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Jun 30, 2020
Accel Entertainment Q2 2020 Earnings Report
Accel Entertainment reported strong Q2 2023 earnings driven by growth in video gaming revenue and strategic acquisitions.
Key Takeaways
Accel Entertainment reported a revenue increase of 11% to $346 million in Q2 2023. Net income increased to $14 million. The company continues to expand its footprint through strategic acquisitions and organic growth.
Revenue increased by 11% year-over-year to $346 million.
Net income increased to $14 million.
Adjusted EBITDA grew to $63 million.
The company continues to expand its footprint through strategic acquisitions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Accel Entertainment anticipates continued growth in revenue and adjusted EBITDA for the remainder of 2023, driven by expansion in existing markets and strategic acquisitions.
Positive Outlook
- Continued expansion in existing markets.
- Strategic acquisitions expected to contribute to revenue growth.
- Focus on operational efficiency to improve profitability.
- Strong performance in video gaming segment.
- Positive trends in amusement segment.
Challenges Ahead
- Potential regulatory changes in key markets.
- Increased competition in the video gaming industry.
- Economic downturn could impact consumer spending.
- Integration risks associated with acquisitions.
- Uncertainty related to the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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