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Everi (EVRI) investor relations material
Everi Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total revenues for Q1 2025 were $181.3M, down 4% year-over-year, driven by a 12% decline in Games segment revenues, partially offset by a 4% increase in FinTech revenues.
Net income for Q1 2025 was $3.9M, compared to $4.6M in Q1 2024, reflecting lower operating income and higher depreciation and amortization.
A proposed all-cash merger with IGT Gaming was announced, under which Everi shareholders will receive $14.25 per share and Everi will be taken private.
Financial highlights
Games revenues fell to $85.7M (down 12%), mainly due to lower daily win per unit and a smaller installed base; FinTech revenues rose to $95.6M (up 4%) on higher hardware and software sales.
Operating income decreased 19% to $20.0M; operating margin was 11% versus 13% a year ago.
Net cash provided by operating activities surged to $342.3M, up $287.1M year-over-year, mainly due to settlement activity timing.
Cash and cash equivalents at March 31, 2025 were $712.5M; total debt was $960.5M.
EPS was $0.05 (basic and diluted) for Q1 2025, compared to $0.04–$0.05 in Q1 2024.
Outlook and guidance
The proposed merger with IGT Gaming is expected to close as early as the end of Q2 or during Q3 2025, subject to regulatory approvals.
Everi expects its cash, cash flows, and credit facility to be sufficient for operating and capital needs in the foreseeable future.
- Everi posted a Q3 net loss and will be acquired for $14.25/share in an all-cash deal.EVRI
Q3 2024 - Q2 2024 saw revenue and net income drop sharply, with a buyout deal to take the company private.EVRI
Q2 2024 - 2024 net income plunged 82% as Games revenue fell and Everi awaits Apollo acquisition.EVRI
Q4 2024
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