2023-03-09 14:15Press release

AGS Reports Record Fourth Quarter 2022 Results

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Fourth Quarter 2022 Highlights:

  • Total Revenue Increased 16% Y/Y to a Record $81.7 Million; Up Sequentially for the Eighth Consecutive Quarter
  • Net Income Reached a Record $2.5 Million
  • Adjusted EBITDA Improved 16% Y/Y to a Quarterly Record $37.3 Million
  • Achieved Year-End 2022 Net Leverage Target of less than 4.0x
  • Domestic EGM Recurring Revenue Grew to a Record $46.8 Million; Up 8% Y/Y and 13% Ahead of Q4 2019
  • Domestic Premium EGM Mix Reached 15% at Year End; Footprint Has Grown for Twelve Straight Quarters
  • Global EGM Sales Eclipsed 1,000 Units for the Second Consecutive Quarter; Highest Level Achieved Since Q4 2019
  • Targeting to Exit 2023 With Net Leverage in the Range of 3.25x to 3.75x

View the full earnings release on AGS' IR site here.

About AGS Newsroom

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, and our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.


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