International Game Technology PLC Reports First Quarter 2025 Results

• Q1'25 results confirm sustained player demand for instant tickets, draw games, and iLottery; lower U.S. multi-state jackpot activity & associated LMA impacts, in addition to product sales timing, impact prior year comparisons

• Income from continuing operations of $8 million includes $33 million non-cash impact of foreign exchange translation; margin of 1.4%

• Adjusted EBITDA of $250 million and Adjusted EBITDA margin of 42.8% highlight attractive profit structure of pure play lottery business

• Strong cash conversion and financial condition; ample liquidity to fund important contract renewals

  
  

LONDON (May 13, 2025) – International Game Technology PLC ("IGT" or the "Company") (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2025. Today, at 8:00 a.m. EDT, management will host a conference call and webcast to present the results.

"Global sales of instant ticket and draw games continue to expand, driven by a steady pipeline of game innovation and portfolio optimization strategies," said Vince Sadusky, CEO of IGT. "While the world is currently faced with great uncertainty, we are excited about the initiatives we are working on to drive sustainable, long-term growth and shareholder value."

"First quarter profit was in line with expectations at constant currency and we delivered strong cash conversion," said Max Chiara, CFO of IGT. "Given lower U.S. multi-state jackpot activity and the current worsening macroeconomic environment, we believe it is likely we will be at the low end of the full-year revenue and Adjusted EBITDA guidance provided in February. With a solid financial profile and ample liquidity in advance of important contract renewals, we remain well-positioned for the future."

See the full report here.