Mar 31, 2023

Light & Wonder Q1 2023 Earnings Report

Light & Wonder reported consolidated revenue growth, driven by double-digit growth across all businesses, including record revenues for SciPlay and iGaming.

Key Takeaways

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.

Consolidated revenue grew by 17% year-over-year.

Gaming revenue increased by 18%, driven by Gaming machine sales.

SciPlay and iGaming both achieved record quarterly revenue.

Net debt leverage ratio was 3.1x, within the targeted range.

Total Revenue
$670M
Previous year: $572M
+17.1%
EPS
$0.23
Previous year: $0.26
-11.5%
SciPlay ARPDAU
$0.89
Previous year: $0.74
+20.3%
Gaming machine sales price
$18.7K
Previous year: $17.1K
+9.6%
Gross Profit
$468M
Previous year: $412M
+13.6%
Cash and Equivalents
$931M
Previous year: $496M
+87.7%
Free Cash Flow
$74M
Previous year: -$83M
-189.2%
Total Assets
$6.02B
Previous year: $7.95B
-24.3%

Light & Wonder

Light & Wonder

Light & Wonder Revenue by Segment

Forward Guidance

Preparing for potential Australian Securities Exchange (“ASX”) secondary listing.