Scientific Games reports its seventh consecutive quarter of growth

Scientific Games has reported continued revenue growth for the seventh quarter running, driven by the company’s gaming and interactive divisions.

The group’s Q2-2017 results include:

* Revenue up 5 percent y-o-y to $766.3 million, despite an $8 million adverse foreign exchange impact;
* Operating income doubled to $117.3 million, reflecting revenue growth, a more effective organisational structure and lower depreciation and amortisation;
* Net loss declined to $39.1 million from $51.7 million in the prior-year period;
* Attributable EBITDA increased 13 percent year-on-year to $314.8 million;
* Net cash flow from operating activities increased to $168.5 million from $90.8 million a year ago, thanks mainly to a $61.4 million increase in net income.

The group’s Interactive Division reported B2C social gaming revenues up 31.8 percent year-on-year at $91.1 million, and B2B other gaming revenue up 9.8 percent at $15.7 million.

Chief executive officer Kevin Sheehan reported:

“Second quarter results represent our seventh quarter of consecutive year-over-year growth, including $169 million of cash flow from operating activities, as a result of ongoing improvements in our gaming, lottery and interactive operations

“We achieved year-over-year revenue growth in global gaming machine sales, gaming systems, table products and interactive; as well as in U.S. instant games revenue.

“Across the company, we are maintaining a laser focus on executing our strategies and capitalising on our many opportunities.”