Light & Wonder Earnings Reports

Light & Wonder, Inc. reported strong performance in Q4 2024 with revenue growth of 4% year-over-year and improvements in net income and earnings per share. The company benefited from growth in gaming operations, systems, and table products.

Light & Wonder reported a 12% increase in consolidated revenue, driven by strong performance across all businesses. The company maintained healthy earnings growth and returned $44 million to shareholders through share repurchases.

Light & Wonder reported a strong second quarter in 2024, with a 12% increase in consolidated revenue driven by growth across all business segments. Gaming revenue rose by 14%, SciPlay by 8%, and iGaming by 6%. The company's net income increased significantly, and they completed a share repurchase program while announcing a new one.

Light & Wonder reported a strong start to 2024, achieving a 13% year-over-year increase in consolidated revenue, driven by double-digit growth across all business segments. The company saw significant growth in gaming machine sales, as well as record revenue in both SciPlay and iGaming.

Light & Wonder reported a strong fourth quarter and full year 2023, with record full year results driven by double-digit growth across all business segments. The company achieved its 11th consecutive quarter of consolidated revenue growth, with a 13% increase in the quarter and 16% for the full year. Light & Wonder also maintained a healthy balance sheet and returned $170 million of capital to shareholders through share repurchases during 2023.

Light & Wonder reported a 13% increase in consolidated revenue for the third quarter of 2023, marking the tenth consecutive quarter of growth. This growth was fueled by double-digit increases across all business segments, including record revenues for SciPlay. The company also refinanced senior unsecured notes, extending their maturity to 2031, and returned $112 million to shareholders through share repurchases.

Light & Wonder reported a strong second quarter in 2023, with consolidated revenue growth of 20% year-over-year, fueled by double-digit growth across all business segments, including record revenues for SciPlay and iGaming. The company also reduced its net debt leverage ratio and commenced trading on the Australian Securities Exchange.

Light & Wonder's Q1 2023 results showed strong momentum with a 17% increase in consolidated revenue, driven by growth across all businesses. SciPlay and iGaming achieved record revenues. The company's net debt leverage ratio was 3.1x, within the targeted range.

Light & Wonder's Q4 2022 results showed strong performance with double-digit revenue growth across all lines of business. The company's strategic transformation has led to a streamlined organization and deleveraged balance sheet. Gaming revenue increased, SciPlay revenue reached a record high, and iGaming revenue also saw growth.

Light & Wonder reported a 20% year-over-year increase in consolidated revenue, driven by growth in Gaming, iGaming, and SciPlay. The company completed the sale of its Sports Betting business for approximately $800 million and repurchased $241 million in shares. Net income from continuing operations was $20 million.

Light & Wonder reported a 5% increase in revenue to $610 million for the second quarter of 2022. The company has made strides in its transformation, including the sale of its Lottery business and a significant reduction in debt, with a net debt leverage ratio declining to 3.6x.

Light & Wonder reported a strong first quarter with a 26% increase in revenue to $572 million. The company closed the sale of its Lottery Business for $5.6 billion, significantly reducing its debt. They also returned $140 million to shareholders through share repurchases.

Scientific Games, soon to be Light & Wonder, reported a 21% increase in fourth-quarter consolidated revenue and a significant rise in consolidated AEBITDA. The company is focusing on de-leveraging, with plans to use the proceeds from the divestiture of its Lottery and Sports Betting businesses to reduce debt and repurchase shares.

Scientific Games reported a strong third quarter with consolidated revenue from continuing operations up 25% year-over-year to $539 million. The company is focusing on de-leveraging and investing in growth following the sale of its Lottery and Sports Betting businesses for $7 billion.

Scientific Games reported strong Q2 2021 results, with significant revenue growth and progress on strategic initiatives. Consolidated revenue increased by 63% year-over-year, driven by growth in Gaming, Lottery, and Digital segments. The company is focused on becoming a leading cross-platform global game company with a focus on content and digital markets, and is moving forward with planned divestitures to optimize its portfolio and deleverage the balance sheet.

Scientific Games reported first quarter 2021 results with a 1% increase in consolidated revenue to $729 million. Lottery, SciPlay and Digital businesses delivered double-digit revenue growth. Net loss was $9 million, and free cash flow increased to $80 million.

Scientific Games reported Q4 2020 results with a revenue of $762 million, a net loss of $84 million, and free cash flow of $72 million. The company experienced sequential improvements in consolidated results driven by Gaming improvements and growth in Lottery, SciPlay and Digital businesses. COVID-19 restrictions impacted the Gaming business, while disciplined cost and balance sheet management drove cash flow improvements.

Scientific Games reported a revenue of $698 million and a net loss of $111 million for Q3 2020. The company's Gaming revenue was negatively impacted by COVID-19 disruptions, while Lottery, SciPlay and Digital businesses grew. Free cash flow increased to $62 million, and available liquidity at quarter-end was $1.2 billion.

Scientific Games reported a decrease in revenue due to COVID-19 disruptions, particularly affecting Gaming and Lottery segments. SciPlay and Digital businesses experienced growth. The company exceeded cash flow expectations through cost containment and cash management. Available liquidity at quarter-end was $943 million, which increased by approximately $200 million subsequent to quarter-end.

Scientific Games reported a 13% decrease in revenue for Q1 2020, impacted by COVID-19 disruptions, particularly in the Gaming segment. The company took significant actions to improve cash flows and preserve liquidity. SciPlay and iGaming showed strength during the stay-at-home environment.

Scientific Games reported a decrease in fourth-quarter revenue to $863 million, driven by lower Gaming revenue. The company experienced a net loss of $37 million, impacted by losses on debt financing transactions and Euro-denominated debt remeasurement. However, digital AEBITDA increased by 75%.