EVRI Latest Report

Financial Performance

Everi Holdings (EVRI) reported a total operating revenue of RMB189,516,000 as of December 31, 2024, a decrease of approximately 0.27% from RMB192,032,000 in the same period of 2023. This change indicates challenges faced by the company in terms of revenue, possibly influenced by market conditions and its operating strategies.

Key Financial Data

1. Total Operating Revenue decreased by approximately 0.27% YoY, indicating pressure on revenue.

2. Sales costs increased, from RMB35,777,000 in 2023 to RMB41,817,000 in 2024, affecting profitability.

3. Research and development expenses increased, from RMB18,780,000 in 2023 to RMB19,559,000 in 2024, possibly inhibiting profitability in the short term.

4. Marketing expenses increased, from RMB36,621,000 in 2023 to RMB38,304,000 in 2024, possibly affecting sales efficiency.

Industry Comparison

1. Industry-wide analysis: The payment solutions and gaming services industry as a whole faces changes in economic conditions and shifts in consumer spending patterns, with many companies experiencing revenue pressure, reflecting the industry's general challenges.

2. Peer comparison analysis: Compared to other companies in the same industry, Everi Holdings' total operating revenue decreased by a relatively smaller margin, but still showed signs of weak revenue growth, requiring measures to maintain market competitiveness.

Summary

Everi Holdings faced challenges in 2024, including revenue decline, cost increase, and intensified market competition. Although the decrease in total operating revenue was relatively small, this reflects the company's difficulties in maintaining growth. It is necessary to focus on industry-wide trends and adjustments in internal strategies to cope with ongoing market pressure.

Opportunities

1. Strengthen cooperation with Native American tribes to expand revenue sources in specific markets.

2. Launch new gaming machine models and software themes to enhance market competitiveness.

3. Develop online payment processing solutions to meet the growing demand in the gaming industry.

Risks

1. Intensified market competition may lead to price pressure and shrinking profit margins.

2. Unstable global economy and supply chain disruptions may affect sales expectations.

3. Legal and regulatory uncertainties may impact operations in South America.