IGT has reported financial results for the third quarter, marking the first reporting period where the results of the Gaming & Digital business are classified as discontinued operations.
The sale of Gaming & Digital was announced on July 26 in a transaction expected to close by the end of the third quarter of 2025. IGT
"Our third-quarter and year-to-date performance underscores the strength and resilience of our business model marked by our scale, attractive margin structure and strong cash generation," said Vince Sadusky, CEO of IGT.
"Over the first nine months, we generated $1.9bn in revenue, led by steady Italy growth and improved third quarter trends in the US.
"We are excited to build upon a solid foundation as we transform into a leaner, more focused global lottery pure play and capitalise on attractive industry dynamics."
"Sustained cash flow generation in the first nine months was predominantly driven by continuing operations," said Max Chiara, CFO of IGT.
"The value of IGT is enhanced on a go-forward basis by a low pro forma leverage profile and by the launch of a cost optimisation initiative as we look to right size the organisation while supporting long-term growth initiatives."
