Accel Entertainment 2025 Q3 Earnings Net Income Surges 171.8% as Revenue Grows 9.1%

Accel Entertainment (ACEL) reported fiscal 2025 Q3 earnings on Nov 4, 2025, with revenue rising 9.1% year-over-year to $329.69 million and net income surging 171.8% to $13.3 million. The company’s results exceeded expectations on both revenue and earnings per share (EPS), driven by strong performance in core markets and strategic expansion. CEO highlighted disciplined execution and geographic diversification as key growth drivers, while the board announced a new $900 million credit facility to bolster capital flexibility.

Revenue

, forming the backbone of the company’s performance, while amusement and manufacturing segments contributed $4.98 million and $1.68 million respectively. ATM fees and other revenue added $14.56 million, . The 9.1% year-over-year growth reflects robust demand in Illinois and Montana, along with expanding market penetration in Georgia and Nebraska.

Earnings/Net Income

Accel’s EPS jumped 166.7% to $0.16, driven by a net income increase from $4.89 million in 2024 Q3 to $13.3 million in 2025 Q3. This marks seven consecutive years of profitability, underscoring the company’s operational resilience. The EPS growth aligns with the CEO’s emphasis on margin optimization and location mix adjustments.

Post-Earnings Price Action Review

Following the earnings report, Accel’s stock edged up 0.30% during the latest trading day but declined 2.93% for the week and 10.70% month-to-date. The mixed short-term performance reflects investor caution amid broader market volatility.

CEO Commentary

CEO Andy Rubenstein attributed the results to consistent execution, geographic expansion, and operational efficiencies. He emphasized leveraging scale in Illinois and Montana, while scaling operations in Nebraska, Georgia, and Nevada. .

Guidance

The company anticipates growth from the ramp-up of Fairmount Park Casino & Racing, Louisiana expansion, and potential distributed gaming opportunities in new states. While no specific quantitative targets were provided, the outlook remains anchored to disciplined execution and market expansion.

Additional News

1. C-Level Change: was appointed Chief Financial Officer, effective Sept. 22, 2025, succeeding the outgoing leadership.

2. Share Repurchase: Accel repurchased 0.6 million shares of Class A-1 common stock for approximately $6.8 million in Q3 2025, reflecting a commitment to shareholder value.

3. Credit Facility: A new $900 million credit facility was secured, extending maturities to 2030 and lowering capital costs, enhancing flexibility for growth initiatives.