International Game Technology Plc (IGT) has released its financials for the first quarter of 2019 and, as has been seen with a lot of gaming companies recently, there is some good news and some bad news. Profits are up year-on-year, but revenues are down.

NYSE-listed IGT announced its results yesterday in London and specified that it had picked up a net profit of $40.3 million for the quarter. This was a substantial increase over the $103.2 million it lost in the first quarter of last year. However, revenue dipped 5%, falling from $1.21 billion to $1.14 billion year-on-year.

EBITDA (earnings before interest, taxes, depreciation and amortization) dropped, as well in the quarter. Dropping 4%, it sunk to $416.67 million, compared to the $436.16 million IGT reported for the same period last year.

According to IGT CEO Marco Sala, in a prepared statement submitted with the earnings report, “Our first quarter results confirm the consistent growth profile of our global lottery business and the progress we’ve made in sales of gaming machines.”