Accel Entertainment Inc (NYSE:ACEL)

Q4 2025 Accel Entertainment Inc Earnings Call Transcript

Mar 3, 2026 / 10:00 PM GMT

Release Date Price: $11.07 (-0.09%)

Transcript 10-K8-K

Key Points

Positve

Accel Entertainment Inc (ACEL) achieved record financial results in Q4 2025, with total revenue increasing 7.5% year over year to $341 million and adjusted EBITDA growing 19% to $56 million.
The company ended the year with over $1.3 billion in revenue and adjusted EBITDA of $210 million, demonstrating the resilience of its distributed gaming model and successful acquisitions.
Accel Entertainment Inc (ACEL) is well-positioned to capitalize on new growth opportunities in Chicago, with the city estimating 2,500 new locations for video gaming terminals.
The company has successfully expanded its terminal count in Nevada by 13% year over year, supported by strategic route expansions.
Accel Entertainment Inc (ACEL) repurchased approximately 3.8 million shares of common stock during 2025, reflecting its commitment to shareholder returns.

Negative

The rollout of video gaming terminals in Chicago is still subject to procedural and regulatory developments, which could delay revenue generation in this market.
The company faces challenges in optimizing its Illinois route, with a continuous process of improving and reallocating assets to higher-performing locations.
The integration of new acquisitions and expansions, such as in Louisiana and Nevada, requires significant operational alignment and investment.
The adoption of ticket-in-ticket-out (TITO) technology is still in early stages, with only 81% of locations fully enabled, impacting operational efficiency.
The company anticipates potential logistical challenges and increased costs in servicing the dense Chicago market, which could affect margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACEL.N - Accel Entertainment Inc
Q4 2025 Accel Entertainment Inc Earnings Call
Mar 03, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon.

Thank you for attending the Excel Entertainment 4th quarter 2025 earnings call.

I would now like to pass the conference over to your host Scott Levin.

You may proceed.

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Unidentified_2 [2]
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Welcome to Excel Entertainment's 2025, 4th quarter and full year earnings call.

Participating on the call today are Andy Rubenstein, Excel's Chief Executive Officer.

Mark Plan, Excel's Chief Operating Officer and President of US Gaming, and Brett Summerer, Excel's Chief Financial Officer.

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