Gamehost Reports Mixed Fourth Quarter Financial Results and Dividend Increase

Gamehost Inc. released its financial results for the fourth quarter ending December 31, 2024. Operating revenue slightly declined by 0.6% to $21.16 million compared to the previous year. EBITDA also saw a 4.6% decrease to $8.30 million, while earnings per share experienced a minor drop, from $0.25 to $0.24.

Regional performance varied, with Calgary showing a promising increase in operating revenue and EBITDA by 2.7% and 1.7% respectively. In contrast, Grande Prairie and Fort McMurray reported declines—revenue fell by 4.0% and 8.2%, and EBITDA dropped by 10.7% and 12.0% respectively.

Despite these results, Gamehost's board approved a 25% dividend increase effective November 2024, citing solid operational outcomes and reduced debt. The Alberta Gaming, Liquor and Cannabis Commission's decision to extend increased operator shares may also aid future performance.