Accel Entertainment (ACEL) Reports Q4 Revenues Miss

Accel Entertainment (NYSE: ACEL) reported Q4 revenue for the quarter came in at $74.41 million versus the consensus estimate of $80.83 million.

Accel Entertainment CEO Andy Rubenstein commented, “We are pleased to have achieved strong financial results for both the fourth quarter and full year 2020, despite industry-wide complexities resulting from the COVID-19 pandemic. Our asset-light business model was key to allowing us to end the year stronger than ever, and execute on our growth plans to secure additional scale, as illustrated by our recent acquisition of American Video Gaming. As a result of these efforts we have begun 2021 with a strong tailwind, achieving the highest revenue month in our history in February. We’re confident we are well-positioned to continue this success as the market recovers and we remain focused on delivering a safe, yet comfortable gaming experience for our players.”

For earnings history and earnings-related data on Accel Entertainment (ACEL) click here.

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