Everi

Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the following segments: Games and FinTech. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions and ancillary products and services. The FinTech segment provides access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions, check-related services, fully integrated kiosks and maintenance services, compliance, audit and data software, casino credit data and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.

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Everi posts robust Q4 earnings, eyes North American VLT market

Everi's Q4 2022 performance reflects strong revenue growth and profitability, driven by high-margin recurring revenue streams.
The company's focus on new initiatives, including digital iGaming and expansion into new markets, positions it for continued growth.
Challenges lie in managing supply chain issues, balancing costs with revenue growth, and optimizing capital deployment.
Opportunities abound in entering new markets, pursuing M&A, and introducing innovative gaming products to drive future success.

Everi reports strong Q1 earnings, eyes new market growth

Everi's Q1 2023 performance showed solid revenue growth, driven by successful product launches and strategic acquisitions.
While facing challenges in certain U.S. gaming regions and potential shipment delays, Everi remains focused on expanding into new markets and maintaining financial strength.
Opportunities in digital gaming, new market segments, and ongoing product innovation position Everi for continued growth and earnings success.
With a reaffirmed annual guidance and strong financial metrics, Everi is poised for a promising year ahead with a focus on sustainable growth.

Everi reports solid Q2 performance, eyes growth through digital initiatives

Everi's Q2 2023 performance was solid, driven by Fintech revenue growth and strategic acquisitions.
Challenges include unexpected churn in the installed base and revised annual guidance due to higher expenses.
Opportunities lie in new product releases, digital initiatives, and growth from recent acquisitions.

Everi reports solid Q3 performance, eyes growth in new markets

Everi's Q3 performance showcased resilience and strategic focus on long-term growth, with strong revenue and EBITDA figures.
Despite challenges in the Games business, the company's proactive approach to innovation and market expansion bodes well for future success.
Opportunities in new markets and product offerings, coupled with a solid capital allocation strategy, position Everi for accelerated growth in 2024.

Everi to merge with IGT, anticipates revenue growth acceleration

Everi Holdings plans to merge with IGT's businesses, expecting revenue growth acceleration and synergies. Despite challenges in operating expenses, the company anticipates improved performance in the second half of 2024. Opportunities lie in revenue growth, Fintech business improvement, and new product launches.

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Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services. The FinTech segment provides access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions, check-related services, fully integrated kiosks and maintenance services, compliance, audit and data software, casino credit data, and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.

Get a deeper insight into the potential performance of Everi Holdings (EVRI) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to Everi Holdings (EVRI) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

LAS VEGAS , May 6, 2024 /PRNewswire/ -- Everi Holdings Inc. ("Everi" or the "Company"), announced that it has terminated its stock repurchase program effective May 2, 2024. On May 3, 2023, the Company's Board of Directors approved the stock repurchase program under which the Company was authorized to repurchase an amount not to exceed $180 million of the Company's common stock through November 3, 2024 (the "Stock Repurchase Program").

EVERI HOLDINGS TERMINATES STOCK REPURCHASE PROGRAM AND IMPLEMENTS A MANDATORY SELL-TO-COVER POLICY

Everi Holdings (EVRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Everi Holdings (EVRI) Q1 Earnings Expected to Decline

LAS VEGAS , April 30, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, today announced the Company has been named to the "Top Workplaces USA 2024" list following a recent independent employee engagement survey conducted by Energage. This marks the third consecutive year Everi has earned national recognition for its employee experience and the second time in 2024 as Everi's India offices received an annual certification as a Great Place to Work® from the Great Place to Work Institute in India.

EVERI NAMED TO "TOP WORKPLACES USA" LIST FOR THIRD CONSECUTIVE YEAR

App for UK's Largest Live Entertainment Arena Enhances Experience for Attendees LAS VEGAS AND MANCHESTER, England , April 23, 2024 /PRNewswire/ -- Venuetize, Everi Holdings Inc.'s (NYSE: EVRI) ("Everi" or "the Company") leading mobile technology and advanced e-commerce platform for the sports, hospitality, and entertainment industries, today announced it has been selected by Oak View Group ("OVG") as the foundation for a patron engagement mobile strategy for Co-op Live, the largest indoor and only music first arena in the U.K. The new Co-op Live app is now available in the  App Store  and  Google Play . Co-op Live patrons will be able to purchase and manage their event tickets through the app via Ticketmaster.

CO-OP LIVE TO UTILIZE EVERI'S VENUETIZE SOLUTION AS FOUNDATION FOR PATRON ENGAGEMENT MOBILE STRATEGY

LAS VEGAS , April 17, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2024 first quarter financial results before the market opens on Wednesday, May 8, 2024, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m.

EVERI TO REPORT 2024 FIRST QUARTER RESULTS ON MAY 8 AND HOST CONFERENCE CALL AND WEBCAST

While the top- and bottom-line numbers for Everi Holdings (EVRI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Everi Holdings (EVRI) Reports Q4 Earnings: What Key Metrics Have to Say

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Everi Holdings Inc. (NYSE: EVRI) and International Game Technology PLC's Global Gaming and PlayDigital businesses is fair to Everi shareholders. Upon completion of the proposed transaction, Everi shareholders are expected to own approximately 46% of the shares in the combined company. Halper Sadeh encourages Everi shareholders to click here to learn more about their legal rights and.

