Everi enjoys continued profit growth in Q2 2021
| By Marese O'Hagan
Casino and financial technology company Everi expects a rise of 344.4% in revenue year-on-year in its second quarter of 2021, as the business saw improvements from the effects of the novel coronavirus (Covid-19) pandemic.
Though the quarter ended 30 June is still ongoing, the provider expects revenue to fall between $167m and $172m, a significant rise from $139.1m in the first quarter of 2021 and $38.7 in the second quarter of 2020, when the business was impacted by the Covid-19 pandemic.
Overall expected operating income amounts to between $50.6m and $54.8m. This is set to be a major increase compared to the second quarter of 2020, where operating the business made an operating loss of $52.7m.