Accel Entertainment Reports Record Revenue and EBITDA Growth, Active M&A Pipeline.

Accel Entertainment reported record Q2 2025 revenue of $336 million and adjusted EBITDA of $53 million. CEO Andrew Harry Rubenstein stated the company is building on its leading position in gaming. The M&A pipeline remains active, with Accel focusing on delivering the best gaming experience.

Accel Entertainment, Inc. (NYSE: ACEL) has reported its second-quarter financial results for 2025, showcasing robust growth and a solid performance across its core markets. The company reported record quarterly revenues of $335.9 million, an increase of 8.6% compared to the same period last year [1]. The record revenue was driven by a 3.1% increase in the number of locations to 4,427 and a 3.4% increase in gaming terminals to 27,388 [1].

Accel Entertainment's adjusted EBITDA for the second quarter stood at $53.2 million, marking a 7.1% increase year-over-year [1]. The company's net income for the period was $7.3 million, which, however, decreased by 50.2% compared to the same period last year [1]. This decrease was partially attributable to a loss on the change in the fair value of the contingent earnout shares (Accel Class A-2 common stock) compared to a gain in the prior period [1].

Accel CEO Andrew Harry Rubenstein commented on the company's performance, stating, "Our record second quarter results demonstrate continued progress and consistent execution with year-over-year revenue and Adjusted EBITDA growth in all of our core and developing markets. Our results reflect the benefits of our disciplined expansion strategy and our successful improvement of the operating results in new and acquired locations" [1].

The company's net debt as of June 30, 2025, stood at $331 million [1]. Accel Entertainment also repurchased 0.6 million shares of Accel Class A-1 common stock in the second quarter for approximately $6.7 million [1].

Accel Entertainment's strategic expansion continues with the commencement of casino and racing operations at Fairmount Park Casino & Racing in April 2025 [1]. The company's focus on delivering the best gaming experience remains evident through its M&A pipeline, which remains active.

In summary, Accel Entertainment's Q2 2025 financial results demonstrate the company's strong performance and continued growth, driven by its disciplined expansion strategy and successful market leadership.

References:
[1] https://www.morningstar.com/news/business-wire/20250805781790/accel-entertainment-reports-second-quarter-results