Accel Entertainment beats Q2 revenue estimates
Overview
Accel Entertainment Q2 2025 revenue grows 8.6% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 2025 reaches record, surpassing analyst estimates
Net income declines 50.2% yr/yr due to contingent earnout shares loss
Outlook
Company confident in growth from recent acquisitions in new markets
Accel sees improving profitability in developing markets like Nebraska and Georgia
Result Drivers
EXPANSION STRATEGY - Record revenue growth attributed to disciplined expansion and improved results in new and acquired locations, per CEO Andy Rubenstein
CORE MARKETS - Continued leverage of market-leading position in Illinois and Montana driving economies of scale
DEVELOPING MARKETS - Profitability improvements in Nebraska, Georgia, and Nevada contributing to overall growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $335.91 mln | $332.50 mln (3 Analysts) |
Q2 Adjusted Net Income | Beat | $22.49 mln | $19.50 mln (3 Analysts) |
Q2 Net Income | $7.26 mln | ||
Q2 Adjusted EBITDA | Beat | $53.18 mln | $52.70 mln (3 Analysts) |
Q2 Operating income | $26.87 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Accel Entertainment Inc is $16.00, about 23% above its August 4 closing price of $12.32
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release:
