Light & Wonder Q4 2022 Earnings Report
Key Takeaways
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.
Consolidated revenue increased by 18% compared to the prior year period, reaching $682 million.
Net income was $21 million, impacted by an income tax benefit in the prior year.
Consolidated AEBITDA increased by 23% to $265 million compared to the prior year period.
SciPlay achieved its highest quarterly revenue ever, with a 18% increase from the prior year period.
Light & Wonder
Light & Wonder
Light & Wonder Revenue by Segment
Forward Guidance
The company is excited about its future and sees strong momentum continuing in the business in the year to come.