Paradise Entertainment Full Year 2024 Earnings: Beats Expectations

Paradise Entertainment (HKG:1180) Full Year 2024 Results

Key Financial Results

• Revenue: HK$1.08b (up 71% from FY 2023).
• Net income: HK$361.1m (up 449% from FY 2023).
• Profit margin: 33% (up from 10% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: HK$0.34 (up from HK$0.063 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Paradise Entertainment Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 39%.

The primary driver behind last 12 months revenue was the Casino Management Services segment contributing a total revenue of HK$718.3m (66% of total revenue). The largest operating expense was General & Administrative costs, amounting to HK$180.6m (57% of total expenses). Explore how 1180's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are down 7.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Paradise Entertainment that you should be aware of.

If you're looking to trade Paradise Entertainment, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.

With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.

Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.

Sponsored Content

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks


Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.