Filing Flows › Gaming & Leisure Properties (GLPI) › Q3 FY25
Gaming & Leisure Properties (GLPI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Oct 30, 2025
Gaming & Leisure Properties (GLPI) reported revenue of $398M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +0.7% from the quarter before. Operating margin was 84.8%, net earnings $241M (60.7% of revenue).
Gaming & Leisure Properties, Q3 FY25: revenue $398M (+3% year over year), operating margin 84.8%, net earnings $241M, operating cash flow $240M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $398M | +0.7% | +3% |
| Operating profit | $337M | +39% | +24% |
| Net earnings | $241M | +59% | +31% |
| Operating cash flow | $240M | -18% | -11% |
| Free cash flow | $183M | -33% | -28% |
What changed
Revenue was $397.6M in Q3 FY25, up 3% year over year and up 1% from the previous quarter.
Operating profit was $337.2M, a 84.8% margin (up 14.4 points year over year). Of the extra revenue versus a year earlier, 536% reached operating profit, above the 70% margin then. Total costs fell 47% while revenue rose 3%. The fastest-growing cost line was General & admin (+23%). Net earnings were $241.2M, up 31% year over year. The effective tax rate was 0.2%.
Operating cash flow was $240.3M (down 11% year over year), 97% of net income including minority interests. Non-cash charges added back $71.7M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $81.5M. Capital expenditures of $57.3M left free cash flow of $183.0M.
Questions
What was Gaming & Leisure Properties' revenue in the third quarter fiscal 2025?
Gaming & Leisure Properties (GLPI) reported revenue of $398M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +0.7% from the quarter before.
Was Gaming & Leisure Properties profitable in the third quarter fiscal 2025?
Operating profit was $337M (84.8% of revenue) and net earnings $241M.