IGT reports 3Q 2023 results
Tuesday 31 de October 2023 / 12:00
2 minutos de lectura
(London).- International Game Technology today reported financial results for the third quarter ended September 30, 2023. Today, at 8:00 a.m. EDT, management will host a conference call and webcast to present the results; access details are provided below.
"The strength of our leadership positions across Global Lottery, Global Gaming, and PlayDigital is evident in our third quarter and year-to-date results," said Vince Sadusky, CEO of IGT. "Excellent momentum in key performance indicators is driving revenue growth and even stronger profit expansion. With a compelling pipeline of innovative products and solutions showcased at recent tradeshows, I am confident we can achieve our near and medium-term goals as we focus on unlocking the intrinsic value of IGT's market-leading assets."
"We are pleased with the financial results we delivered in the third quarter, including top-line growth, margin expansion, and strong cash flow generation," said Max Chiara, CFO of IGT. "Our financial position is solid with net debt leverage at a historical low point and already comfortably within our long-term target range, which coupled with no meaningful near-term debt maturities and access to significant liquidity, greatly enhances our balance sheet and creates additional financial flexibility."
Overview of Consolidated Third Quarter 2023 Results
| Quarter Ended | Y/Y Change | Constant Currency Change | |||
| September 30, | |||||
| 2023 | 2022 | ||||
| ($ in millions) | |||||
| GAAP Financials: | |||||
| Revenue | |||||
| Global Lottery | 601 | 626 | (4) % | (7) % | |
| Global Gaming | 409 | 379 | 8 % | 8 % | |
| PlayDigital | 55 | 54 | 1 % | 1 % | |
| Total revenue | 1,065 | 1,060 | — % | (1) % | |
| Operating income (loss) | |||||
| Global Lottery | 206 | 211 | (2) % | (6) % | |
| Global Gaming | 93 | 65 | 42 % | 43 % | |
| PlayDigital | 16 | 12 | 32 % | 36 % | |
| Corporate support expense | (38) | (36) | (7) % | (3) % | |
| Other(1) | (37) | (41) | 8 % | 9 % | |
| Total operating income | 239 | 211 | 13 % | 10 % | |
| Operating income margin | 22.4 % | 19.9 % | |||
| Earnings per share - diluted | $0.46 | $1.30 | (65) % | ||
| Net cash provided by operating activities | 296 | 236 | 25 % | ||
| Cash and cash equivalents | 558 | 401 | 39 % | ||
| Non-GAAP Financial Measures: | |||||
| Adjusted EBITDA | |||||
| Global Lottery | 306 | 310 | (1) % | (6) % | |
| Global Gaming | 135 | 96 | 41 % | 42 % | |
| PlayDigital | 19 | 16 | 16 % | 18 % | |
| Corporate support expense | (27) | (19) | (42) % | (35) % | |
| Total Adjusted EBITDA | 433 | 402 | 8 % | 5 % | |
| Adjusted EBITDA margin | 40.7 % | 38.0 % | |||
| Adjusted earnings per share - diluted | $0.52 | $0.43 | 21 % | ||
| Free cash flow | 181 | 163 | 11 % | ||
| Adjusted free cash flow | 157 | 163 | (3) % | ||
| Net debt | 5,251 | 5,075 | 3 % | ||
| (1) Primarily includes purchase price amortization |
Categoría:Reports
Tags: IGT,
País: United Kingdom
Región: EMEA
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 2025 / 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.