)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Galaxy Entertainment Group (27) investor relations material
Galaxy Entertainment Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 net revenue rose 14% year-on-year to $12.2 billion, with adjusted EBITDA up 14% to $3.3 billion; normalized EBITDA up 7% year-on-year and 5% quarter-on-quarter.
Sequentially, net revenue was up 1% and adjusted EBITDA down 6% from Q2 2025.
Major events impacting Q3 included seasonality and Typhoon Ragasa, which led to a 33-hour government-mandated casino closure.
Significant entertainment and MICE events drove a 41% year-on-year increase in foot traffic at Galaxy Macau, with approximately 260 events hosted in the first nine months.
Waldo Casino ceased operations on 31 October 2025, with employee transition support provided.
Financial highlights
Group net revenue: $12.2 billion (+14% YoY, +1% QoQ).
Group adjusted EBITDA: $3.3 billion (+14% YoY, -6% QoQ); normalized adjusted EBITDA up 7% YoY and 5% QoQ.
Latest twelve months adjusted EBITDA: $13.4 billion (+14% YoY, +3% QoQ).
Mass GGR: $9.5 billion (+13% YoY); VIP GGR: $2.0 billion (+86% YoY).
Paid interim dividend of $0.70 per share in October 2025.
Outlook and guidance
Continued ramp-up of Capella at Galaxy Macau, GICC, Galaxy Arena, Raffles, and Andaz Macau.
Phase 4 development focused on non-gaming, entertainment, and family facilities, targeted for completion in 2027.
Ongoing international expansion efforts, with monitoring of opportunities in Thailand, though delayed by government change.
Focus on customer service, facility upgrades, and cost management for operating leverage.
Optimism for mega events tourism and continued growth in non-gaming revenues.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Galaxy Entertainment Group earnings date
Q4 202523 Feb, 2026
Next Galaxy Entertainment Group earnings date
Q4 202523 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Galaxy Entertainment Group Limited is a hospitality and gaming company based in Macau, focused on developing and operating integrated resorts, casinos, and entertainment facilities. The company owns and operates major properties, including Galaxy Macau, Broadway Macau, and StarWorld Hotel, offering a mix of gaming, luxury accommodations, dining, and entertainment experiences. Galaxy Entertainment serves both local and international visitors, with additional offerings that include retail, leisure, and MICE (Meetings, Incentives, Conventions, and Exhibitions) facilities within its resorts. The company is headquartered in Macau, and its shares are listed on the Hong Kong Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage