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