International Game Technology

International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and Digital & Betting segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support. The Global Gaming segment includes iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology. The Digital & Betting segment has full responsibility for the worldwide iGaming and sports betting activities. The company was founded on July 11, 2014 and is headquartered in London, the United Kingdom.

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Earnings data Q4 2024

IGT reports robust Q4 earnings, eyes growth and investment-grade rating

IGT's Q4 2022 performance showcased financial strength, operational excellence, and market leadership across lotteries, gaming, and digital segments.
While facing challenges like supply chain issues and cost inflation, the company aims for continued growth, improved margins, and investment-grade rating aspirations.
Opportunities lie in revenue expansion, cash flow generation, and strategic capital allocation, positioning IGT for sustained success and shareholder value creation.

IGT reports robust Q1 earnings, eyes M&A and global expansion

IGT's Q1 performance reflects strong revenue growth and margin improvement across key segments, underpinning a positive outlook for the full year.
While facing challenges such as rising labor costs and inflation, IGT remains focused on leveraging opportunities in M&A, product innovation, and market expansion.
The company's innovative product offerings, successful games, and strategic initiatives position it well for sustained growth and value creation in the evolving gaming industry landscape.
With a robust balance sheet, liquidity, and a proactive approach to addressing challenges, IGT demonstrates resilience and adaptability in navigating market dynamics and driving long-term success.

IGT reports strong Q2 earnings, evaluates strategic alternatives for growth

IGT's Q2 2023 earnings call highlighted solid financial performance, with revenue growth and margin improvement. The company is progressing towards its 2025 financial targets and remains focused on strategic initiatives to unlock business value. Despite challenges in the Global Lottery segment, IGT is optimistic about growth opportunities and is actively evaluating strategic alternatives.

IGT posts strong Q3 results, eyes growth amid strategic reviews

IGT's Q3 earnings call highlighted robust financial performance, strategic evaluations in progress, and a focus on growth, innovation, and meeting 2025 targets. Despite challenges in PlayDigital revenue and ongoing strategic reviews, the company remains well-positioned to capitalize on opportunities in the Lottery and Gaming sectors.

IGT reports record-breaking earnings, plans strategic spin-off and merger

IGT delivered strong financial performance in Q4 2023, achieving record-breaking results and demonstrating growth across key segments.
The company's strategic initiatives, including the planned spin-off and merger with Everi, highlight a focus on unlocking portfolio value and optimizing business operations.
While facing challenges in specific markets and potential industry slowdowns, IGT remains optimistic about revenue growth and profitability through international expansion and innovation.
With a solid financial foundation, a focus on talent and technology, and a commitment to long-term growth, IGT is well-positioned to navigate market challenges and capitalize on emerging opportunities.

IGT surpasses Q1 revenue expectations, eyes growth amid challenges

IGT's Q1 2024 showcased robust financial performance, driven by strong revenue growth and margin expansion across key segments.
Despite challenges like weather impacts and ongoing Italy Lotto license tender, the company remains optimistic about future growth prospects.
With upgraded revenue outlook, successful game development, and stable digital business, IGT is poised for continued success in 2024.

IGT sells gaming business, focuses on lottery growth and innovation

IGT's Q2 performance was marked by the sale of gaming and digital business, strong lottery segment growth, and positive outlook for future growth. Despite challenges in sale completion and Italy Lotto renewal, the company remains focused on leveraging opportunities for expansion and maintaining financial stability.

IGT reports solid Q3 performance amidst global sales decline

IGT's Q3 2024 performance reflects solid revenue and EBITDA figures, driven by continuing operations and successful game launches.
While facing challenges in global same-store sales decline, the company demonstrated strengths in lottery industry leadership and iLottery sales growth.
Opportunities lie in optimizing operations post-sale, expanding digital gaming offerings, and leveraging increased production capacity for future growth.
IGT's strategic focus on cost optimization and growth initiatives positions the company well to navigate market challenges and drive long-term success.

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International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and PlayDigital segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support. The Global Gaming segment includes iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology. The PlayDigital segment has full responsibility for the worldwide iGaming and sports betting activities. The company was founded in 1990 and is headquartered in London, the United Kingdom.

International Game Technology PLC (NYSE:IGT ) Q3 2024 Earnings Call Transcript November 12, 2024 8:00 AM ET Company Participants James Hurley - SVP of IR Vince Sadusky - CEO Max Chiara - CFO Conference Call Participants Patrick Keough - Truist Jeff Stantial - Stifel David Katz - Jefferies Joe Stauff - Susquehanna Domenico Ghilotti - Equita Operator Hello, and welcome to the International Game Technology Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.

