Third-quarter revenues at Scientific Games increased 77.3 per cent on the previous year, the company announced.
The gaming group’s revenue topped $415.6m, up from $234.4m in the corresponding three-month period in 2013. It attributed the growth to the contribution of the recently acquired gaming company WMS and an increase in lottery revenue.
EBITDA increased $38.3m year-on-year to $128.2m, although the company incurred a net loss of $69.8m, some of which relate to the costs associated with its pending acquisition of Bally Technologies.
"During the quarter, the company generated $126m of cash flow from operations, which after $62m of capital expenditures resulted in $65m of free cash flow," said Gavin Isaacs, president and CEO. "While our operating results still require further improvement to achieve the level of performance we expect, we believe we are making solid progress in utilisation of working capital, implementation of WMS-related integration initiatives, strengthening the organisation-wide focus on disciplined cost management and directing capital allocation only toward our highest-return opportunities."
For the nine months to September 30, revenue at the company increased $531.6m from the prior-year period to $1.2bn. EBITDA increased to $383.1m from $252.0m.
