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Sep 30, 2019
Accel Entertainment Q3 2019 Earnings Report
Accel Entertainment reported strong Q3 2019 earnings driven by growth in video gaming terminal operations and strategic acquisitions.
Key Takeaways
Accel Entertainment reported a strong Q3 2019, marked by increased revenue and net income compared to the previous year. The company's performance was driven by growth in its video gaming terminal operations and strategic acquisitions, expanding its footprint and market presence.
Revenue increased to $86.4 million, up 16% year-over-year.
Net income rose to $7.4 million, compared to $6.3 million in the same period last year.
Adjusted EBITDA increased 14% to $24.9 million.
The company expanded its footprint through strategic acquisitions and organic growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Accel Entertainment anticipates continued growth driven by expansion in existing markets, strategic acquisitions, and the ongoing demand for video gaming.
Positive Outlook
- Continued expansion in existing markets.
- Strategic acquisitions to expand footprint.
- Strong demand for video gaming.
- Focus on operational efficiency.
- Growing network of locations.
Challenges Ahead
- Increased competition in the gaming market.
- Potential regulatory changes affecting operations.
- Economic downturn impacting consumer spending.
- Integration challenges with acquired businesses.
- Fluctuations in gaming win rates.
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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