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Accel Entertainment Q1 2025 Earnings Report
Accel Entertainment reported record first quarter revenue and strong operating results for the period ended March 31, 2025.
Key Takeaways
Accel Entertainment achieved record revenues and strong Adjusted EBITDA in Q1 2025, driven by an increase in locations and gaming terminals. The company also commenced casino and racing operations at Fairmount Park, which is expected to be a significant growth driver.
Record revenues of $323.9 million in Q1 '25, up 7.3% from Q1 '24.
Net income increased by 97.0% to $14.6 million in Q1 '25.
Adjusted EBITDA grew by 7.1% to $49.5 million in Q1 '25.
Total locations increased to 4,391 and gaming terminals to 27,180.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Accel Entertainment expects continued operating and financial momentum, driven by expansion into new markets and improved core operations. The company anticipates maintaining attractive returns on capital and generating growing free cash flow.
Positive Outlook
- Continued operating and financial momentum in 2025.
- Expansion into new jurisdictions and casino operations, including Fairmount Park.
- Ability to offer new and innovative products and services to location partners.
- Leveraging operating disciplines to improve core operations.
- Maintaining attractive low-teens returns on capital and generating growing free cash flow.
Challenges Ahead
- Unfavorable macroeconomic conditions or decreased discretionary spending.
- Interest rate volatility, persistent inflation, increased or retaliatory tariffs.
- Actual or perceived instability in the U.S. and global banking systems.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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