Galaxy Entertainment Group Reports Impressive Q2 2023 Financial Results

Soaring Profits and Revenue Drive Strong Performance

Key Highlights:

• Q2 2023 Group Adjusted EBITDA: 25 billion, a remarkable increase from 384 million in Q2 2022
• Q2 Net Revenue: 66 billion, representing a 35.6% year-on-year and a 22% quarter-on-quarter increase
• Net profit attributable to shareholders: 29 billion, significantly higher than the 850 million reported in 1H 2022

Galaxy Entertainment Group Ltd., a leading Macau casino operator, has announced its Q2 2023 financial results, showcasing robust growth across key financial metrics.

The company's Group Adjusted EBITDA for Q2 2023 reached 25 billion, a staggering increase compared to the 384 million reported in Q2 2022. This remarkable growth is attributed to the easing of travel restrictions and the gradual recovery of the gaming industry in Macau.

Q2 Net Revenue witnessed a significant surge of 35.6% year-on-year and 22% quarter-on-quarter, amounting to 66 billion. This revenue growth is driven by the strong performance of the company's integrated resorts and increased customer visits.

Galaxy Entertainment Group's net profit attributable to shareholders also saw a substantial improvement, rising from 850 million in 1H 2022 to 29 billion in Q2 2023. This increase is a testament to the company's effective cost management strategies and operational efficiency.

Galaxy Macau, the company's flagship property, also reported a strong financial performance. Its Adjusted EBITDA for Q2 2023 reached 40 billion, a significant increase compared to the previous quarter.

Looking ahead, Galaxy Entertainment Group remains optimistic about the long-term growth prospects of the Macau gaming industry. The company is committed to investing in its operations and exploring new opportunities to enhance shareholder value.