PlayAGS Q2 2021 Earnings Report
Key Takeaways
AGS reported record gaming operations revenue of $55.0 million and a total Adjusted EBITDA of $32.1 million. The company's domestic EGM revenue per day reached a new record of $33.11. They are focused on delivering consistent financial performance and strengthening shareholder value.
Gaming operations, or recurring revenue, reached a record $55.0 million versus $10.2 million in Q2 2020 and $53.6 million in Q2 2019.
Total Adjusted EBITDA was $32.1 million compared to a $1.2 million Adjusted EBITDA loss in Q2 2020 and positive $35.7 million in Q2 2019.
Total Adjusted EBITDA margin improved to 48.0% in the second quarter of 2021 compared to negative 6.9% in Q2 2020.
Domestic EGM revenue per day of $33.11, a new Company record, increased 26.6% versus the $26.16 achieved in Q2 2019.
PlayAGS
PlayAGS
Forward Guidance
Looking ahead, their improved execution and accelerating product momentum across all three of their business segments position them to deliver additional growth and share taking in the coming quarters.