Digital casino products and player loyalty solutions provider Everi Holdings Inc has tightened its guidance for 2021, with the company estimating it will record net income of between US$90 million and US$95 million and Adjusted EBITDA of between US$337 million and US$342 million.
The revised outlook, announced at an investor presentation timed to coincide with the return of G2E in Las Vegas this week, comes in at the top of a wider range previously announced by Everi after it produced record revenue, income and EBITDA in the June quarter.
Everi said the updated guidance demonstrates meaningful ongoing annual growth compared to 2020 and pre-pandemic 2019 results, even as the current COVID-19 pandemic environment persists.
“Everi’s focus on providing casino operators and players with innovative products as a result of our ongoing investment in the development of new products is a key driver of our growth,” explained Everi Chairman and CEO, Michael Rumbolz.
“As we execute on our plans that lead to the expected record setting financial results for 2021, we are also establishing an even stronger foundation for continued growth in 2022 and beyond.”
Everi’s record Q2 results, announced in August, included revenue of US$172.6 million, up 33% on the second quarter of 2019, income of US$36.2 million which was 560% higher than 2Q19 and Adjusted EBITDA of US$92.5 million, up 44%.
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