Page 1

Logo NEWS RELEASE Everi Reports Record Results For The 2021 Second Quarter 8/4/2021 Broad - based Strength in Games and FinTech Segment Operating Performance Provides Full Year 2021 Guidance , including Net Income of $ 87 Million to $ 95 Million and Adjusted EBITDA of $ 332 Million to $ 342 Million LAS VEGAS , Aug. 4 , 2021 / 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 loyalty solutions , today reported record financial results for the second quarter ended June 30 , 2021. The 2021 second quarter revenue , net income , Adjusted EBITDA and Free Cash Flow are all slightly above the respective ranges the Company provided on June 21 , 2021. The results are a quarterly sequential improvement from the 2021 first quarter , reflecting continued strength in casino patron demand , while still reflecting an ongoing , but reduced , impact of the COVID - 19 pandemic . Second Quarter 2021 Financial Highlights Compared to the Second Quarter 2019 Because second quarter 2020 financial results were severely impacted by casino closures related to the COVID - 19 pandemic , the Company believes it is more meaningful to compare 2021 second quarter results to those of the 2019 second quarter . Financial results for the 2021 , 2020 and 2019 second quarter periods are presented in the Consolidated , Games and Financial Technology Solutions highlight tables below . • Revenues rose 33 % to a quarterly record $ 172.6 million , compared to $ 129.7 million in the 2019 second quarter . • Net income improved 560 % to a quarterly record $ 36.2 million , or $ 0.36 per diluted share , compared to $ 5.5 million , or $ 0.07 per diluted share , in the 2019 second quarter . Adjusted EBITDA , a non - GAAP financial measure , increased 44 % to a quarterly record $ 92.5 million , compared to $ 64.1 million in the 2019 second quarter . • Free Cash Flow , a non - GAAP financial measure , increased 462 % to $ 39.2 million , compared to $ 7.0 million in the 2019 second quarter . • Revenue , net income , Adjusted EBITDA and Free Cash Flow are all slightly above the respective ranges the Company provided on June 21 , 2021 . • Subsequent to quarter - end , completed a successful refinancing that reduced total debt to $ 1.0 billion , decreased cash interest costs and extended maturities . Michael Rumbolz , Chief Executive Officer of Everi , said , " The record 2021 second quarter results reflect the