Gaming tech firm International Game Technology (IGT) posted a nine-figure loss in the first quarter of 2018 despite growth across all its business segments.

Figures released this week show IGT’s revenue rising 5% year-on-year to $1.2b in the three months ending March 31, while operating income shot up 65% to $197m. However, the company booked a $103m net loss for the quarter and its net debt rose by over $200m to $7.52b.

That said, $97m of its Q1 loss was due to unfavorable foreign exchange fluctuations, and those ever more forgiving ‘adjusted’ earnings — the ‘my mom says I’m handsome’ of the business world — grew 18% to $436m while adjusted operating income was up 6% to $251m.

IGT’s North America Gaming & Interactive division reported revenue falling 20% to $244m, primarily due to last year’s sale of the DoubleDown Interactive social gaming operation. Absent DoubleDown’s contribution to last year’s result, the division would have improved 3% year-on-year, thanks to product sales rising 26% to $89m.