Scientific Games Report $569 Million Full Year Loss

Scientific Games reported their fourth quarter and full annual earnings with a $90 million loss for the final quarter of the year with revenues of $762 million, which was better than predictions of $719 million for the quarter.

The gaming supplier full year result showed a loss of $569 million on revenues of $2.72 billion.

Barry Cottle, CEO and President of Scientific Games, said, “While 2020 certainly had unforeseen challenges, I couldn’t be more proud of our team for successfully navigating through them. The strong execution coupled with the diversity of our business enabled positive cash flow. As we start off the year, I am truly excited about the team, products, and game franchises that should enable share gains, deal wins, and opportunities to enter new genres. The executive team and our Board are working purposefully to transform our Company, capitalize on the evolving industry trends and deliver outsized returns to our Shareholders.”