VICI Properties (VICI) Revenue — Quarter Ended Sep 30, 2025
Revenue for the quarter increased modestly compared to the preceding quarter and rose compared to the same quarter a year ago. The sequential improvement was slight, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter increased modestly compared to the preceding quarter and rose compared to the same quarter a year ago. The sequential improvement was slight, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+4.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $976.1M | +4.7% |
| Mar 31, 2025 | $984.2M | +3.4% |
| Jun 30, 2025 | $1B | +4.6% |
| Sep 30, 2025 | $1B | +4.4% |
Revenue performance
The reported revenue moved higher on both a sequential and year-over-year basis, with the year-over-year increase being noticeably larger.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged up slightly. Relative to the same quarter one year earlier, revenue showed a solid increase.
What to watch
Given the modest sequential growth, monitor whether the pace of quarter-over-quarter expansion accelerates or decelerates in upcoming periods.