Everi Holdings reports record-breaking 660 4m in revenue for 2021

Everi Holdings has published its fourth quarter and full year 2021 financial results, reporting a 51% rise in revenue for Q4

Everi Holdings has published its quaternary canton and total year 2021 financial results, reporting a 51% climb up inwards revenue for Q4.

The Las Vegas-based provider capped off last twelvemonth inward style, posting a record book $180.4m in quarterly revenue, up from Q4 2020’s $119.6m.

This likewise horde Everi’s full-year tot to new heights, which rosebush 72% year-on-year to $660.4m, thrashing 2019’s prior record-breaking revenue by 24%, or $127.2m.

Adjusted EBITDA, meanwhile, increased 45% to $88.8m for Q4 and past 97% to $347.2m for 2021 as a whole, both young records.

Net income for the 4th billet similarly climbed to an all-time high, amounting to $89.4m, as did Everi’s full yr net income, which rosiness to $152.9m, a substantial betterment o'er 2020’s network red ink of $81.7m — and $136.4m higher than 2019’s sum.

“Our record book fourth billet 2021 results capped a yr in which we delivered record-setting yearly financial execution crossways our business,” said Michael Rumbolz, Everi’s CEO.

“Driven past significant successes in both our games and fintech segments, we achieved young all-time full-year records for revenue, mesh income, familiarised Earnings Before Interest Taxes Depreciation and Amortization and free people hard cash flow.

“This performance reflects our strategic focusing on growing our recurring revenue and our continued investment inward the evolution of new and enhanced products that assist our customers get revenue and manage their business sector to a greater extent effectively.”

Randy Taylor, Everi’s President and Chief Operating Officer, added: “Our quaternary billet financial results reverberate the successful alignment and execution of instrument of our operating initiatives.

“Despite a year that began with substantive pandemic impacts, our games stage business achieved book gaming simple machine social unit sales and ended the yr with a record-high gaming operations installed base.”