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Mar 31, 2022
PlayAGS Q1 2022 Earnings Report
Operating momentum established in 2021 continued, with accelerating returns on investments.
Key Takeaways
PlayAGS reported solid first-quarter performance with recurring revenue accounting for approximately 73% of consolidated revenue. Total Adjusted EBITDA increased year-over-year within all three operating segments, and the company remains confident in achieving its year-end 2022 net leverage target.
Gaming operations, or recurring revenue, increased to $53.2 million.
Consolidated EGM unit sales growth of approximately 230% year-over-year.
Total Adjusted EBITDA was $32.8 million compared to $26.3 million in Q1 2021.
Domestic EGM revenue per day ("RPD") of $30.79 increased approximately 14% year-over-year and exceeded $30 for the fourth consecutive quarter.
Forward Guidance
AGS is confident in its ability to deliver upon its year end 2022 net leverage target of less than 4.0x.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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