IGT revenue rises to $4.2bn

Finance News

International Game Technology on Tuesday reported a fourth-quarter loss of $64 million, after reporting a profit in the same period a year earlier.

For the year, the company reported profit of $275 million, or $1.35 per share. Revenue was reported as $4.22 billion. IGT expects full-year revenue in the range of $4.1 billion to $4.3 billion.

“We achieved all our financial goals last year while strengthening product leadership positions across our Global Lottery, Global Gaming, and PlayDigital activities,” said Vince Sadusky, CEO of IGT. “Important strategic work executed over the last few years has transformed IGT into a company with higher growth prospects, a better profit profile, and a solid path to delivering on our long-term goals.

It has also enabled record capital returns to shareholders in 2022. We enter 2023 from a position of strength with good momentum across business segments.”