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Accel Entertainment Announces Q3 2024 Operating Results

Accel Entertainment, Inc. (ACEL) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Accel Entertainment, Inc. (NYSE: ACEL) today announced certain financial and operating results for the third quarter ended September 30, 2024.Highlights:Ended Q3 2024 with 4,014 locations; an increase of 2.8% compared to Q3 2023Ended Q3 2024 with 25,729 gaming terminals; an increase of 4.1% compared to Q3 2023Record revenues of $302.2 million for Q3 2024; an increase of 5.1% compared to Q3 2023Net income of $4.9 million for Q3 2024; a decrease of 53.2% compared to Q3 2023 partially attributable to a higher loss on the change in fair value of the contingent earnout sharesAdjusted EBITDA of $45.9 million for Q3 2024; an increase of 3.9% compared to Q3 2023Q3 2024 ended with $289 million of net debt; an increase of 2.4% compared to Q3 2023Repurchased approximately $6.2 million of Accel Class A-1 common stock in Q3 2024Acquisition of a distributed gaming operator in the state of Louisiana expected to close in Q4 2024Acquisition of the FanDuel Sportsbook & Hor Show less Read more
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