IGT reports Q1 revenue of $583m and lowers 2025 outlook
IGT reported Q1 2025 revenue of $583m, down 12% year on year, and said income from continuing operations fell 93% to $8m. The company attributed the results mainly to lower US multi-state jackpot activity and related lottery management agreement incentives, and expects 2025 revenue of about $2.55bn and adjusted EBITDA of about $1.10bn, at the bottom of its prior guidance.
IGT’s lower revenue and income, alongside bottom-of-guidance forecasts, give investors and contract partners reason to reassess financial expectations.