Fubotv earnings beat by $0.10, revenue topped estimates
EVRI, also known as Global Cash Access Holdings Inc (NYSE:EVRI), has reached a new 52-week high, with its stock price soaring to $13.72. With a market capitalization of $1.18 billion, InvestingPro data shows the company maintains impressive gross profit margins of 80%. This milestone reflects a significant period of growth for the company, which has seen its stock value climb by an impressive 30% over the past year. Investors have shown increased confidence in EVRI’s market position and future prospects, with analyst price targets ranging from $14.00 to $14.25. According to InvestingPro, which offers 12 additional valuable insights about EVRI, the stock is currently trading at Fair Value. The company’s strategic initiatives and strong financial results, including a robust free cash flow yield, are likely factors that have fueled this upward trajectory, catching the attention of both retail and institutional investors. Discover more detailed analysis in EVRI’s comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Everi Holdings Inc. announced a major executive transition and cleared a significant regulatory milestone in its proposed transaction with International Game Technology PLC (NYSE:IGT) and Apollo Global Management (NYSE:APO), Inc. The company’s Chief Financial Officer, Mark F. Labay, is set to become the Chief Integration Officer at Newco, a part of a broader executive restructuring linked to Everi’s impending merger and acquisition activities. This transition is expected to close by the end of the third quarter of 2025.
The agreement outlines a transaction that will see Everi and IGT’s Gaming & Digital business acquired by a new holding company owned by funds managed by affiliates of Apollo Global Management, Inc. The combined enterprise will be organized into three business units: Gaming, Digital, and FinTech. Hector Fernandez is expected to lead as Chief Executive Officer of the new entity by the fourth quarter of 2025.
In addition, Everi successfully cleared a crucial regulatory hurdle as the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) waiting period expired, bringing the proposed transaction one step closer to completion. However, the completion of the proposed transaction is still subject to various conditions, including obtaining necessary gaming and regulatory approvals. Despite these developments, Everi Holdings Inc. advises investors not to place undue reliance on these forward-looking statements as there can be no assurance the transaction will be consummated.
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