International Game Technology PLC (IGT) Q3 2024 Earnings Call Transcript

Q3'24 revenue of $587 million reflects sustained momentum in Italy and improved U.S. instant ticket and draw game wagers Operating income of $110 million includes $38 million restructuring charge associated with proactively optimizing general & administrative and operating activities following transformational actions over the last several years Adjusted EBITDA of $264 million and Adjusted EBITDA margin of 44.9% highlight attractive profit profile of pure play lottery business Year-to-date cash from operations of $724 million, with $489 million from continuing operations; continuing operations represents over 85% of year-to-date consolidated free cash flow Introducing Q4'24 and FY'24 outlook for continuing operations LONDON , Nov. 12, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the third quarter ended September 30, 2024. This quarter marks the first reporting period where the results of the Gaming & Digital business are classified as discontinued operations.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS THIRD QUARTER 2024 RESULTS REFLECTING CONTINUING OPERATIONS AFTER ANNOUNCED SALE OF GAMING & DIGITAL

Dublin, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The "Top International Gambling Provider Companies Comparison" report has been added to ResearchAndMarkets.com's offering.

Top International Gambling Provider Comparison Report 2024: Evolution vs Aristocrat Leisure vs International Game Technology vs Playtech

Company to deliver top-performing instant ticket games to one of the world's largest lotteries LONDON , Oct. 22, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a three-year contract with La Française des Jeux ("FDJ"), the operator of the French National Lottery, to deliver innovative instant ticket games. This contract was awarded following a competitive procurement process, and reflects a longstanding partnership between IGT and FDJ, built on mutual trust and a shared commitment to global sustainability.

IGT Strengthens Partnership with La Française des Jeux via Three-Year Contract to Launch Innovative Instant Tickets

Company invites WLS attendees to experience the player journey by demonstrating industry-leading lottery products LONDON , Oct. 15, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will present an impressive portfolio of premium lottery solutions at the World Lottery Summit ("WLS") 2024, Oct. 21-24, in Paris. In booth 30 at the Palais des Congrès de Paris, IGT will exhibit its "Future Forward, Growth Driven" approach with a suite of enhanced digital and retail products, compelling new games, popular licensed brands, and pioneering solutions that propel lottery sales and engage new and existing players.

IGT to Showcase Growth-Driving Solutions at the World Lottery Summit 2024

LONDON , Oct. 15, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss third quarter 2024 results for the period ended September 30, 2024 on Tuesday, November 12, 2024. Conference call details: Tuesday, November 12, 2024 8:00 a.m.

International Game Technology PLC to Host Third Quarter 2024 Results Conference Call on Tuesday, November 12, 2024

Company's transformative suite of player-engagement marketing tools wins top prize in prestigious awards program LONDON , Oct. 8, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its IGT PlayDigital™ Engagement Platform won the "Digital Product of the Year" category at the 2024 Global Gaming Awards Americas. Now in its eleventh year, the acclaimed program is held in conjunction with the Global Gaming Expo ("G2E") in Las Vegas and honors the gaming industry's outstanding performers from the previous 12 months.

IGT PlayDigital Engagement Platform Wins "Digital Product of the Year" at the 2024 Global Gaming Awards Americas

LONDON , Oct. 7, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that IGT PlayDigital™ recently released the award-winning Mystery of the Lamp™ game in several U.S. online gaming jurisdictions – New Jersey, Pennsylvania, Michigan and West Virginia. IGT's Mystery of the Lamp game rose to super-star status by achieving high performance in land-based casinos worldwide and winning "Top Performing NEW Premium Game" at the lauded 2024 EKG Slot Awards Show.

IGT PlayDigital Launches Global Sensation Mystery of the Lamp Game in US Online Gaming Markets

Company continues winning streak in premium MLP category with breakout performer Tiger and Dragon achieving Gold in coveted award category; IGT PlaySports and IGT Slot Marker recognized for excellence with Silver awards  LONDON , Oct. 3, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its Tiger and Dragon™ multi-level progressive ("MLP") game won the "Best Slot Product" category in the 2025 GGB Gaming & Technology Awards. Sponsored by Global Gaming Business Magazine, the GGB Gaming & Technology Awards are one of the casino industry's most prestigious awards, recognizing excellence and innovation in technology, products, and services that enhance the gaming experience.

IGT's Tiger and Dragon Multi-Level Progressive Game Wins "Best Slot Product" in 2025 GGB Gaming & Technology Awards

LONDON , Oct. 3, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a 10-year contract extension with the North Carolina Education Lottery ("NCEL"). The contract extension will begin July 1, 2027, and run through June 2037.

IGT Delivers Upgraded Lottery Solutions to North Carolina Education Lottery with 10-Year Contract Extension

Extends success of multi-level progressive sensation Tiger and Dragon™ with new wide-area progressive theme on SkyRise™ cabinet Debuts second game based on "Voice of a Generation" with Whitney Houston I Wanna Dance with Somebody Slots on the Peak65™ cabinet Launches performance-focused, next-generation casino management system with IGT ADVANTAGE™ X solution Spotlights continued leadership in high-limit category with robust core video and stepper portfolio Builds on Wheel of Fortune™ legacy with 11 new Wheel of Fortune slots titles; introduces theme in video poker, electronic table games and video lottery terminal segments LONDON , Sept. 30, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will showcase a spectacular portfolio of games, cabinets and systems innovations at the Global Gaming Expo ("G2E") in Las Vegas, Nev.

