Accel Entertainment Q3 Revenue Edges Up to $230.5M

Ticker: ACEL · Form: 10-Q · Filed: 2024-10-30T00:00:00.000Z

Sentiment: neutral

Topics: earnings, revenue, gaming, amusement

TL;DR

Accel's Q3 revenue hit $230.5M, up slightly YoY. Gaming and amusement revenue holding steady.

AI Summary

Accel Entertainment, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported revenue of $230.5 million for the third quarter of 2024, a slight increase from $228.6 million in the same period of 2023. For the nine months ended September 30, 2024, revenue was $680.1 million, up from $659.1 million in the prior year. The filing details financial performance across its Video Gaming, Amusement, and ATM Fees & Other Revenue segments.

Why It Matters

This filing provides insight into Accel Entertainment's financial health and revenue trends, crucial for investors assessing the company's performance in the amusement and recreation sector.

Risk Assessment

Risk Level: medium — The filing indicates a mixed financial performance with slight revenue growth, but detailed analysis of expenses, debt, and market conditions would be needed for a definitive risk assessment.

Key Numbers

$230.5M — Q3 2024 Revenue (Slight increase from Q3 2023)
$228.6M — Q3 2023 Revenue (Previous year's comparable quarter)
$680.1M — Nine Months 2024 Revenue (Year-to-date revenue for 2024)
$659.1M — Nine Months 2023 Revenue (Year-to-date revenue for 2023)

Key Players & Entities

Accel Entertainment, Inc. (company) — Filer of the 10-Q
2024-09-30 (date) — End of the reporting period
2024-07-01 (date) — Start of the third quarter of 2024
2023-07-01 (date) — Start of the third quarter of 2023
2024-01-01 (date) — Start of the nine-month period of 2024
2023-01-01 (date) — Start of the nine-month period of 2023

FAQ

What was Accel Entertainment's total revenue for the third quarter of 2024?

Accel Entertainment's total revenue for the third quarter of 2024 was $230.5 million.

How does the third quarter 2024 revenue compare to the third quarter of 2023?

The third quarter 2024 revenue of $230.5 million is a slight increase compared to $228.6 million in the third quarter of 2023.

What was the company's revenue for the nine months ended September 30, 2024?

For the nine months ended September 30, 2024, Accel Entertainment reported revenue of $680.1 million.

Which segments contribute to Accel Entertainment's revenue?

The filing indicates revenue contributions from Video Gaming, Amusement, and ATM Fees & Other Revenue segments.

What was the previous name of Accel Entertainment, Inc.?

Accel Entertainment, Inc. was formerly known as TPG Pace Holdings Corp., with a name change date of February 24, 2017.

From the Filing

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