International Game Technology PLC Reports Q1 2025 Results

International Game Technology PLC (IGT), a leading U.S.-based company in the design, development, manufacturing, and distribution of computerized gaming equipment, has released its Q1 2025 financial results. The company, listed on the New York Stock Exchange, reported a decrease in its first-quarter profit compared to the previous year. The bottom line for Q1 2025 was $27 million, or $0.13 per share, down from $82 million, or $0.40 per share, in the same quarter last year.

The company’s earnings call, held on May 13, 2025, highlighted several key points. IGT’s non-GAAP EPS of $0.09 missed expectations by $0.19, and revenue of $583 million fell short by $44.84 million. The company attributed these misses to margin pressures and weaker jackpot sales, compounded by macroeconomic headwinds. As a result, IGT has trimmed its outlook for the fiscal year.

Despite these challenges, IGT announced a dividend of $0.20, signaling confidence in its long-term financial health. The company also emphasized its strong liquidity position, with total liquidity of $2.2 billion. Global same-store sales increased by 1.4% when normalized for calendar effects, and there was a higher volume of instant ticket printing compared to the previous year. Additionally, IGT successfully executed a €1 billion term loan, further strengthening its financial standing.

During the earnings call, IGT’s management discussed the resilience of its lottery business, which showed positive performance despite the headwinds affecting jackpot sales. The company now expects its FY25 revenue and adjusted EBITDA to be at the low end of its previous guidance.

IGT’s stock, which closed at $17.22 on May 8, 2025, has experienced volatility, with a 52-week high of $24.13 on July 30, 2024, and a low of $13.81 on April 6, 2025. The company’s market capitalization stands at approximately $3.32 billion, with a price-to-earnings ratio of 20.7775.

As IGT navigates the current economic landscape, it remains focused on leveraging its core strengths in gaming technology and maintaining its competitive edge in the consumer discretionary sector.