International Game Technology’s (IGT) second-quarter revenue increased by 74% to more than $1 billion, driven by strong growth across the board, including a 35% increase in global lottery sales. The company generated $244 million in operating income, demonstrating excellent progress on structural cost savings.
Global lottery revenue increased 58% to $725 million, the second-highest revenue and profit level in segment history, driven by strong player demand. While global gaming revenue increased 126% year on year and 19% sequentially on continued recovery trends.
“Our impressive second-quarter results highlight the vitality of our portfolio,” said IGT CEO Marco Sala. “Outstanding Lottery performance and a strong increase in Digital & Betting activities drove significant revenue resulting in Adjusted EBITDA. This is among the highest in a quarterly period. We are raising our year-end outlook based on the strength of the first-half performance. Hence, we now expect to exceed 2019 levels for key financial metrics this year.”