Loading...
•
Dec 31, 2021
Accel Entertainment Q4 2021 Earnings Report
Accel Entertainment reported an increase in revenue and net income for Q4 2021, driven by growth in video gaming terminal operations.
Key Takeaways
Accel Entertainment reported a strong Q4 2021, with revenue increasing to $212.1 million and net income reaching $11.5 million. The company benefited from continued growth in its video gaming terminal operations and effective cost management.
Q4 revenue increased to $212.1 million, up from $163.5 million in the prior year.
Net income for Q4 was $11.5 million, compared to a net loss of $1.7 million in the prior year.
Adjusted EBITDA for Q4 increased to $34.4 million, up from $27.4 million in the prior year.
The company expanded its footprint, adding new locations and terminals during the quarter.
Forward Guidance
Accel Entertainment anticipates continued growth in 2022, driven by expansion in existing markets and entry into new jurisdictions. The company expects to benefit from increased consumer spending and the ongoing recovery of the entertainment industry.
Positive Outlook
- Continued expansion in existing markets
- Potential entry into new jurisdictions
- Increased consumer spending
- Ongoing recovery of the entertainment industry
- Strategic acquisitions and partnerships
Challenges Ahead
- Increased competition
- Changes in regulations
- Economic downturn
- Supply chain disruptions
- Labor shortages
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...