International Game Technology has reported its financial results for Q2 2018.
Consolidated revenue was $1,202m, down one per cent from the prior-year quarter.
Adjusted EBITDA rose four per cent to $442m, with adjusted operating income flat to the prior year at $264m.
"The strong second quarter results reflect continued global lottery expansion that is accentuated by disciplined expense management," said Marco Sala, CEO of IGT.
"The North America Lottery and Italy segments each exceeded our expectations in the period. The North America Gaming installed base grew sequentially, and we have a compelling roster of new, for-sale video reel games coming to market in the second half. The strong start to the year gives us confidence we can achieve our 2018 strategic and financial goals."
"With better-than-expected adjusted EBITDA growth of 10 per cent in the first half, we are raising our full-year outlook for the underlying business," said Alberto Fornaro, CFO of IGT. "As a result, we are able to absorb the negative impact of foreign currency translation and maintain the adjusted EBITDA range of $1,700-$1,780m for 2018."
