International Game Technology PLC (IGT), a global leader in regulated gaming, today announced its financial results for the first quarter ended March 31, 2025. The company emphasized strong cash conversion, a robust margin structure, and the impact of lower U.S. multi-state jackpot activity and foreign exchange losses on year-over-year comparisons.
Total revenue reached $583 million, down 12% compared to $661 million in Q1 2024, mainly due to reduced jackpot activity in the U.S., product sales timing, and the strong prior-year base driven by major terminal sales and multi-year software licenses.
Key results:
Adjusted EBITDA: $250 million (42.8% margin)
Operating income: $138 million (23.7% margin)
Income from continuing operations: $8 million (including a $33M non-cash FX loss)
Free cash flow: $92 million, up 204% YoY
Total liquidity: $2.2 billion, including $631 million in cash
Net debt: $5.05 billion, slightly lower than the prior year
Vince Sadusky, IGT CEO, stated:
“Global sales of instant ticket and draw games continue to grow, fueled by innovation and portfolio optimization. While the macro environment remains uncertain, we’re advancing key initiatives for sustainable, long-term value.”
Max Chiara, CFO, commented:
“Our Q1 profit met expectations at constant currency. With soft jackpot activity in the U.S., we anticipate reaching the low end of our full-year guidance. Still, our strong balance sheet supports critical upcoming contract renewals.”
2025 Outlook
IGT now expects:
Full-year revenue: approximately $2.55 billion
Adjusted EBITDA: approximately $1.10 billion
Cash use: approx. $350 million, due to FX impact on Italy Lotto license fee installments
18+ | Juegoseguro.es – Jugarbien.es
