International Game Technology has shared its financials for the three- and 12-month periods ending December 31, 2024, showing a slip against year-on-year figures.
Revenue for the quarter was US$651m, down from $681m in Q4 2023, with operating income at $179m, down from $197m. Adjusted EBITDA for the period was $290m, down from $316m.
For the whole year, total revenue was $2.51bn, down from $2.53bn in 2023. Operating income was $686m, down from $752m, and Adjusted EBITDA was $1.17bn, down from $1.21bn.
"2024 was a year of momentous transformation with the conclusion of our strategic review and the announced sale of our Gaming & Digital business for $4.05 billion in cash," said Vince Sadusky, CEO of IGT.
"Our unmatched capabilities in developing world-class Lottery solutions and innovative game content support several important investments to drive long-term growth and shareholder returns. We are well-positioned to continue strengthening our global lottery leadership."
Max Chiara, CFO of IGT, added: "We delivered solid financial results in 2024, including robust cash flow generation to invest in the business, reduce debt and return capital to shareholders.
"Our core, recurring business has a compelling low-to-mid single digit growth profile and provides a solid foundation as we head into our next CapEx cycle aimed at securing our portfolio and extending its duration to more than eight years."
