EarningsQ2 2026 Earnings Report
DE:CNT Q2 2026 EPS Results
Actual EPS-€0.35
Consensus EPS-€0.30
Beat/MissMissed by -€0.05
One Year Ago EPS-€0.36
DE:CNT Q2 2026 Revenue Results
Actual Revenue€135.66M
Expected Revenue€137.33M
Beat/MissMissed by -€1.67M
YoY Revenue Growth+0.78%
Earnings Announcement Details
QuarterQ2 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
DE:CNT Upcoming Earnings
Century Casinos's next earnings date is estimated for November 6, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:CNT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents predominantly positive operational momentum across the U.S. portfolio with record second-quarter revenue and EBITDA, broad-based property-level improvements (notably Nugget, Missouri, Colorado and Canada), improving margins and signs that prior capital investments are contributing to EBITDA growth. Lowlights are concentrated in Poland (portfolio transition, start-up losses and table hold variance), remaining elevated leverage (net debt-to-EBITDA 6.5x) and some localized competitive pressures. Management is actively pursuing international asset monetizations and lender flexibility to accelerate deleveraging. On balance, highlights materially outweigh the lowlights.Company Guidance
Company Record Q2 Revenue and EBITDA
Net operating revenue of $152.0M, up 1% year-over-year, and adjusted EBITDA of $31.7M, up 5% year-over-year — both are all-time records for the company in a second quarter.
Strong North American Operational Performance
U.S.+Canada+corporate EBITDA was up 12% in Q2 and up 17% year-to-date; North American operations generate around 90% of total results and U.S. properties drive roughly 75% of total revenue and EBITDA.
U.S. Revenue and Earnings Growth
U.S. net operating revenue of $111.6M in Q2, up 5% year-over-year; adjusted EBITDAR rose 12% to $28.9M in Q2 and is up ~16% for the first half of 2026 versus 2025, demonstrating operating leverage (EBITDAR grew more than twice as fast as revenue).
Nugget Outperformance and Momentum
Nugget net operating revenue increased 16% and adjusted EBITDAR increased ~93% year-over-year; slot coin-in +6%, hotel cash revenue +36%, hotel occupancy +19%, transient corporate room nights +300%, three consecutive quarters of year-over-year adjusted EBITDAR growth and improved guest quality (ADT >400 customers up ~20%).
Missouri Portfolio Strength
Combined Missouri net operating revenue increased >8% in Q2 with Cape Girardeau adjusted EBITDAR +9.6% and Caruthersville +5.5%; Caruthersville rated gaming revenue +32%, unique guests +9%, guests traveling >50 miles +15% and the property achieved its highest quarterly GGR and net revenue in its history.
Colorado Momentum (Central City & Cripple Creek)
Central City net operating revenue +11.5% and adjusted EBITDAR +32%; guest volume +16%, coin-in +20%, hotel occupancy 74%; Central City nearly doubled H1 adjusted EBITDAR vs prior year. Cripple Creek revenue +2% with H1 EBITDAR well ahead of last year.
Canada: Broad-Based Improvement
Canadian net operating revenue $20.4M, up 2.2% YoY, and adjusted EBITDA $6.2M, up 11% YoY; Century Mile coin-in +11.2% (outpacing Edmonton market) and Century St. Albert exceeded market with +6.2% growth and record coin-in in May/June; total operating expenses down 1.3%.
Resilient East Assets (Rocky Gap & Mountaineer)
Rocky Gap: slot coin-in +2%, golf cash revenue +13%, net operating revenue down <1% but adjusted EBITDA essentially flat and H1 EBITDAR +9% YoY. Mountaineer: highest gaming revenue in the company, horse racing revenue +~40%, sports betting and iGaming growth, revenue from 400+ ADT customers +7% and revenue from ages 21–39 +31%; H1 adjusted EBITDAR +6% ahead of prior year.
Improved Margins and Capital Investment Payoffs
Average margin of U.S. properties increased from 24% to 26%; Canada margin grew from 28% to 30%. Management states recent capital investments have moved into a contribution phase, driving meaningful EBITDA growth across the portfolio.
Balance Sheet Progress and Liquidity
Cash and cash equivalents $60.2M; total debt $336.5M, net debt $276.3M (net debt-to-EBITDA improved to 6.5x) with management expecting leverage to reduce to well below 6.0x by year-end; no debt maturities until Q2 2029; 2026 CapEx expected ~ $15M (down from $18M prior year).
DE:CNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed