Revenue and profitability overview: Revenue for QQ4 2024 was $231.844 million, up 289.4% YoY and up 2.66% QoQ. Gross profit was $222.064 million, yielding a gross margin of 95.78% (grossProfitMargin). Operating income was $128.619 million, with an operating margin of 33.08%. Net income was a loss of $412.848 million, with a net income margin of -178.07%. Earnings per share (diluted) stood at -$0.69, reflecting the same negative bottom-line trend despite strong gross profitability. EBITDA reported as $2.099 billion, with an EBITDAR ratio of ~9.05x, suggesting substantial non-cash or non-operating contributions to EBITDA, though the company also reported significant non-operating expense. The period also featured a heavy totalOtherIncomeExpensesNet of approximately -$531.378 million and interest expense of around -$214.9 million, driving the pre-tax result to about -$402.759 million and contributing to the net loss.
Cash flow and liquidity: Net cash provided by operating activities was $76.687 million. Capital expenditures were $195.488 million, resulting in free cash flow of $76.687 million for QQ4 2024. Net change in cash was $55.426 million, ending cash and cash equivalents at $332.335 million, with total cash at period end reported as $335.173 million. The balance sheet shows total assets of $14.2946 billion and total liabilities of $9.4608 billion, yielding total stockholders’ equity of $4.8327 billion. Net debt stood at $8.5963 billion, with a long-term debt load of $7.7857 billion and a total debt figure of $8.9286 billion, indicating meaningful leverage.
Balance sheet health and leverage: Intangible assets are substantial at $11.2598 billion, contributing to a large asset base with equity of $4.833 billion and a debt-to-capitalization ratio of approximately 0.649. The company’s current liquidity profile is supported by cash balances, but the heavy intangible asset base and high absolute debt levels remain key considerations for solvency and refinancing risk in a rising-rate environment. Valuation metrics show price-to-book around 0.485x and price-to-sales around 10.10x, with a negative trailing P/E due to the reported net loss. Dividend yield is indicated at ~2.06%, but payout appears inconsistent with earnings, reflected by a negative payout ratio in the indicator data.
Notes on sources and comparability: All figures are USD and based on QQ4 2024 results and the accompanying quarterly data set. The earnings transcript is listed as empty, limiting management-quote insights from the conference call. Four-quarters data show a mix of quarter-to-quarter variability, with Q4’24 revenue lower than Q2’24 and Q1’24, suggesting portfolio execution and seasonal effects across the year. || YoY and QoQ comparisons are drawn from the provided incomeMetrics, which report Revenue YoY 289.4%, Gross Profit YoY 276.7%, Operating Income YoY 155.2%, Net Income YoY 37.8%, and EPS YoY 37.8%.