International Game Technology PLC (IGT) reported its third-quarter 2024 financial results, reflecting its Gaming & Digital business as discontinued operations for the first time following the announcement of its sale in July 2024. In Q3, IGT reported revenue of $587 million, driven by steady growth in Italy and improved instant ticket sales in the U.S.
Operating income reached $110 million, impacted by a $38 million restructuring charge associated with optimizing general and administrative activities. Adjusted EBITDA was $264 million, with a margin of 44.9%, highlighting the profitability of its lottery-focused business.
IGT introduced its outlook for the fourth quarter and full-year 2024, projecting annual revenue between $2.5 billion and $2.55 billion and adjusted EBITDA of $1.16 billion to $1.18 billion. The company also announced a $40 million cost reduction target by 2026 under its OPtiMa 3.0 program, aimed at optimizing operations following the sale of its Gaming & Digital division.
"Our third-quarter performance underscores the resilience of our business model and strong cash generation," said Vince Sadusky, CEO of IGT. "We are positioning ourselves to capitalize on global lottery market opportunities with a strategic focus on efficiency."
18+ | Juegoseguro.es – Jugarbien.es
