Everi Q1 revenue down 5.6% to $189.3M; net income falls to $4.6M; guidance reduced

Everi Holdings Inc.

2024-Q1 EPS reported $0.05 revenue$189,346,000

Q1 revenue $189.3M vs $200.5M YoY; net income $4.6M ($0.05 diluted EPS) vs $28.1M ($0.30).
Adjusted EBITDA $80.3M vs $92.5M YoY; $15.7M in merger-related costs hit earnings.
Games installed base fell to 16,917 units; daily win per unit $34.51 vs $38.37 a year ago.
FY2024 Adjusted EBITDA expected to decline from 2023; FinTech flat in Q2, H2 growth anticipated.
Proposed merger with IGT Global Gaming & PlayDigital expected to close late 2024 or early 2025.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Everi Holdings Inc. reported the three months ended March 31, 2024 results: revenue $189.3 million, net income $4.6 million, EPS $0.05.

Period: the three months ended March 31, 2024
Revenue: $189.3 million
Net income: $4.6 million
EPS: $0.05
Result: reported results

Exact text from the filing

half of 2024 and position the Company for long-term success." 1 First Quarter 2024 Financial Results Consolidated revenues for the three-month period ended March 31, 2024 were $189.3 million compared to $200.5 million in the year-ago first quarter. Games revenues of $97.1 million were down from the prior year period, and essentially flat on a quarterly sequential

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Source: SEC EDGAR

accession 0001318568-24-000077

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