$ £

IGT Releases Third Quarter Fiscal Results

Nevada based gaming giant International Game Technology has released its third quarter 2013 financial results, noting a jump in overall revenues despite interactive numbers being down by double digits.

Key financial indicators for the period ending June 30th, 2012 were:

  • A total revenue increase of 9% to $579 million, primarily due to substantial increases in North America product sales and social gaming

  • Social gaming revenues increased 105% to $61 million and average revenue per daily active user grew 60% to $0.40

  • GAAP earnings per share from continuing operations increased 56% to $0.25

  • Adjusted earnings per share from continuing operations increased 43% to $0.33

  • Social Gaming revenue amounted to $61.4 million (Q3/2012: $29.9 million) an increase of 105% (13% up compared to the previous quarter)

  • Social Gaming gross margin of 62% (Q3/2012: 61%)

  • Double Down Daily Average Users rose 25% to 1.7 million (flat compared to previous quarter)

  • Double Down Monthly Active Users rose 28% to 6.7 million compared to the same period in 2012 (up 6% compared to the previous quarter).

  • Average bookings per DAU increased 60% over the same quarter last year and 8% from the prior sequential quarter to $0.40.

  • Interactive revenue amounted to $11.1 million, down 15% (Q3/2012: $13.1 million).

  • Interactive gross margin of 65% compared to 32% in 2012, a 103% variation.

Commenting on her company's performance IGT CEO Patti Hart said, “We are pleased to report another quarter of strong financial performance demonstrated by growth in revenue, operating income and EPS. Our momentum continues and is bolstered by our focused attention on the execution of our business strategy and positive leverage from the broad distribution of our best-in-class content.”

Share this