Galaxy Entertainment Group Reports Q4 & Annual 2020 Results

Full Year Net Revenue of $7.8 billion, down 79% year-on-year
Full Year Adjusted EBITDA of $(0.9) billion versus $12.6 billion in 2019
Q4 Net Revenue of $3.3 billion, down 64% year-on-year and up 430% quarter-on-quarter
Q4 Adjusted EBITDA of $0.7 billion, down 77% year-on-year and up 193% quarter-on-quarter
Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $41 million, normalized Q4 Adjusted EBITDA of $0.8 billion, down 74% year-on-year and up 199% quarter-on-quarter
Hotel occupancy for Q4 across the five hotels was 49%
 
Full Year Net Revenue of $2.2 billion, down 80% year-on-year
Full Year Adjusted EBITDA of $(0.3) billion versus $3.5 billion in 2019
Q4 Net Revenue of $1.0 billion, down 64% year-on-year and up 380% quarter-on-quarter
Q4 Adjusted EBITDA of $0.2 billion, down 81% year-on-year and up 167% quarter-on-quarter

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