EVRI Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Everi Holdings Inc. Is Fair to Shareholders

Everi Holdings (EVRI) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.28 per share a year ago.

Everi Holdings (EVRI) Misses Q4 Earnings and Revenue Estimates

Announced Strategic Merger with IGT's Global Gaming and PlayDigital LAS VEGAS , Feb. 29, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Revenues of $192.0 million compared to $205.4 million a year ago.

EVERI REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

International Game Technology

Business combination  creates a comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and services Complementary offering coupled with global reach  provides compelling growth prospects with significant synergy opportunities Attractive recurring revenue profile and strong profit margins, balance sheet, and cash flows provide flexibility to allocate capital to drive long-term shareholder value creation IGT CEO Vince Sadusky to lead combined company with executives from both companies in key leadership roles; Everi Executive Chairman Michael Rumbolz to serve as chairman of the board of directors of the combined company IGT Global Lottery business to operate as a pure play global lottery player with focused, compelling business model and optimized capital structure to drive long-term shareholder value LONDON and LAS VEGAS , Feb. 29, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) and Everi Holdings Inc. (NYSE: EVRI) ("Everi") today announced their entry into definitive agreements pursuant to which IGT will separate its Global Gaming and PlayDigital businesses by way of a taxable spin-off to IGT shareholders and then immediately combine such businesses with Everi to create a comprehensive and diverse global gaming and fintech enterprise. Under the terms of the agreements, at closing, IGT shareholders are expected to own approximately 54% and Everi stockholders are expected to own approximately 46% of the shares in the combined company.

IGT's Global Gaming and PlayDigital Businesses to Combine with Everi, Creating a Comprehensive Global Gaming and FinTech Enterprise

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Everi Holdings (EVRI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Ahead of Everi Holdings (EVRI) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

LAS VEGAS , Feb. 13, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 fourth quarter and full year results before the market opens on Thursday, February 29, 2024, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m.

EVERI TO REPORT 2023 FOURTH QUARTER AND FULL YEAR RESULTS ON FEBRUARY 29 AND HOST CONFERENCE CALL AND WEBCAST

LAS VEGAS , Dec. 8, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, congratulates The Company's Executive Chairman of the Board, Michael Rumbolz, on his election to Chairman of the Board of the American Gaming Association ("AGA"). Rumbolz's two-year term as AGA Chairman begins January 2024, while he will continue in his current capacity at Everi.

EVERI EXECUTIVE CHAIRMAN OF THE BOARD, MICHAEL RUMBOLZ, ELECTED AMERICAN GAMING ASSOCIATION CHAIRMAN

Everi Holdings Inc. (NYSE:EVRI ) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET Company Participants Jennifer Hills - Vice President Investor Relations Randy Taylor - Chief Executive Officer Mark Labay - Chief Financial Officer Kate Lowenhar-Fisher - General Counsel Dean Ehrlich - Games Business Leader Darren Simmons - FinTech Business Leader Conference Call Participants Jeff Stantial - Stifel Barry Jonas - Truist Securities Chad Beynon - Macquarie George Sutton - Craig Hallam John Davis - Raymond James Operator Good morning, and thank you for standing by. And welcome to the Everi Holdings 2023 Third Quarter Earnings Conference Call.

Everi Holdings Inc. (EVRI) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Everi Holdings (EVRI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Everi Holdings (EVRI) Q3 Earnings

LAS VEGAS , Nov. 8, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), today announced results for the third quarter ended September 30, 2023 and provided an update on its full year outlook. Revenues increased 1% to $206.6 million from $204.3 million a year ago FinTech segment revenues grew 4% to $95.1 million, reflecting a 12% increase in software and other revenues and a 7% rise in financial access revenues partially offset by a 20% decrease in hardware revenues Games segment revenues declined 1% to $111.5 million, reflecting a 5% rise in gaming operations revenues offset by a 12% decline in gaming equipment and systems sales revenues  Recurring revenues grew 7% to $154.3 million and represented 75% of total revenues; non-recurring revenues declined 14% to $52.3 million reflecting lower gaming unit and FinTech hardware sales Net income decreased to $26.6 million, or $0.29 per diluted share, compared to $29.4 million, or $0.30 per diluted share, in the 2022 third quarter, a slight decrease from the prior year period Adjusted EPS, a non-GAAP financial measure, was $0.44 per diluted share flat with the prior-year period Adjusted EBITDA, a non-GAAP financial measure, was $96.2 million compared with $96.6 million in the 2022 third quarter Free Cash Flow, a non-GAAP financial measure, was impacted by discrete capital expenditures of approximately $6.0 million related to the build-out of the new consolidated production facility and certain technology investments as well as higher net cash interest payments of $4.7 million resulting in Free Cash Flow of $34.3 million in the third quarter of 2023 compared to $44.9 million in the prior-year period Repurchased 2.4 million shares for $33.9 million in the 2023 third quarter, with $106.1 million remaining available under the current $180 million share repurchase authorization.

