Light & Wonder Q3 2020 Earnings Report
Key Takeaways
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.
SciPlay AEBITDA increased by 54% from the prior year to $49 million primarily driven by revenue growth of 30%.
Digital AEBITDA increased nearly 50% from the prior year to $25 million.
Domestic iGaming revenue grew nearly 150% from the prior year period driven primarily by strong growth in New Jersey.
Lottery instant ticket sales are up over 20% for instant game retail sales in the most recent twelve-week period compared to the same period last year.
Light & Wonder
Light & Wonder
Light & Wonder Revenue by Segment
Forward Guidance
The Company expects to be free cash flow positive for the full year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income