Light & Wonder Q3 2022 Earnings Report
Key Takeaways
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.
Completed the sale of Sports Betting business for approximately $800 million in gross proceeds.
Delivered double-digit topline growth, driven by Gaming, iGaming, and SciPlay.
Achieved net debt leverage ratio of 3.1x, within the targeted range.
Returned $241 million of capital to shareholders through share repurchases.
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Light & Wonder Revenue by Segment
Forward Guidance
The company is focused on operational excellence and generating strong cash flows to create value in the next chapter for Light & Wonder and to drive sustainable growth and competitive differentiation.