AGS has released its second-quarter highlights for 2021, revealing a total adjusted EBITDA of $32.1 million.
This was a more than 20% increase over Q1 2020, but significantly higher than a $1.2m loss in Q2 2020, and a slight decrease from $35.7m in Q2 2019. Total adjusted EBITDA margin increased to 48 percent in the second quarter, compared to negative 7 percent in Q2 2020, and was consistent with Q2 2019 levels.
AGS’s net loss in the second quarter was $3.9 million, compared to $7.8 million in the first quarter of 2021. It also improved from a net loss of $42.6 million in Q2 2020 and $7.6 million in Q2 2019.
This second quarter saw many more increases, with AGS’s table products’ adjusted EBITDA increasing 79 percent versus Q2 2019. It reached a new quarterly record of $1.4m. Given that it is upon 2019 rather than the pandemic-ridden 2020 period, this is a significant percentage increase.