NYX boosts Q3 revenue growth for Scientific Games
Scientific Games has reported a 7% year-on-year rise in Q3 revenue to $821m, thanks to $46.5m in revenue from NYX Gaming Group.
The supplier completed its acquisition of NYX in January and its contribution was notable during Q3, alongside growth in Scientific Games’ Lottery and Social businesses.
Overall, a net loss of $351.6m was reported, compared to $59.3m during Q3 2017, but this included $309.6m in legal fees owed to Shuffle Tech.
Scientific Games was ordered to pay the group of rival companies in August after losing a US antitrust case. However, this has not yet resulted in any cash outflow as the verdict is subject to appeal.
Consolidated attributable EBITDA rose by 9% to $325.7m, with the consolidated attributable EBITDA margin growing from 38.9% to 39.7%.
Net cash provided by operating activities also increased to $223.5m, a 104% rise, while Scientific Games is considering an initial public offering of a minority interest in its social gaming business in 2019.
Barry Cottle, CEO and President of Scientific Games, said: “We are very pleased with the growth we are seeing across our businesses as we continue to lead our industry into the future.”
Michael Quartieri, Chief Financial Officer of Scientific Games, added: “This quarter marks our twelfth consecutive quarter of year over year growth in revenue and Consolidated AEBITDA.”
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