Casino technology supplier Everi Holdings Inc says it expects to record year-on-year declines in first-quarter total revenue and adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA).
The information was included in a Tuesday filing to the New York Stock Exchange, which featured preliminary estimates for selected financial results for the first three months of 2025.
The company stated it anticipated total revenue of between US$176 million and US$186 million for the first quarter of this year, compared with aggregate revenue of US$189 million a year earlier.
Revenue in the games segment – including gaming operations as well as sales of equipment and systems – is expected to be in the range of US$83 million to US$88 million for the January to March 2025 period. It compares with segment revenue of US$97 million in the first three months of 2024.
The firm also operates a financial technology (fintech) segment.
Everi, along with International Game Technology Plc’s gaming and digital business, is in the process of being simultaneously acquired by funds managed by affiliates of private equity firm Apollo Global Management Inc.
The Apollo group is acquiring Everi by paying US$14.25 per share in cash. The deal is scheduled to close in the third quarter of 2025.
Everi said in Tuesday’s filing that it expects first-quarter adjusted EBITDA of between US$66 million and US$72 million. That would represent a decline compared with adjusted EBITDA of US$80 million recorded in the opening quarter of 2024.
The firm’s estimates point to net income of between US$3 million and US$5 million for the first quarter of 2025, compared to US$5 million in the comparable period of 2024.
Capital expenditure is expected to have been between US$30 million and US$32 million during the first three months of 2025, the document stated. That compares with expenditure of US$43 million a year earlier.
