Everi returns to profit as revenue reaches record $139.1m in first quarter

| By Robert Fletcher
Gaming and financial technology business Everi Holdings said record revenue of $139.1m (£100.1m/€115.7m) in the first quarter of its financial year helped it return to profit during the period.

Consolidated revenue for the three months to March 31 was 33.0% up from $113.3m in the first quarter of last year, during which Everi was heavily impacted by the novel coronavirus (Covid-19).

For longer-term reference, Everi also provided comparisons between Q1 of the current year and in 2019, before the pandemic. Revenue was up 12.4% from $123.8m in Q1 of 2019.

Gaming revenue in Q1 of this year amounted to $76.1m, which was up 32.1% year-on-year. Gaming operations accounted for $58.1m of overall gaming revenue, a record for the sub-segment, with $2.4m attributed to digital.

The other $18.0m in gaming revenue came from gaming equipment and systems, with Everi having sold 943 units during the opening quarter of the year.

Revenue from the financial technology solutions segment reached $63.0m, up 12.5% from $56.0m in Q1 of last year. Breaking this down, $38.7m was attributed to financial access services, $17.7m to software and other sources, and $7.0m from hardware.

Read the full story on iGB North America.

  • Regions:
  • US

Subscribe to the iGaming newsletter