Offers coin-counting machines at stores nationwide.
1800 114th Ave. SE
Bellevue, WA 98004
CEO: Paul Davis
Stock Symbol: CSTR
Coinstar offers automated coin counting machines and DVD rental services at approximately 34,400 DVD kiosks and 19,500 coin-counting kiosks in supermarkets, drug stores, convenience stores and restaurants nationwide.
Coinstar machines can count up to 600 coins per minute. Customers can receive cash payments minus a service free of 9.8% in the U.S. and 11.9% in Canada. This rate may be lower at some stores. Customers can also redeem coins for no fee in exchange for gift certificates at retailers including Amazon.com, iTunes, Starbucks, CVS and JCPenney.
The company also owns Redbox, which rents DVDs and video games at self-service kiosks. DVDs can be rented for $1.20 per night using a credit card. The price was increased from $1 per night on October 31.
Redbox has rented more than 1.5 billion DVDs to date and is available at over 28,000 locations nationwide, including select McDonald’s restaurants, leading grocery, mass merchant and convenience stores, and Walgreens locations in select markets. Many are at same locations with CoinStar machines.
Coinstar reported revenues of $1.43 billion in 2010, a 39% increase from the year before, and net income of $51.0 million.
Coinstar, Inc. was founded in 1991, and the first coin counting machines were installed in 1992 in the San Francisco Bay area.
The company went public in July 1997.
Redbox was founded in 2003 and originally owned by McDonald's. Coinstar purchased 47% of the company in 2005 and then purchased the rest in 2009.
Updated October 29, 2011