Accel Entertainment Q2 revenue beats estimates, helped by Illinois performance

Accel Entertainment

04/08/2026 21:41

Overview
US gaming terminal operator's Q2 revenue grew 10% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 rose 11% yr/yr and beat analyst expectations
Company repurchased 500,000 shares for $5.6 mln in Q2

Outlook
Company identifies Chicago gaming terminal approvals as a near-term growth opportunity
Accel says developing markets Nebraska and Georgia are increasingly important for long-term earnings growth
Company expects benefits from TITO-enabled terminals in Illinois to build over time

Result Drivers
ILLINOIS PERFORMANCE - Co said Illinois revenue, excluding Fairmount Park, rose 6% yr/yr, driven by improved hold-per-day and higher performing customer mix
FAIRMOUNT PARK - Table games launch and second racing season at Fairmount Park contributed to highest quarterly gross profit since acquisition
DEVELOPING MARKETS - Adjusted EBITDA in Nebraska and Georgia increased significantly, highlighting growing importance of these markets

Company press release: ID:nBw8cDkMLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$368.13 mln
$356.50 mln (6 Analysts)
Q2 Net Income
 
$12.51 mln
 
Q2 Adjusted EBITDA
Beat
$58.92 mln
$57.26 mln (6 Analysts)
Q2 Operating income
 
$32.05 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Accel Entertainment Inc is $16.00, about 33% above its August 3 closing price of $12.03
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Aug 3 - TKO Group Q2 revenue beats estimates; 2026 outlook lifted

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)