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IGT Q2 - 2013 Numbers
Friday April 26,2013 : IGT RELEASES Q2-2013 NUMBERS
International Game Technology has posted its Q2-2013 results, showing impressive gains in interactive operations, mainly through the company's social gaming investment in DoubleDown Casino.
The company reported general revenues up by 11 percent to $600 million, with North American sales comprising 25 percent of the total. Adjusted earnings per share soared 33 percent to $0.36, and adjusted operating income increased 13 percent to $164 million. Gross margin increased to 62 percent from 61 percent in the second quarter 2012.
On the interactive side, social gaming revenues increased 31 percent to $54 million, with average revenue per daily active user up 19 percent.
Interactive revenues were up 94 percent compared with Q2-2013 to $66.7 million, with social gaming contributing $54.3 million - a 155 percent rise over the same period in 2012. IGTi contributed 12.4 million - down around 5 percent. Gross margin on interactive was up 13 percent at 61 percent.
DoubleDown casino daily active users increased 25 percent to 1690.
Patti Hart, CEO of IGT, said management was "very pleased" with the results and expected 2013 to be the company's fourth consecutive year of double-digit growth.
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