Accel Entertainment Reports Record Third Quarter Revenue of $364 Million

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Accel Entertainment Reports Record Third Quarter Revenue of $364 Million

• ACEL

Net Income increases 55% and Adjusted EBITDA increases 12% year-over-year

CHICAGO, Nov. 03, 2026 (GLOBE NEWSWIRE) — Accel Entertainment, Inc. (NYSE: ACEL), a leading locals-focused gaming operator partnering with small businesses, local communities, and state governments to provide entertaining, convenient, and safe gaming experiences nationwide, today announced financial and operating results for the third quarter ended September 30, 2026.

Third Quarter and Recent Highlights:

• Revenue increased 10% to $364 million compared to Q3 ’25

  • Ended Q3 ’26 with 4,705 locations; an increase of 6% compared to Q3 ’25

  • Ended Q3 ’26 with 29,548 electronic gaming machines; an increase of 7% compared to Q3 ’25

• Net income of $21 million for Q3 ’26; an increase of 55% compared to Q3 ’25

  • Included in Net income is a $6 million gain on the change in the fair value of our contingent earnout shares, which is $3.6 million higher than the gain recognized in Q3 ’25. Q3 ’26 also includes a $0.6 million loss on the sale of fixed assets related to asset rationalization

• Adjusted EBITDA increased 12% to $57 million for Q3 ’26 compared to Q3 ’25

• In Q3 ’26, Operating cash flow was $79 million and Free cash flow was $62 million. We received the related refund in Q3 on the $18 million in federal tax credits that we purchased in Q2 ’26 for $17 million.

• Cash and cash equivalents of $294 million, Total debt of $566 million and Net debt of $272 million as of September 30, 2026

• Repurchased approximately 624,000 shares of Accel Class A-1 common stock in Q3 ’26 for $7.2 million

• Illinois revenue, excluding Fairmount Park, increased 7% year-over-year, driven by continued hold-per-day improvement and higher performing location mix

Accel CEO Mark Phelan commented, “We delivered another period of double-digit revenue growth in the third quarter, marking another strong quarter with solid profitability. Third-quarter revenue increased 10% year-over-year a third-quarter record $364 million, while third-quarter net income rose 55% year-over-year. Adjusted EBITDA rose 12% to $57 million, a third quarter record. With the operating leverage inherent in our business model, Adjusted EBITDA again grew faster than revenue, reflecting the quality of our portfolio, disciplined capital deployment and strong execution across our markets.

“Notably, Accel’s core business continues to get stronger while our growth strategy becomes increasingly diversified. In Illinois, excluding Fairmount Park, revenue increased approximately 7% and hold-per-day increased approximately 9%, highlighting the benefits of our strategy to optimize the Illinois portfolio by pruning lower-performing locations and allocating resources toward our strongest opportunities. We also delivered strong third-quarter performances in Georgia, Nebraska and Louisiana, continued expansion in Nevada, and significant momentum at Fairmount Park, where gaming revenue increased approximately 84% year-over-year.