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Jun 30, 2022
Light & Wonder Q2 2022 Earnings Report
Light & Wonder reported second quarter 2022 results, highlighted by a 5% year-over-year revenue increase and significant debt reduction.
Key Takeaways
Light & Wonder reported a 5% increase in revenue to $610 million for the second quarter of 2022. The company has made strides in its transformation, including the sale of its Lottery business and a significant reduction in debt, with a net debt leverage ratio declining to 3.6x.
Light & Wonder delivered consolidated revenue from continuing operations of $610 million, up 5% year-over-year.
The company reduced the principal face value of debt outstanding to $4.0 billion and net debt leverage ratio to 3.6x.
Light & Wonder returned $203 million of capital to shareholders through share repurchases, representing 27% of total program authorization.
The company streamlined the organization with the completed Lottery business divestiture, which closed during the second quarter for $5.7 billion in gross cash proceeds.
Revenue by Segment
Forward Guidance
Light & Wonder is focused on building great games fully cross-platform, taking market share, and unlocking tremendous value in a $70 billion TAM.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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