Accel Entertainment ( (ACEL) ) has released its Q2 earnings. Here is a breakdown of the information Accel Entertainment presented to its investors.
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Accel Entertainment, Inc., a leading terminal operator in the United States, provides gaming solutions to various non-casino locations and operates a racino venue. The company recently reported its second-quarter financial results, showcasing a record quarterly revenue of $335.9 million, marking an 8.6% increase from the previous year. Despite this revenue growth, net income saw a significant decrease of 50.2%, attributed to changes in the fair value of contingent earnout shares. Key highlights include an increase in gaming terminals and locations, with notable expansion in new markets such as Louisiana and Georgia. Adjusted EBITDA also reached a record high of $53.2 million, reflecting a 7.1% growth year-over-year. Accel’s strategic focus on expanding its market presence and improving operational results in both core and emerging markets has been a driving force behind its financial performance. Looking ahead, the company remains optimistic about leveraging its market position and expansion efforts to deliver sustained growth and value to shareholders.