Everi Holdings reports record $31.5m in Q1 net income

Everi Holdings has reported $175.6m in first quarter revenue for a healthy start to 2022. All-in-all, Everi’s top-line revenue increased by 26% year-on-year, up from approximately $139m, led by a 23% rise in high-margin recurring revenue streams. This latter area generated $134.4m, a new quarterly record. Everi’s healthy first quarter revenue growth contributed to similarly strong Adjusted EBITDA. For Q1, this came to $89.6m, an alm...