IGT Unveils Expansions of Player-Favorite Game Content and Proven Solutions at G2E 2024

Flutter Entertainment PLC

IGT PlaySports and FanDuel Group team up for retail sports betting through 2028 LONDON , Sept. 26, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America's premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT).

IGT Named FanDuel Sportsbooks' Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

Company to unveil dazzling Wheel of Fortune-branded video poker, electronic table games (ETG), video lottery terminal (VLT) and slots content in vibrant "Wheel of Fortune Zone" at G2E LONDON , Sept. 24, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it is extending the success of IGT's Wheel of Fortune™ Slots, one of the most prolific slot themes of all time, to the video poker, electronic table games (ETG) and video lottery terminals (VLT) product categories.

IGT Extends Success of Wheel of Fortune Brand to New Product Categories at Global Gaming Expo 2024

LONDON , Sept. 19, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Shondra DeLoach-Perea, IGT Vice President Field Services, Call Centers and Technology Operations, has been named a recipient of Global Gaming Women's (GGW) 2024 "Patty Becker Pay it Forward Award.

IGT Executive Shondra DeLoach-Perea Honored by Global Gaming Women with Patty Becker Pay it Forward Award

LONDON , Sept. 11, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced the successful pricing of €500,000,000 4.250% Senior Secured Notes due 2030 to be issued by IGT Lottery Holdings B.V.

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES SUCCESSFUL PRICING OF €500,000,000 OF SENIOR SECURED NOTES DUE 2030 AND NOTICE OF REDEMPTION OF ALL ITS 6.500% SENIOR SECURED NOTES DUE 2025

LONDON , Sept. 10, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced a benchmark offering of senior secured notes denominated in euros due 2030 (the "Notes"), by IGT Lottery Holdings B.V.

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES A BENCHMARK OFFERING OF SENIOR SECURED NOTES DUE 2030

IGT builds on success of Powerbucks™ with new omnichannel wide area progressive game for Canada, further differentiates Company as omnichannel innovation leader LONDON , Sept. 4, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently launched its second omnichannel Wide Area Progressive ("WAP") game for Canada, Money Mania slots.

IGT Launches its Second Omnichannel Wide Area Progressive Game in Canada, Money Mania Slots

Company will deliver premier instant ticket games to lottery players in Portugal LONDON , Aug. 22, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a three-year primary instant ticket printing and related services contract with longtime partner Santa Casa da Misericórdia de Lisboa ("SCML"), Portugal's national lottery. The contract was awarded following a competitive procurement.

IGT Signs Three-Year Primary Instant Ticket Printing Contract with Santa Casa da Misericórdia de Lisboa

LONDON , Aug. 7, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Nick Khin has been appointed as IGT President, Global Gaming. Khin previously served as IGT Chief Operating Officer and Senior Vice President, Gaming, since 2015.

IGT Appoints Nick Khin as President, Global Gaming

Monarch Casino & Resort

Atlantis Casino Resort Spa and Monarch Casino Resort Spa are the latest gaming venues to power retail and mobile sports betting with IGT PlaySports technology LONDON , Aug. 5, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it expanded its sports betting footprint in Nevada and Colorado through an IGT PlaySports™ technology and services agreement with Monarch Casino & Resort, Inc. (Nasdaq: MCRI). Per the agreement, the award-winning IGT PlaySports platform and trading advisory services are powering retail and mobile sports betting at Atlantis Casino Resort Spa in Reno, Nev.

IGT Partners with Monarch Casino & Resort Inc. for Sports Betting Expansion in Nevada and Colorado

International Game Technology PLC (NYSE:IGT ) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET Company Participants James Hurley - Senior Vice President, Investor Relations Vince Sadusky - Chief Executive Officer Max Chiara - Chief Financial Officer Conference Call Participants Jeffrey Stantial - Stifel Barry Jonas - Truist Securities Chad Beynon - Macquarie David Katz - Jefferies Joe Stauff - Susquehanna David Hargreaves - Barclays Operator Thank you for standing by, and welcome to the International Game Technology Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

International Game Technology PLC (IGT) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for IGT (IGT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

IGT (IGT) Reports Q2 Earnings: What Key Metrics Have to Say

International Game Technology (IGT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.45 per share a year ago.

International Game Technology (IGT) Tops Q2 Earnings Estimates

Achieved record H1'24 Operating income and Adjusted EBITDA excluding Separation and divestiture costs Delivered Q2'24 revenue of $1.05 billion and Operating income of $230 million, in line with outlook; Adjusted EBITDA was $420 million Best-in-class technology and solutions bolster Global Lottery portfolio while advancing key strategic initiatives; compelling games driving Gaming & Digital performance Generated over $460 million in cash from operations and over $260 million in free cash flow in the first half of the year LONDON , July 30, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the second quarter ended June 30, 2024. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS SECOND QUARTER 2024 RESULTS

IGT (IGT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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