The amount means Everi has hit an all-time quarterly high, after it posted $168.3m in revenue for the same period last year. Meanwhile, its adjusted EBITDA also saw a record quarter, recording $96.6m and beating Q3 2021’s $90.6m by 7%.
Overall, Everi will be pleased with the quarter, as it seems to have bucked the trend that has seen many show drops in revenue. Meanwhile, the markets have reacted well to the news, as Everi is currently trading 3% higher than it was in the previous 24 hours.
Reflecting on the report, Randy Taylor, Everi CEO, said: "The third quarter year-over-year increases in revenues, net income and adjusted EBITDA and our consistent improvement in our financial results throughout 2022 reflect the operating momentum across each of our businesses due to the continued broad-based demand for our products.
“Our strong financial results this year have been driven by steady growth in our recurring revenue streams together with a record level of revenues from gaming machine and FinTech hardware sales.
"Our focus on top-line growth and operational excellence is delivering consistent year-over-year earnings growth and strong Free Cash Flow generation.
At the time, Taylor said: "Our strong operating momentum continued in the second quarter, as we delivered all-time quarterly record revenues, income before income tax, adjusted EBITDA and free cash flow."
