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INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

1. IGT reported Q4 revenue of $651M and FY revenue of $2.5B with strong margins. 2. Core business thrived, boosting EBITDA margins and providing solid free cash flow.

Earnings
+2.56%Current Return
VS
-0.51%S&P 500
$17.7702/25 06:42 AM EDTEvent Start
$18.22502/26 01:36 PM EDTLatest Updated
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FAQ

Why Bullish?

IGT’s strong revenue growth, impressive EBITDA margins, and robust free cash flow underscore its solid operational performance. Historical earnings cycles with similar metrics have spurred positive investor sentiment and price appreciation.

How important is it?

The report’s robust financial metrics directly boost market confidence and future prospects, making it highly relevant for IGT’s valuation. Solid margins and recurring cash flows are critical drivers that investors closely monitor.

Why Long Term?

The strong recurring revenue and cash flow generation set a solid foundation for sustained future growth. Similar long-term performance has been observed in past companies with proven lottery and gaming business models.

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SGMSEVRI
Fourth Quarter 2024 Financial Performance achieves outlook: Revenue of $651 million propelled by strong growth in instant ticket and draw game sales across geographies Income from continuing operations of $116 million with associated margin of 17.9% Generated Adjusted EBITDA of $290 million and an Adjusted EBITDA margin of 44.5%, reflecting strong performance of core, recurring business and increased investment in growth initiatives Full Year 2024 Financial Performance achieves outlook: Revenue of $2.5 billion driven by instant ticket and draw game sales in the U.S. & Canada and Italy Income from continuing operations of $271 million with associated margin of 10.8% Delivered Adjusted EBITDA of $1.17 billion; Adjusted EBITDA margin of 46.6% reflects compelling margin structure associated with pure play lottery business Consolidated cash from operations of $1.03 billion including $689 million from continuing operations; strong consolidated free cash flow of $659 million, with over 80% generated by continuing operations Strong core, recurring business provides solid foundation for 2025 LONDON , Feb. 25, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the fourth quarter and full year ended December 31, 2024. Today, at 8:00 a.m.

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