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Jun 30, 2021
Accel Entertainment Q2 2021 Earnings Report
Accel Entertainment's revenue increased significantly, driven by growth in video gaming terminals and strategic acquisitions.
Key Takeaways
Accel Entertainment reported a strong second quarter, with significant revenue growth driven by increased video gaming terminal operations and strategic acquisitions. The company's financial performance reflects its continued expansion and market leadership in the distributed gaming industry.
Revenue increased to $84.7 million compared to $39.9 million in the prior year.
Net income increased to $7.1 million compared to $0.3 million in the prior year.
Adjusted EBITDA increased to $34.4 million compared to $16.7 million in the prior year.
The company continues to expand its footprint through strategic acquisitions and organic growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Accel Entertainment anticipates continued growth and expansion in the distributed gaming market. The company expects to benefit from strategic acquisitions, organic growth, and favorable market conditions.
Positive Outlook
- Continued expansion in existing markets.
- Potential entry into new geographic markets.
- Innovation in gaming technology and offerings.
- Favorable regulatory developments.
- Strong consumer demand for distributed gaming.
Challenges Ahead
- Increased competition in the distributed gaming market.
- Potential regulatory changes that could impact operations.
- Economic downturn affecting consumer spending.
- Integration challenges with acquired businesses.
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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