EVERI REPORTS THIRD QUARTER 2023 RESULTS

Everi Holdings is undervalued despite recent acquisitions in the digital entertainment industry. The company operates in two segments: financial solutions within video games and management, design, and marketing of video games. Everi has potential for net sales growth through developments in the video lottery terminal market and the horse racing market.

Everi: Acquisitions Loading, And Clearly Cheap Digital Entertainment Play

LAS VEGAS , Oct. 13, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) announced today that it will release its 2023 third quarter results before the market opens on Wednesday, November 8, 2023, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m.

EVERI TO REPORT 2023 THIRD QUARTER RESULTS ON NOVEMBER 8 AND HOST CONFERENCE CALL AND WEBCAST

LAS VEGAS , Oct. 5, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced that it is hosting a live webcast of management's investor presentation and preview of the Company's products showcased at the upcoming 2023 Global Gaming Expo ("G2E"), as well as a question and answer period that will follow the presentation. The presentation and webcast will begin at 1:30 p.m.

Everi to Webcast Investor Presentation and Preview of Products at Global Gaming Expo 2023 on Monday October 9, 2023

Popular Premium Land-Based Titles Debut for Online Players LAS VEGAS , Oct. 5, 2023 /PRNewswire/ -- Everi Digital, the online gaming business of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing™ casino and venue operators need to engage patrons by debuting its first-ever online table games, new online titles derived from its premium land-based library, and a perceived skill game, along with the introduction of Video King™ into the Everi Digital portfolio at the 23rd annual Global Gaming Expo (G2E®), October 9-12, 2023 (Booth #1150). Everi Digital will launch its first two online table games at G2E 2023, Jinzi Roulette™, a first-of-its-kind Chinese zodiac-based, 13-space mini-roulette game and Blackjack Bonus Aces Jackpot™, a multi-hand blackjack game with a progressive buy-in.

EVERI DIGITAL TO DEBUT JINZI ROULETTE™ AND BLACKJACK BONUS ACES JACKPOT™, COMPANY'S FIRST ONLINE TABLE GAMES, AT GLOBAL GAMING EXPO 2023

Fully Integrated Mobile Platform, New Everi BeOn Wallet ™ , and Venuetize Products among Available Mobile-First FinTech Solutions LAS VEGAS , Oct. 4, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing™ casino and venue operators need to engage patrons as it demonstrates the newest enhancements to its "Digital Neighborhood" of Financial Technology solutions at the 23rd annual Global Gaming Expo (G2E®), October 9-12, 2023 (Booth #1150). Building on its "Digital Neighborhood" product portfolio, Everi's FinTech offerings at G2E will feature the BeOn™ mobile services platform as well as a comprehensive suite of additional mobile, financial access, loyalty, RegTech, and enhanced marketing solutions.

EVERI TO SHOWCASE BeOn™ MOBILE SERVICES PLATFORM AND FINTECH SOLUTIONS WITH EMPHASIS ON PATRON JOURNEY ENHANCEMENTS AT GLOBAL GAMING EXPO 2023

Focus on R&D Reflects Relentless Commitment to Innovation LAS VEGAS , Oct. 3, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing™ casino operators need to engage players with five new cabinets debuting alongside the Company's most diverse-ever portfolio of new content featuring more than 70 new themes across all product categories at the 2023 Global Gaming Expo (G2E®), October 9-12, in booth #1150. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9123655-everi-hardware-game-development-reinvestment-global-gaming-expo/ "New cabinet and game development is a clear focus for Everi, with an emphasis on providing best-in-class entertainment experiences that enhance player engagement," said Randy Taylor, President and CEO, at Everi.

EVERI TO SHOWCASE REINVESTMENT IN HARDWARE AND GAME DEVELOPMENT WITH MOST DIVERSE CABINET AND GAMES LINEUP IN COMPANY'S HISTORY AT GLOBAL GAMING EXPO 2023

LAS VEGAS , Sept. 26, 2023 /PRNewswire/ -- Everi Payments Inc., the wholly owned subsidiary and FinTech business of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the Company's victory in five inter partes review proceedings held before the UNITED STATES PATENT AND TRADEMARK OFFICE ("USPTO") PATENT TRIAL AND APPEAL BOARD (the "PTAB").

EVERI PAYMENTS INC. ANNOUNCES RECENT SUCCESS IN THE MATTER OF Everi Payments Inc. ("Petitioner") v.

Everi Holdings Inc. (NYSE:EVRI ) Q2 2023 Results Conference Call August 9, 2023 11:00 AM ET Company Participants Jennifer Hills - Vice President Investor Relations Randy Taylor - Chief Executive Officer Mark Labay - Chief Financial Officer Dean Ehrlich - Games Business Leader Darren Simmons - FinTech Business Leader Conference Call Participants David Katz - Jefferies Barry Jonas - Truist Securities Jeff Stantial - Stifel Chad Beynon - Macquarie Edward Engel - ROTH Capital Partners George Sutton - Craig Hallam John Davis - Raymond James Operator Hello, everyone. Thank you for standing by and welcome to the Everi Holdings Inc. Second Quarter 2023 Earnings Conference Call.

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