Q2 25 EPS
$0.54
MISS 30.99%
Est. $0.78
Q2 25 Revenue
$394.9M
MISS 0.57%
Est. $397.2M
vs S&P Since Q2 25
-7.5%
TRAILING MARKET
GLPI +5.6% vs S&P +13.1%
Market Reaction
Did GLPI Beat Earnings? Q2 2025 Results
Gaming & Leisure Properties delivered a mixed second quarter for 2025, posting results that fell short of Wall Street expectations despite steady underlying growth. GAAP diluted EPS came in at $0.54, missing the $0.78 consensus estimate by 30.99%, wh… Read more Gaming & Leisure Properties delivered a mixed second quarter for 2025, posting results that fell short of Wall Street expectations despite steady underlying growth. GAAP diluted EPS came in at $0.54, missing the $0.78 consensus estimate by 30.99%, while revenue of $394.88 million edged below the $397.16 million forecast by 0.57%, though it still represented a 3.7% gain year over year. The primary culprit behind the earnings shortfall was a $53.73 million provision for credit losses, a stark reversal from the $3.79 million benefit recorded in Q2 2024, which dragged net income to $156.20 million from $214.40 million a year earlier. On an operational basis, however, the story was more constructive, with Adjusted EBITDA climbing 6.2% to $361.50 million and AFFO per diluted share rising to $0.96 from $0.94. CEO Peter Carlino pointed to several H2 2025 catalysts, including the $130 million Hollywood Casino Joliet relocation funding and ongoing Bally's Chicago development, as GLPI raised the low end of its full-year AFFO guidance to a range of $3.85 to $3.87 per diluted share.
Key Takeaways
- • Record revenue, AFFO, and Adjusted EBITDA driven by recent acquisitions and financing arrangements
- • Contractual escalators and percentage rent adjustments
- • Growing base of regional gaming operator tenants
- • Total revenue rose 3.8% year over year, AFFO grew 4.4%, Adjusted EBITDA increased 6.2%
GLPI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
GLPI Revenue by Segment
With YoY comparisons, source: SEC Filings
“The second quarter marked another quarter of record revenue, AFFO and Adjusted EBITDA. On an operating basis, second quarter total revenue rose 3.8% year over year to $394.9 million, AFFO grew 4.4% to $276.1 million and Adjusted EBITDA increased 6.2%. Our solid second quarter results reflect GLPI's recent acquisitions and financing arrangements, contractual escalators and percentage rent adjustments, and our growing base of leading regional gaming operator tenants.”
— Peter Carlino, Q2 2025 Earnings Press Release
GLPI Earnings Trends
GLPI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GLPI EPS Trend
Earnings per share: estimate vs actual
GLPI Revenue Trend
Quarterly revenue: estimate vs actual
GLPI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.82 | — | $420.0M | +0.71% |
| Q4 25 BEAT FY | $0.74 | $0.94 | +27.03% | $407.0M | +0.41% |
| FY Full Year | $2.79 | $2.95 | +5.69% | $1.59B | +0.10% |
| Q3 25 BEAT | $0.77 | $0.85 | +11.11% | $397.6M | -0.45% |
| Q2 25 MISS | $0.78 | $0.54 | -30.99% | $394.9M | -0.57% |
| Q1 25 MISS | $0.77 | $0.60 | -21.57% | $395.2M | -0.32% |