IGT’s strong second quarter results

Home » IGT’s strong second quarter results

The “vitality of our portfolio” highlighted a strong second quarter from IGT, said CEO Marco Sala this week.

The slots manufacturer reported revenue up 74 per cent to $1bn with a 35 per cent global lottery sales growth noted. Operating income was $244m and net income $365m. This figure incorporated a $39m loss from continuing operations and income from discontinued operations of $404m.

Adjusted EBITDA was up 170 per cent to $442m, which was among the highest in the company’s history.

Sala said: “The impressive second quarter results highlight the vitality of our portfolio. There was an outstanding lottery performance, the progressive recovery in land-based gaming and strong increase in digital and betting activities drove substantial revenue and profit growth, delivering adjusted EBITDA that is among the highest recorded in a quarterly period.

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“On the strength of the first half performance, we are raising our outlook for the year and now expect to exceed 2019 levels for key financial metrics this year.”

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