Everi Reports 2019 Second Quarter Results
LAS VEGAS (August 6, 2019) – Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”) today
reported record financial results for the second quarter ended June 30, 2019.
“Our focus on product innovation across both Games and FinTech, a commitment to excellence in customer service, and our continued prudent scal management once again helped drive record quarterly operating results,” said Everi President and CEO, Michael Rumbolz. “We generated our twelfth consecutive quarter of year over year revenue and Adjusted EBITDA growth, and our sixth consecutive quarter of positive net income. Revenue was up 9.3% to a record $129.7 million, net income increased 267% to $5.5 million, and Adjusted EBITDA rose 7.7% to a record $64.1 million. This growth was achieved across the business as the Games and FinTech businesses each had record revenues and Adjusted EBITDA. Free Cash Flow continues to grow as we generated $7.0 million in the
quarter and $28.2 million for the rst half of 2019, which is up $21.8 million compared to the rst half of 2018. We repaid $15.7 million on our Term Loan during the second quarter and we expect to continue to utilize Free Cash Flow to reduce debt.”
To read the full press release, click here.