International Game Technology has reported its best first-quarter performance in four years.
The Reno, Nev.-based slot giant said an increase in overall income was spurred by North American sales and social gaming, although leased game operations saw a 4% decline, partly caused by lower revenues for its MegaJackpots titles.
Revenue was up 19% over the first fiscal quarter of 2012, from US$445.5 million to $530 million, while income from North American product sales jumped 54%, attributed mainly to an increase in sales of video lottery terminals in new markets in Canada and the United States.
Social gaming revenue increased 15% sequentially to $41 million, as IGT’s Double Down Casino became the third-largest-grossing app on Facebook and the No. 6 highest earning app on the iPad.
“We are making progress in many areas,” CEO Patti Hart said. “In a challenging environment, our franchise continues to lead the market. We are building on a stable foundation that will only get better.”
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