PlayAGS cuts net loss as revenue climbs 36.5% in Q3
| By Robert Fletcher
Gaming machine provider PlayAGS reported a reduced net loss for the third quarter of its 2021 financial year after it experienced a 36.5% year-on-year increase in revenue.
Total revenue for the three months to 30 September amounted to $67.3m (£50.0m/€58.3m), up from $49.3m in the corresponding period of 2020.
Gaming operations accounted for $53.2m of overall revenue in Q3, up 46.6% on last year, while equipment sales revenue also increased by 7.7% year-on-year, to $14.0m.
Breaking revenue down by type of game, electronic gaming machines (EGM) remained by far the primary source of revenue for the provider, with revenue here climbing 36.6% to $61.6m. Within the EGM segment, EGM gaming operations revenue was 48.2% higher at $47.7m while EGM equipment sales revenue edged up 7.8% to $13.9m.