Revenue of $2.04 billion was down 44% sequentially and down 33% year on year, reflecting challenging market conditions. Today, we will share with you more details on our Q2 results and Q3 outlook. As we had indicated in our pre-announcement press release on August 8, we experienced a shortfall to our expectations driven primarily by weaker Gaming revenue. Total revenue of $6.7 billion was down 19% sequentially and up 3% year on year, below the $8.1 billion outlook we provided on our last earnings call. With that, let me turn the call over to Colette.Ĭolette Kress - Executive Vice President and Chief Financial Officer You can find the reconciliation of these non-GAAP financial measures to GAAP financial measures in our CFO commentary, which is posted on our website.
Except as required by law, we assume no obligation to update any such statements.ĭuring this call, we will discuss non-GAAP financial measures. All our statements are made as of today, August 24, 2022, based on the information currently available to us. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent forms 10-K and 10-Q and the reports that we may file on Form 8-K with the Securities and Exchange Commission.
These are subject to a number of significant risks and uncertainties, and our actual results may differ materially.
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