Accel Entertainment Posts Record Revenue Growth on Expanded Footprint
Event summary
- Accel Entertainment reported $341.4 million in Q4 2025 revenue, up 7.5% YoY.
- Full-year 2025 revenue hit $1.3 billion, an 8.1% increase from 2024.
- Net income surged 91.7% QoQ to $16.2 million in Q4 2025.
- Adjusted EBITDA rose 18.9% YoY to $56.3 million in Q4 2025.
- Company expanded to 4,501 locations and 27,950 gaming terminals by year-end.
The big picture
Accel Entertainment's record revenue and EBITDA reflect the resilience of its distributed gaming model, particularly in expanding markets like Nevada and Louisiana. The company's strategic focus on operational efficiencies and potential entry into new jurisdictions underscores its position as a key player in the locals-focused gaming sector.
What we're watching
- Market Expansion
- How Accel's potential entry into Chicago's Video Gaming Terminals market will impact its growth trajectory.
- Operational Efficiency
- Whether the rollout of ticket-in, ticket-out technology in Illinois can sustain margin expansion.
- Financial Flexibility
- The pace at which Accel will deploy its $900 million credit facility to fund further acquisitions and growth initiatives.
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