IGT announces US$651 million revenue for Q4
Gaming supplier IGT has announced revenue of US$651 million for the fourth quarter of 2024 and US$2.5 billion for the full financial year.
According to a report published by IGT, fourth-quarter income decreased by 4% compared to the fourth quarter of 2023, which saw record product sales revenue.
However, the current year period still represents the second-highest quarter for product sales revenue in the company’s history.
Operating income for the fourth quarter of 2024 also fell slightly, although revenue from continuing operations reached US$116 million compared to US$73 million in the previous year.
IGT also experienced growth in its instant ticket and draw game sales.
For the 2024 financial year, IGT reported revenue of US$2.5 billion, which is the same as the previous year. Strong same-store sales growth boosted this number.
Operating income was reported as US$686 million, down from US$752 in the previous year. Yet, income from continuing operations increased from US$265 million to US$271 million year-over-year.
Vince Sadusky, Chief Executive Officer at IGT, said, “2024 was a year of momentous transformation with the conclusion of our strategic review and the announced sale of our gaming and digital business for $4.05 billion in cash. Our unmatched capabilities in developing world-class lottery solutions and innovative game content support several important investments to drive long-term growth and shareholder returns. We are well-positioned to continue strengthening our global lottery leadership.”
