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 (IGT) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.49 per share a year ago.

International Game Technology (IGT) Tops Q1 Earnings and Revenue Estimates

Revenue of $1.07 billion, up 1% from the prior year, driven by strong Global Lottery growth, partially offset by timing of Gaming & Digital product sales Operating income of $256 million in line with the prior year while operating income margin of 24.0% exceeded expectations by approximately 400 basis points; excluding Separation & divestiture costs, operating income increased 7% to a record $273 million and the margin expanded 150 basis points Adjusted EBITDA of $443 million and Adjusted EBITDA margin of 41.5%; excluding Separation & divestiture costs, Adjusted EBITDA was $461 million and the margin improved 80 basis points to 43.1% Upgrading FY'24 outlook on strong Q1'24 results LONDON , May 14, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2024. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FIRST QUARTER 2024 RESULTS

Everi

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Everi Holdings Inc. (NYSE: EVRI) with International Game Technology PLC's (NYSE: IGT) Global Gaming and PlayDigital businesses. Under the terms of the proposed transaction, Everi shareholders are expected to own approximately 46% of the combined company. KSF is seeking to determine whether the merger and the.

EVERI HOLDINGS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Everi Holdings Inc. - EVRI

Evaluate the expected performance of IGT (IGT) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Curious about IGT (IGT) Q1 Performance? Explore Wall Street Estimates for Key Metrics

LONDON , May 8, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it is modernizing video poker across the Netherlands with a 500-unit deployment of PeakBarTop™ cabinets at Holland Casino gaming venues throughout the region. This multi-phase installation started in 2023 and once complete, will account for the largest PeakBarTop installation in Europe.

IGT and Holland Casino Upgrade Video Poker Across the Netherlands with 500 PeakBarTop Cabinets

Company signs five-year contract with Lottery to deploy advanced remote game server and compelling digital instants LONDON , May 8, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a five-year contract with the Atlantic Lottery Corporation ("Atlantic Lottery"), to implement high-performing features and exciting new games for players in Atlantic Canada. As part of the agreement, IGT will deploy its advanced cloud-based remote game server (RGS) and at least 16 digital instant games each year.

IGT to Launch Cloud-Based iLottery Solutions for Atlantic Lottery in Canada

IGT (IGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: International Game Technology (IGT) Q1 Earnings Expected to Decline

LAS VEGAS , April 16, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) and Acres 4.0, Acres Manufacturing Company, and John Acres ("Acres") announced today that effective April 16, 2024, they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced.

Acres and IGT to Resolve all Pending Litigation

LONDON , April 16, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) and Acres 4.0, Acres Manufacturing Company, and John Acres ("Acres") announced today that effective April 12, 2024, they have reached an agreement to resolve all legal disputes between the two companies. Terms of the settlement have not been announced.

IGT and Acres to Resolve all Pending Litigation

LONDON , April 11, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss first quarter 2024 results for the period ended March 31, 2024 on Tuesday, May 14, 2024. Conference call details: Tuesday, May 14, 2024 8:00 a.m.

International Game Technology PLC to Host First Quarter 2024 Results Conference Call on Tuesday, May 14, 2024

LONDON , April 11, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today announced the posting of its Notice of the 2024 Annual General Meeting ("AGM"), accompanying proxy for the meeting, and the 2023 Annual Report and Accounts for the year ended December 31, 2023 to shareholders. The AGM will be held at IGT's registered office, 3rd Floor, 10 Finsbury Square, London, England, EC2A 1AF, on May 14, 2024, at 3:00 p.m.

Notice of 2024 Annual General Meeting and 2023 Annual Report and Accounts

IGT to highlight the Whitney Houston slots WAP game on the SkyRise™ cabinet and debut an array of high-performing core video games, a Class II version of Mystery of the Lamp™, the highly anticipated Tiger and Dragon™ MLP, and more LONDON , April 2, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will showcase its performance-focused portfolio of games and solutions for tribal casinos at the Indian Gaming Tradeshow & Convention ("IGA") 2024, April 9-11 in Anaheim, Calif. Under the theme "We've Got Game," IGT's booth #536 will feature a compelling array of gaming solutions designed to engage players and drive growth.

IGT Introduces Compelling Core Video and Class II Games for Tribal Casinos at Indian Gaming Tradeshow & Convention 2024

International Game Technology has seen a decline in its stock price despite a positive long-term outlook for the business. In its latest fiscal year, IGT reported a 2% increase in revenue, driven by growth in some service revenue and some product sales. IGT's spin-off and merger with Everi Holdings has caused investor dissatisfaction, but the combined company is expected to generate significant revenue and capture cost savings.

International Game Technology: A Compelling Prospect Despite The Market's Disdain

Marco Drago announces intention to step down from board of directors Enrico Drago appointed to IGT Board of Directors, will leave his role as CEO of IGT PlayDigital Gil Rotem to expand role as president of IGT PlayDigital LONDON , March 21, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced that on March 21, 2024, its Board of Directors implemented changes to the Company's Board and executive team. Marco Drago announced today that he will step down from his role as a non-executive director of the IGT Board of Directors.

