International Game Technology PLC

Latest Results (04.10.2025):

International Game Technology PLC reported its financial results for the fourth quarter of 2024, successfully achieving its outlook with robust income growth and solid Adjusted EBITDA performance despite a slight decline in revenue.

Revenue Performance

For the fourth quarter of 2024, IGT reported revenue of $651 million, representing a 4% decrease compared to $681 million in the prior-year period. This decline was primarily due to comparisons with record product sales revenue in the previous year, although the current quarter marks the second highest quarter for product sales revenue in the company's history.

Income from Continuing Operations

Income from continuing operations surged to $116 million in Q4 2024, up from $73 million in the same quarter of the previous year, achieving a margin of 17.9%. This improvement was driven by lower net interest expenses and favorable foreign exchange gains.

Adjusted EBITDA

IGT generated an Adjusted EBITDA of $290 million for the fourth quarter, resulting in an Adjusted EBITDA margin of 44.5%. This reflects strong performance in the company's core, recurring business and increased investments in growth initiatives.

Full Year 2024 Performance

For the full year 2024, IGT achieved revenue of $2.5 billion, aligned with the prior-year figures. Income from continuing operations reached $271 million with a margin of 10.8%, and Adjusted EBITDA stood at $1.17 billion, maintaining an Adjusted EBITDA margin of 46.6%. The company also generated consolidated cash from operations of $1.03 billion.

Strategic Developments

In 2024, IGT completed a strategic sale of its Gaming & Digital business for $4.05 billion, reinforcing its focus on lottery solutions. The company secured significant contract extensions, including multi-year agreements with Colorado Lottery and expanded services in Europe, underpinning its leadership in the global lottery market.