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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.

RevenueGraph

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

This likewise drove Everi’s full-year total to new heights, which rose 72% year-on-year to $660.4m, beating 2019’s prior record-breaking revenue by 24%, or $127.2m.

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

Net income for the fourth quarter similarly climbed to an all-time high, amounting to $89.4m, as did Everi’s full year net income, which rose to $152.9m, a significant improvement over 2020’s net loss of $81.7m — and $136.4m higher than 2019’s sum.

“Our record fourth quarter 2021 results capped a year in which we delivered record-setting annual financial performance across our business,” said Michael Rumbolz, Everi’s CEO.

“Driven by significant successes in both our games and fintech segments, we achieved new all-time full-year records for revenue, net income, adjusted EBITDA and free cash flow.

“This performance reflects our strategic focus on growing our recurring revenue and our continued investment in the development of new and enhanced products that help our customers grow revenue and manage their business more effectively.”

Randy Taylor, Everi’s President and Chief Operating Officer, added: “Our fourth quarter financial results reflect the successful alignment and execution of our operating initiatives.

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


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