Accel Entertainment's Q4 2020 revenue decreased compared to the previous year, but the company achieved a higher EPS than anticipated. The company focused on cost management and operational efficiencies during the quarter.
Revenue decreased by 13.8% to $64.2 million compared to Q4 2019.
Net income increased to $4.4 million, or $0.05 per diluted share.
Adjusted EBITDA decreased 1.1% to $20.9 million.
The company ended the year with $138.4 million in cash and cash equivalents.
Accel Entertainment provided guidance for 2021, anticipating continued recovery and growth in the video gaming market. The company expects to benefit from increased consumer spending and the expansion of its footprint.
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