Everi (EVRI)-8 May 24-2024 Q1 Earnings call transcript

Everi (EVRI)-8 Nov 23-2023 Q3 Earnings call transcript

Everi (EVRI)-9 Aug 23-2023 Q2 Earnings call transcript

Everi (EVRI)-10 May 23-2023 Q1 Earnings call transcript

Everi (EVRI)-1 Mar 23-2022 Q4 Earnings call transcript

Everi (EVRI)-8 Nov 22-2022 Q3 Earnings call transcript

Everi (EVRI)-3 Aug 22-2022 Q2 Earnings call transcript

Everi (EVRI)-10 May 22-2022 Q1 Earnings call transcript

Everi (EVRI)-1 Mar 22-2021 Q4 Earnings call transcript

Everi (EVRI)-3 Nov 21-2021 Q3 Earnings call transcript

Everi (EVRI)-5 Aug 21-2021 Q2 Earnings call transcript

Everi (EVRI)-6 May 21-2021 Q1 Earnings call transcript

Everi (EVRI)-10 Mar 21-2020 Q4 Earnings call transcript

Everi (EVRI)-2 Nov 20-2020 Q3 Earnings call transcript

- **Q2 EBITDA Beat**: Rapid cost cuts and FinTech growth drove positive adjusted EBITDA, defying expectations.
- **Revenue Resilience**: 75% casino reopenings by June, with active units generating $35+ daily win (pre-pandemic levels).
- **Cashless Growth**: Quick ticket kiosk installs up 2x, mobile wallet integrations set for Q4/Q1, targeting 85%+ U.S. casino adoption.
- **Margin Strength**: $35M+ OpEx savings offset reduced slot spend, maintaining profitability despite industry uncertainty.
- **Cash Flow Turnaround**: Free cash flow expected Q3/Q4, up from prior guidance of Q4-only positivity.


**【CEO Summary Section】**
- The company achieved better-than-expected Q2 results, generating positive adjusted EBITDA due to rapid cost reduction, operational efficiency, and strong FinTech performance.
- Revenue growth was driven by 75% U.S. casino reopenings by end of June, with daily win per unit on active devices exceeding $35, comparable to pre-pandemic levels.
- Investment in cashless solutions (e.g., quick ticket mobile app, Cashclub wallet) is prioritized to capitalize on post-pandemic demand for contactless gaming.
- Installed base of premium games grew by 70% year-over-year, now accounting for 39% of total units, with strong performance from titles like *The Vault* and *Shark Week*.

**【CFO Financial Commentary】**
- Q2 GAAP net income: $420 million; Non-GAAP EPS: $1.08 (exceeded expectations).
- Adjusted EBITDA improved due to $118 million incremental term loan, reducing cash burn and enhancing liquidity to $133 million.
- Cost-saving measures (e.g., $1 million office consolidation, $2.7 million severance) reduced OpEx by $35-$40 million annually.
- Free cash flow expected to be positive in Q3 and Q4, earlier than prior guidance.

**【Q&A Key Takeaways】**
- **Game Performance**: 80% of installed units active at reopened casinos, with premium games outperforming pre-pandemic metrics.
- **Cashless Adoption**: Casinos installing quick ticket kiosks at 2x pre-pandemic rate; mobile wallet integrations planned for Q4/Q1.
- **Cost Efficiency**: Annualized savings from restructuring ($35M+ OpEx reduction) offset reduced slot spend, maintaining margins.
- **CapEx & Interest**: Q3 CapEx ~$75M, cash interest ~$12M; full-year interest ~$35M.
- **Market Trends**: 85% U.S. casinos open, with no significant demand drop-off post-reopening; Oklahoma performance stable.


Everi (EVRI)-5 Aug 20-2020 Q2 Earnings call transcript

Everi (EVRI)-2 Jun 20-2020 Q1 Earnings call transcript

Everi (EVRI)-2 Mar 20-2019 Q4 Earnings call transcript

Everi (EVRI)-5 Nov 19-2019 Q3 Earnings call transcript

Everi (EVRI)-11 Aug 19-2019 Q2 Earnings call transcript

Everi (EVRI)-7 May 19-2019 Q1 Earnings call transcript

Everi (EVRI)-12 Mar 19-2018 Q4 Earnings call transcript

Everi (EVRI)-9 Nov 18-2018 Q3 Earnings call transcript

Everi (EVRI)-8 Aug 18-2018 Q2 Earnings call transcript

Everi (EVRI)-7 May 18-2018 Q1 Earnings call transcript

Everi (EVRI)-13 Mar 18-2017 Q4 Earnings call transcript

Everi (EVRI)-30 Oct 17-2017 Q3 Earnings call transcript

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