IGT PLC Reports Third Quarter 2022 Results
⏱ 2 min read
(London).- International Game Technology PLC ("IGT") reported financial results for the third quarter ended September 30, 2022.
"IGT's organization along three business segments enables our teams to be focused on developing and delivering best-in-class products and services," said Vince Sadusky, CEO of IGT. "The accomplishments are evidenced in accelerated revenue and profit expansion in the third quarter, achieving the top-end of our margin outlook. Customer and player demand trends remain encouraging and IGT's suite of innovative products and solutions has never been better. In addition, we reached the lowest debt leverage in the Company's history, while returning a record $224 million in capital to shareholders so far this year."
"Our strategy to innovate, optimize, and grow is fueling progress across the portfolio," said Max Chiara, CFO of IGT. "Robust year-to-date cash flows and proceeds from the sale of the Italy proximity payments/commercial services business, in addition to proactive liability management, enabled us to reduce debt to the lowest level ever. This enhanced credit profile provides greater financial flexibility to execute on the broadened, balanced capital allocation strategy presented at the Investor Day last November."
Overview of Consolidated Third Quarter 2022 Results
Quarter Ended | Y/Y | Constant | |||
All amounts from continuing operations | September 30, | ||||
2022 | 2021 | ||||
($ in millions) | |||||
GAAP Financials: | |||||
Revenue | |||||
Global Lottery | 626 | 652 | (4) % | 4 % | |
Global Gaming | 379 | 289 | 31 % | 34 % | |
Digital & Betting | 54 | 43 | 27 % | 34 % | |
Total revenue | 1,060 | 984 | 8 % | 14 % | |
Operating income (loss) | |||||
Global Lottery | 211 | 234 | (10) % | — % | |
Global Gaming | 65 | 31 | 107 % | 113 % | |
Digital & Betting | 12 | 12 | (5) % | (3) % | |
Corporate support expense | (36) | (26) | (38) % | (57) % | |
Other(1) | (41) | (40) | (1) % | (2) % | |
Total operating income | 211 | 212 | — % | 9 % | |
Operating income margin | 20 % | 22 % | |||
Net cash provided by operating activities | 236 | 113 | 109 % | ||
Cash and cash equivalents | 401 | 435 | (8) % | ||
Earnings per share - diluted | $1.30 | $0.31 | 319 % | ||
Non-GAAP Financial Measures: | |||||
Adjusted EBITDA | |||||
Global Lottery | 310 | 347 | (11) % | (1) % | |
Global Gaming | 96 | 64 | 50 % | 55 % | |
Digital & Betting | 16 | 15 | 4 % | 6 % | |
Corporate support expense | (19) | (19) | 1 % | (23) % | |
Total Adjusted EBITDA | 402 | 407 | (1) % | 7 % | |
Adjusted EBITDA margin | 38 % | 41 % | |||
Adjusted earnings per share - diluted | $0.43 | $0.38 | 13 % | ||
Free cash flow | 163 | 66 | 148 % | ||
Net debt | 5,075 | 6,109 | (17) % | ||
Categoría:Gaming
Tags: Sin tags
País: United Kingdom
Event
SiGMA North America 2026
01 de September 2026
Jordi Sendra, CEO of Alea: "Latin America is one of our most important regions"
(Mexico City, SoloAzar Exclusive).- The CEO of Alea analyzes the company's participation in SiGMA North America, the potential of Mexico and Brazil and the growth opportunities in North America and Latin America. It also reviews the new features presented during the event, including the new sportsbook vertical and Alea Jackpot.
Wednesday 23 Sep 2026 / 12:00
CP Games at SiGMA North America: Localization, Integration, and Regional Growth
(Mexico City, SoloAzar Exclusive).- Following a successful showcase at SiGMA North America, Caio Ruiz, Head of Growth and Strategic Partnership at CP Games, reflects on the event's key takeaways. He discusses the critical need for localized strategies across the Americas, the importance of flexible technical integrations, and the company's next steps in navigating the diverse gaming landscapes of LatAm and North America.
Tuesday 22 Sep 2026 / 12:00
"Our focus for growth is in Mexico and the rest of LatAm", Alberto Alfieri, Co-Founder of Blokotech
(Mexico City, SoloAzar Exclusive).- Following their success at SiGMA North America—where they secured the Best Casino Platform 2026 award—Blokotech's co-founder discusses growth opportunities in Mexico and the broader region. He also highlights the platform's latest AI-driven innovations and outlines the next phases of the company's expansion strategy.
Tuesday 22 Sep 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
