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.
“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.”