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IGT Q1-2015 Results
Wednesday January 28,2015 : IGT DELIVERS MIXED BAG IN Q1/2015 RESULTS
Interactive division the star performer
International Game Technology (IGT) delivered its first quarter fiscal year 2015 results Wednesday reporting a 17 percent decline in total revenues despite an extra week compared to the same period last year.
First Quarter 2015 results compared to Q1/2014 include:
- A total revenue decrease of 17 percent to $451 million
- Net income decreased 56 percent to $35 million
- The extra week contributed revenues of $22 million along with $2 million in operating income.
- An increase of 23 percent in social gaming revenues to $79 million and an increase of 11 percent in average DAU to 1.9 million.
- Adjusted earnings per share decreased 24 percent to $0.19
- GAAP earnings per share decreased 55 percent to $0.14
IGT attributed the performance in total revenue to a drop in product sales, partially offset by the increase in social gaming revenue.
IGT Interactive (IGTi) delivered robust results with an increase in combined revenues of 23 percent to $91.5 million. Social gaming revenue increased 23 percent while mobile revenues now comprise 39 percent of total bookings, an increase of 68 percent.
IGTi said the 11 percent increase in DoubleDown’s average DAU was achieved by improving content and fine-tuning player retention and engagement strategies, however average MAU decreased 16 percent to 5.2 million primarily due to increased marketing costs.
"Our continued focus on profitability has resulted in strong gross margins this quarter, including improvements in gaming operations gross margins," said Patti Hart, IGT Chief Executive Officer. "While market challenges remain in the land-based casino business, our DoubleDown social casino generated a double-digit increase in both revenue and average daily active users in the quarter."
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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