- Accel Entertainment Inc. (ACEL, Financial) achieves record revenue of $323.9 million for Q1 2025, a 7.3% increase year-over-year.
- The company reported a net income of $14.6 million, reflecting a 97.0% rise from the previous year.
- Accel expands operations, adding new locations and gaming terminals, enhancing its growth trajectory.
Accel Entertainment Inc. (ACEL), a leading operator in the distributed gaming industry, reported significantly strong financial results for the first quarter ending March 31, 2025. The company achieved record revenue of $323.9 million, marking a 7.3% increase compared to Q1 2024. This growth was attributed to the expansion of their operations across numerous states and the strategic addition of new gaming terminals and locations.
The company's net income for Q1 2025 soared by 97.0% year-over-year, reaching $14.6 million. Meanwhile, Accel's adjusted EBITDA saw a 7.1% increase, totaling $49.5 million for the quarter. As of the end of March, Accel operated 4,391 locations, up 2.9% from the previous year, with a total of 27,180 gaming terminals, marking a 4.4% increase.
In terms of geographic performance, Illinois was the leading contributor to revenues, generating $233.5 million, followed by Montana, which saw a notable 7.9% increase in revenues. Expansion into other states, including Louisiana and Georgia, further bolstered the company's financial results.
Accel's strategic initiatives also included the opening of its first phase of casino and racing operations at Fairmount Park Casino & Racing in April 2025. Despite weather challenges during its "Derby Day," the launch saw impressive customer turnout and casino play, underscoring the potential of this new venture to drive further growth.
CEO Andy Rubenstein expressed optimism about the company's continued expansion and operational enhancements, stating that these efforts are expected to sustain attractive returns on capital and shareholder value. In Q1 2025, Accel repurchased 1 million shares of its Class A-1 common stock for approximately $10.2 million, further reflecting its commitment to enhancing shareholder value.
