Accel Entertainment reports record revenue for Q4
Revenue increased 7.5 per cent year-over-year.
US.- Accel Entertainment has announced financial and operating results for the fourth quarter and year ended December 31, 2025. For Q4, the company reported record revenue of $341.4m, up 7.5 per cent year-over-year.
Accel ended the fourth quarter with 4,501 locations, up 2.2 per cent compared to the same period in 2024, and with 27,950 gaming terminals, an increase of 2.9 per cent. Net income totalled $16.2m, up 91.7 per cent year-over-year. The company posted a record adjusted EBITDA of $56.3m, up 18.9 per cent.
For the full year, Accel reported record revenue of $1.3bn, an increase of 8.1 per cent compared to the same period in 2024. It posted net income of $51.3m, up 45.3 per cent, and record adjusted EBITDA of $210.1m, an increase of 11.1 per cent.
Accel CEO, Andy Rubenstein, commented: “Accel delivered a strong finish to 2025, highlighted by 7.5 per cent revenue growth and an 18.9 per cent increase in adjusted EBITDA in the fourth quarter. For the full year, we generated record revenue of $1.3bn and $210m in adjusted EBITDA, reflecting the growth and resilience of our distributed gaming model combined with our disciplined capital deployment. We ended the year supporting more than 4,500 locations and nearly 28,000 gaming terminals, underscoring the scale and durability of our platform.
“In Illinois and Montana, we continue to optimise our footprint and machine base, driving steady hold-per-day improvement and margin expansion. The Illinois rollout of ticket-in, ticket-out technology is progressing as planned and is expected to enhance player convenience and operational efficiency over time. We are excited by the potential to bring our distributed gaming and local entertainment model to the city of Chicago following public announcements regarding the possible introduction of Video Gaming Terminals in licensed locations. We believe we are well positioned to leverage our strong balance sheet, existing fixed operating infrastructure, route management capabilities, and fixed asset base to capitalise on opportunities in a Chicago Video Gaming Terminals market, and we continue to monitor developments as we establish our strategies for maximizing returns from this possible opportunity.
“Across our developing markets, we are seeing meaningful scale and momentum. Nevada terminal count increased 13 per cent year-over-year, supported by recent strategic accretive route expansions, while Louisiana revenue increased approximately 75 per cent compared to the prior year as we execute on our bolt-on acquisition strategy. Nebraska and Georgia also delivered strong growth, demonstrating the continued expansion and increased leverage of our operating platform. At Fairmount Park Casino & Racing, we completed our first full year of operations and continue to see steady customer engagement as the property ramps.”
