Earnings release
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TM EVERI NEWS RELEASE Everi Reports 2021 Third Quarter Results 11/3/2021 Growth in Games and FinTech Segments Drives Quarterly Record Recurring Revenue Raises Full - year Revenue and Earnings Guidance -- LAS VEGAS , Nov. 3 , 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 player loyalty solutions , today announced third quarter results for the period ended September 30 , 2021 . Third Quarter 2021 Financial Highlights and Updated Full Year Outlook As the third quarter 2020 financial results were significantly impacted by the COVID - 19 pandemic , Everi believes a more meaningful comparison for its 2021 third quarter results and an indication of its growth is to the 2019 third quarter results , for which revenues and Adjusted EBITDA were higher than in the 2020 third quarter . Financial results for the 2021 , 2020 and 2019 third quarter periods are presented in the Consolidated , Games and Financial Technology Solutions comparative results tables below . Revenues rose 25 % to $ 168.3 million , compared to $ 134.6 million in the 2019 third quarter . • Operating income more than doubled to a record $ 55.1 million compared to $ 27.3 million in the 2019 third quarter . Net income , inclusive of $ 34.4 million in pre - tax costs for the extinguishment of debt associated with the Company's refinancing of its outstanding debt in the quarter , decreased to $ 6.7 million , or $ 0.07 per diluted share , compared to $ 9.3 million , or $ 0.12 per diluted share , in the 2019 third quarter . • Adjusted EBITDA , a non - GAAP financial measure , increased 40 % to $ 90.6 million , compared to $ 64.7 million in the 2019 third quarter .