the quarter before. Operating margin was 65.5%, net earnings $165M (41.8% of revenue).
Gaming & Leisure Properties, Q1 FY25: revenue $395M (+5% year over year), operating margin 65.5%, net earnings $165M, operating cash flow $252M. The chart follows the revenue to costs, profit and cash.
| Q1 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $395M | +1% | +5% |
| Operating profit | $259M | -16% | +0.5% |
| Net earnings | $165M | -24% | -5% |
| Operating cash flow | $252M | -14% | -2% |
| Free cash flow | $240M | -24% | -7% |
What changed
Revenue was $395.2M in Q1 FY25, up 5% year over year and up 1% from the previous quarter.
Operating profit was $258.8M, a 65.5% margin (down 3.0 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 69% margin then. Total costs grew 15% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $165.2M, down 5% year over year. The effective tax rate was 0.3%.
Operating cash flow was $252.5M (down 2% year over year), 148% of net income including minority interests. Non-cash charges added back $69.3M of depreciation and amortization and $8.9M of share-based compensation. Capital expenditures of $12.9M left free cash flow of $239.6M.
Questions
What was Gaming & Leisure Properties' revenue in the first quarter fiscal 2025?
Gaming & Leisure Properties (GLPI) reported revenue of $395M for the first quarter fiscal 2025 (Q1 FY25), +5% from a year earlier and +1% from the quarter before.
Was Gaming & Leisure Properties profitable in the first quarter fiscal 2025?
Operating profit was $259M (65.5% of revenue) and net earnings $165M.