Accel ENT | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 329.69 M

Revenue: As of FY2025 Q3, the actual value is USD 329.69 M, beating the estimate of USD 327.96 M.

EPS: As of FY2025 Q3, the actual value is USD 0.16, beating the estimate of USD 0.1384.

EBIT: As of FY2025 Q3, the actual value is USD 33.98 M.

Financial Metrics by Segment

Segment Revenue

• Net Gaming Revenue: $308.5 million for the three months ended September 30, 2025, compared to $289.9 million for the same period in 2024. For the nine months ended September 30, 2025, net gaming revenue was $924.4 million compared to $871.3 million in 2024.
• Amusement Revenue: $5.0 million for the three months ended September 30, 2025, compared to $5.1 million for the same period in 2024. For the nine months ended September 30, 2025, amusement revenue was $16.4 million compared to $16.8 million in 2024.
• Manufacturing Revenue: $1.7 million for the three months ended September 30, 2025, compared to $1.7 million for the same period in 2024. For the nine months ended September 30, 2025, manufacturing revenue was $7.3 million compared to $9.1 million in 2024.
• ATM Fees and Other Revenue: $14.6 million for the three months ended September 30, 2025, compared to $5.5 million for the same period in 2024. For the nine months ended September 30, 2025, ATM fees and other revenue was $41.5 million compared to $16.3 million in 2024.

Operational Metrics

• Net Income: $13.3 million for the three months ended September 30, 2025, compared to $4.9 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $35.2 million compared to $26.9 million in 2024.
• Operating Income: $25.4 million for the three months ended September 30, 2025, compared to $21.8 million for the same period in 2024. For the nine months ended September 30, 2025, operating income was $78.2 million compared to $70.1 million in 2024.
• Operating Expenses: $304.3 million for the three months ended September 30, 2025, compared to $280.4 million for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $911.3 million compared to $843.4 million in 2024.
• Interest Expense, Net: $8.6 million for the three months ended September 30, 2025, compared to $9.2 million for the same period in 2024. For the nine months ended September 30, 2025, interest expense was $26.1 million compared to $26.7 million in 2024.

Cash Flow

• Operating Cash Flow: $119.8 million for the nine months ended September 30, 2025, compared to $107.7 million for the same period in 2024.
• Free Cash Flow: Not explicitly stated, but net cash used in investing activities was $80.7 million for the nine months ended September 30, 2025, compared to $90.2 million for the same period in 2024.

Unique Metrics

• Location Hold-Per-Day: For Illinois, $876 for the three months ended September 30, 2025, compared to $839 for the same period in 2024. For Montana, $621 for the three months ended September 30, 2025, compared to $613 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue expanding its distributed gaming operations and enhancing its casino and racing operations, particularly with the recent acquisition and opening of Fairmount Park - Casino & Racing.
• Non-Core Business: The company is exploring additional opportunities that are complementary to its core business, such as acquisitions in new markets and investments in technology to improve operational efficiency.