From $139.1m in Q1 2021, New York IGaming Revenue increased by 26.2% year over year.
At $70.3m, gaming operations—which comprised land-based casinos as well as igaming income—made up a 21% increase. Sales of gaming equipment climbed by $10 million to $28 million, therefore generating $98.3 million overall gaming income.
Everi's CEO, Randy Taylor, credited growing sales of its gaming equipment for the accomplishment.
For the gaming segment, adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) climbed by 24.4% to $55.5 million.
Taylor said: "Our games segment results benefitted from ongoing operating momentum as reflected in the twelfth consecutive quarter-end increase in our installed base of gaming operations units and a 56% year-on-year increase in sales of gaming machines to 1,474 units as we continue to grow our ship share."
Comprising the remaining $77.3 million, Everi's financial technology solutions division saw a 22.6% year-on-year rise. Gener most of this: $49.9m, up by 28.9%, from financial access services. Software income amounted to $17.9 million; hardware income came to $9.5 million.
For financial technology, adjusted EBITDA was $34.1 million, 3.3% increase.
"Our financial technology segment produced record revenues and modified EBITDA for the second consecutive quarter," Taylor said.
" Increased revenues from financial access services, strong quarterly kiosk sales, and continuous organic growth of our loyalty and regulatory technology solutions drove the record quarterly performance."
Up by 24.3% year-on-year, total quarterly expenses climbed to $123m.
While costs in the financial technology area climbed by 39.1% to $9 million, costs of revenues for the gaming segment accounted for $22.7 million, a jump of 51.1%.
The rest came from other charges like amortisation at $13.6m, depreciation at $15.2m and research and development costs at $12.5m.
Other running costs came to $49.8 million, a 30.9% increase over last year.
The operational income was $52.5m, up by 30.8%, after accounting for all the expenses.
Other expenses came to $11.3 million, so bringing pre-tax income of $41.2 million.
Following income tax collecting at $9.7 million, the quarter's overall net income was $31.5 million, a 53.5% increase from previous level.
Taylor reported: "We delivered record first quarter financial results, including revenues, net income, adjusted EBITDA and free cash flow."
"Our performance was a strong start to the year and reflects the successful delivery of creative, high-value solutions by our talented global workforce that continue to generate increasing demand due their ability to help our customers grow their businesses and improve their cost efficiencies."
Everi saw several business changes over the period. The company committed in January to purchasing specific assets from Atlas Gaming Technologies. Everi appointed three new members to its board of directors that same month.
In February Everi signed a contract worth up to AU$43m ($30.4m/€26.7m), acquiring payments service Ecash.
