International Game Technology PLC

NYSE:IGT   3:47:43 PM EDT
+0.76 (+4.85%)
Litigation, Earnings Announcements

DoubleDown Interactive Announces Agreement In Principle To Settle Legal Proceedings Related To The Benson Class Action

Published: 08/29/2022 20:42 GMT
International Game Technology PLC (IGT) - Doubledown Interactive Announces Agreement in Principle to Settle Legal Proceedings Related to the Benson Class Action.
Doubledown Interactive Co Ltd - As a Result of Settlement Agreement, Doubledown Will Accrue a $70.25 Million Expense in Q3 of 2022.
Doubledown - Total of $415 Million Will Be Paid Into Settlement Fund of Which Igt's Units Will Contribute $269.75 Million & Ddi Will Contribute $145.25 Million.
Doubledown - All Members of Nationwide Settlement Class Who Do Not Exclude Themselves Will Release All Claims Relating to Subject Matter of Lawsuit.
Revenue is expected to be $1.01 Billion
Adjusted EPS is expected to be $0.31

Next Quarter Revenue Guidance is expected to be $1.02 Billion
Next Quarter EPS Guidance is expected to be $0.29

More details on our Analysts Page.