INTERNATIONAL GAME TECHNOLOGY PLC REPORTS THIRD QUARTER 2024 RESULTS REFLECTING CONTINUING OPERATIONS AFTER ANNOUNCED SALE OF GAMING & DIGITAL
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International Game Technology PLC (IGT) reported its Q3 2024 results, highlighting a revenue of $587 million and an operating income of $110 million, which includes a $38 million restructuring charge. The company is focusing on its lottery business after the sale of its Gaming & Digital segment. IGT's adjusted EBITDA was $264 million with a margin of 44.9%.

November 12, 2024 | 12:00 pm
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International Game Technology PLC reported Q3 2024 results with a focus on its lottery business after selling its Gaming & Digital segment. The company achieved $587 million in revenue and $110 million in operating income, including a $38 million restructuring charge.
IGT's financial results indicate a strong focus on its core lottery business, which is likely to be positively received by investors. The restructuring charge suggests proactive management, and the high adjusted EBITDA margin highlights profitability. The sale of the Gaming & Digital segment allows IGT to concentrate on its most profitable operations, which could lead to positive short-term stock performance.
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