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Scientific Games' Q3 results show 25% rise in consolidated revenue

Scientific Games' Q3 2021 report shows consolidated revenue from continuing operations of $539m, up 25% year-on-year; combined revenue including discontinued operations was $824m, up 18% year-on-year.

SG logo 2021

Gaming revenue, which increased 47% compared to the prior-year period, was mainly driven by gaming operations growth. IGaming revenue increased 6% and adjusted EBITDA rose 13%, while US revenue increased 109%.

The report mentioned that since the third quarter of 2021, wagers processed through the operator’s iGaming platform increased 87%.

Barry Cottle, President and CEO of Scientific Games, said: "In just the last few months we have made tremendous progress on our strategic pillars, delivering on our promises, and rapidly advancing our vision to be the leading cross-platform global game company.

"Operationally we also made great strides in the quarter, further cementing the turnaround at our gaming business, strengthening our leadership position in iGaming and making great progress expanding in casual at SciPlay. I want to thank all of our teams around the world for their hard work and commitment and for what they have enabled us to accomplish."

Connie James, EVP and CFO of Scientific Games, added: "We have an exciting path ahead of us as we move rapidly to unlock significant value. Our momentum continued this quarter with strong top and bottom-line growth and with strong quarterly cash flow as the teams continued to be laser-focused on productivity.

"We are seeing our company come together and coalesce around a high-performance culture that embraces our bright future, as we pursue our new vision, and I can't thank our employees enough for their dedication and enthusiasm."

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