Accel Entertainment posts $323.9m in Q1 2025 revenue
The company reported significant growth during the quarter.
Key Points
- Net income nearly doubled year-over-year
- Adjusted EBITDA and revenue during the quarter reflected growth as well
Accel Entertainment has published its financial and operating results for the first quarter of 2025.
The company posted $323.9m in Q1 2025 revenue, reflecting a 7.3% increase when compared to results reporting during last year’s first quarter.
Accel reported $14.6m in net income during the quarter, a year-over-year increase of 97%.
Adjusted EBITDA reached $49.5m, up 7.1% when compared to results from one year ago.
Company CEO Andy Rubenstein took a moment to discuss Accel’s quarterly results by saying, “Our operating and financial momentum continues in 2025. In the first quarter, we generated our highest quarterly revenue since going public and strong adjusted EBITDA as we expanded the number of locations we serve and increased the number of gaming terminals.
“We continue to execute on our near- and long-term growth plans to improve our core operations and expand into complimentary markets, including Fairmount, to leverage our operating disciplines. These initiatives are already benefiting our operating performance, and we expect our expansion efforts will allow Accel to maintain attractive low-teens returns on capital, generate growing free cash flow, and ultimately improve our trading multiples to enhance shareholder value.”
The company kicked off its casino and racing operations at Fairmount Park Casino & Racing last month.
Rubenstein commented, “In April, we opened Phase I of our casino and commenced horse racing operations at Fairmount Park Casino & Racing, which has already garnered solid customer visitation and play.
“This past Saturday, we hosted Fairmount Park’s ‘Derby Day at the Track.’ Despite the inclement weather forcing us to cancel races at our Derby Day, we still had a fantastic turnout that drove very strong play at the casino, demonstrating the value of our acquisition. We remain confident that Fairmount will be another meaningful growth driver for Accel.”
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