International Game Technology PLC Announces Executive and Board Leadership Changes

Online slot players in all US states with iGaming can now enjoy popular IGT PlayDigital™ games such as Fortune Coin™ and Cash Eruption™ LONDON , March 14, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its IGT PlayDigital iGaming content library is now available in Rhode Island via the Bally Casino Rhode Island app and on BallyCasino.com. This milestone content deployment makes IGT PlayDigital one of only two suppliers to offer content in all seven U.S. online gaming jurisdictions.

IGT PlayDigital Content Now Live in All Seven US iGaming States with Recent Games Deployment in Rhode Island

LONDON , March 12, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced that its 2023 Annual Report on Form 20-F was filed with the U.S. Securities and Exchange Commission today, March 12, 2024, in accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual. IGT's 2023 Annual Report on Form 20-F includes the Company's audited financial statements for the year ended December 31, 2023.

IGT Announces Filing of Annual Report on Form 20-F with the U.S. Securities and Exchange Commission

International Game Technology PLC (IGT) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for IGT (IGT) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About IGT (IGT) Q4 Earnings

Fourth Quarter 2023 Financial Performance Achieves Outlook: Revenue of $1.1 billion driven by 7% Global Lottery growth Operating income rose 11% to $256 million, with strength across Global Lottery, Global Gaming, and PlayDigital; operating income margin expanded 160 basis points to 22.7% Full Year 2023 Financial Performance Delivers Record Profit on Continued Momentum Across Segments: Revenue of $4.3 billion, up 2% year-over-year and 7% net of Italy commercial services sale, driven by Global Lottery same-store sales growth and a 9% increase in both Global Gaming and PlayDigital Operating income rose 9% to a record $1.0 billion with growth across segments; operating income margin improved 140 basis points to 23.2% Record Adjusted EBITDA of $1.8 billion and Adjusted EBITDA margin of 41.3% Net debt leverage improves to 2.9x, the lowest in Company history Expect full year 2024 revenue of $4.3 billion - $4.4 billion with operating margin of 20% - 21%, including 300 basis point negative impact from separation and divestiture costs LONDON , March 12, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the fourth quarter and full year ended December 31, 2023. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

Get a deeper insight into the potential performance of IGT (IGT) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Wall Street's Insights Into Key Metrics Ahead of IGT (IGT) Q4 Earnings

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of International Game Technology PLC's (NYSE: IGT) Global Gaming and PlayDigital businesses with Everi Holdings Inc. is fair to IGT shareholders. Upon completion of the proposed transaction, IGT shareholders are expected to own approximately 54% of the shares in the combined company. Halper Sadeh encourages IGT shareholders to click here to learn more about their legal rights and option.

IGT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of IGT's Global Gaming and PlayDigital Businesses Is Fair to Shareholders

International Game Technology said on Thursday it was separating its global gaming and playdigital businesses and combining them with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt.

International Game Technology to merge two units with Everi in $6.2 bln deal

Business combination  creates a comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and services Complementary offering coupled with global reach  provides compelling growth prospects with significant synergy opportunities Attractive recurring revenue profile and strong profit margins, balance sheet, and cash flows provide flexibility to allocate capital to drive long-term shareholder value creation IGT CEO Vince Sadusky to lead combined company with executives from both companies in key leadership roles; Everi Executive Chairman Michael Rumbolz to serve as chairman of the board of directors of the combined company IGT Global Lottery business to operate as a pure play global lottery player with focused, compelling business model and optimized capital structure to drive long-term shareholder value LONDON and LAS VEGAS , Feb. 29, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) and Everi Holdings Inc. (NYSE: EVRI) ("Everi") today announced their entry into definitive agreements pursuant to which IGT will separate its Global Gaming and PlayDigital businesses by way of a taxable spin-off to IGT shareholders and then immediately combine such businesses with Everi to create a comprehensive and diverse global gaming and fintech enterprise. Under the terms of the agreements, at closing, IGT shareholders are expected to own approximately 54% and Everi stockholders are expected to own approximately 46% of the shares in the combined company.

IGT's Global Gaming and PlayDigital Businesses to Combine with Everi, Creating a Comprehensive Global Gaming and FinTech Enterprise

Improved rating positions Company in the top five percent of global companies assessed by EcoVadis LONDON , Feb. 15, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has earned a gold medal sustainability rating from EcoVadis, a leading provider of business sustainability ratings. This gold medal rating positions IGT among the top five percent of global companies assessed by EcoVadis for its comprehensive sustainable business practices.

IGT Earns Gold Medal from Leading Sustainability Rating Agency EcoVadis

LONDON , Feb. 14, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss fourth quarter and full year 2023 results for the period ended December 31, 2023 on Tuesday, March 12, 2024.    Conference call details: Tuesday, March 12, 2024 8:00 a.m.

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