Everi Holdings achieved record revenues in the 2019 calendar year, due to growth across its games, FinTech and play loyalty businesses.
Said revenue rose 14 percent to $533.2 million. The result also brought net income to increase 33 percent year-on-year, reaching $16.5 million.
Michael Rumbolz, President and Chief Executive Officer of Everi, said the strong 2019 operating results reflect the continued successful execution of their strategic initiatives that are driving ongoing momentum across the Company.
Adjusted EBITDA increased 10 percent to a record $253.2 million
Everi posted a record level of unit sales in its games business, and a record year-end installed base and a 15 percent improvement in full-year daily win per unit.
Everi’s FinTech business also delivered consistent year-on-year growth in cash access services transactions and revenue, equipment sales and information and compliance product-related revenue in 2019.
It also saw growth in its player loyalty products and services market.
Looking ahead, Everi Holdings said it expects broad-based revenue growth across the company’s operations, including increases in DWPU and the installed base, unit sales, cash access service revenue, sales of fully integrated kiosks and other Fintech equipment, information services, and other revenue, and growth in the player loyalty business.
Adjusted EBITDA is expected to increase to a range of $272 million to $282 million.
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