Mar 31, 2021

Light & Wonder Q1 2021 Earnings Report

Reported a return to growth driven by strong execution and double-digit growth at Lottery, SciPlay, and Digital.

Key Takeaways

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.

Consolidated revenue increased driven by double-digit growth at Lottery, SciPlay and Digital

Continued operational progress in strategic initiatives

Disciplined cost and balance sheet management, generated $123 million of operating cash flow and $80 million of free cash flow

The Company made a $150 million voluntary repayment on SGI's revolving credit facility subsequent to quarter-end.

Total Revenue
$729M
Previous year: $725M
+0.6%
EPS
-$0.16
Previous year: -$0.7
-77.1%
SciPlay ARPDAU
$0.67
Previous year: $0.49
+36.7%
Gaming machine sales price
$16.6K
Previous year: $15.9K
+4.7%
Gross Profit
$463M
Previous year: $431M
+7.4%
Cash and Equivalents
$967M
Previous year: $334M
+189.5%
Free Cash Flow
$80M
Previous year: $59M
+35.6%
Total Assets
$7.86B
Previous year: $7.46B
+5.3%

Light & Wonder

Light & Wonder

Light & Wonder Revenue by Segment

Forward Guidance

Scientific Games executive leadership will host a conference call on Monday, May 10, 2021, at 8:00 a.m. EDT to review the Company's first quarter results.

Revenue & Expenses

Visualization of income flow from segment revenue to net income