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Dec 31, 2022
PlayAGS Q4 2022 Earnings Report
PlayAGS reported record fourth quarter results driven by returns on investments in R&D, sales, and product management teams.
Key Takeaways
PlayAGS, Inc. reported record-setting fourth quarter results, reflecting returns on investments in R&D, sales, and product management. The company's gaming operations revenue increased, and total Adjusted EBITDA reached a record $37.3 million.
Gaming operations, or recurring revenue, increased 8% year-over-year, topping $57 million.
Domestic EGM recurring revenue grew to a record $46.8 million, up 8% year-over-year.
Table Products recurring revenue increased by approximately 19% year-over-year to $3.7 million.
Total Adjusted EBITDA increased approximately 16% year-over-year to a record $37.3 million.
Revenue by Segment
Forward Guidance
The Company expects to incur full year capital expenditures of $65 million to $70 million, inclusive of anticipated capitalized R&D expenditures. They also expect to exit 2023 with net leverage in the range of 3.25 times to 3.75 times.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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