Ags reports third quarter 2023 results

Third quarter  2023  highlights: total revenue increased 14% y/y to $89.4 million; strong growth achieved across all three segments domestic egm recurring revenue grew 6% y/y; far outpacing market-wide ggr trends global egm sales increased more than 30% y/y to 1,345 units interactive revenue reached a record $3.1 million; y/y growth surpassed 20% generated a modest net loss of $156 thousand adjusted ebitda eclipsed $40 million for the first time; adjusted ebitda margin expanded 90bps y/y cash from operations totaled $30 million; free cash flow grew to a record $12.7 million net leverage fell to 3.4x at quarter end; within the targeted year-end range of 3.25x to 3.50x las vegas , nov. 7, 2023 /prnewswire/ -- playags, inc. (nyse: ags) ("ags", "us", "we" or the "company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the third quarter ended september 30, 2023. commenting upon the company's third quarter results, ags president and chief executive officer david lopez said, "we delivered another solid quarter of execution in the third quarter, with our product momentum and focused team producing performance that far exceeded the trends observed across the broader domestic gaming landscape.
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