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Jun 30, 2023
Light & Wonder Q2 2023 Earnings Report
Light & Wonder's Q2 2023 results were driven by double-digit growth across all businesses.
Key Takeaways
Light & Wonder reported a strong second quarter in 2023, with consolidated revenue growth of 20% year-over-year, fueled by double-digit growth across all business segments, including record revenues for SciPlay and iGaming. The company also reduced its net debt leverage ratio and commenced trading on the Australian Securities Exchange.
Consolidated revenue increased by 20% year-over-year, marking the ninth consecutive quarter of growth.
Gaming revenue grew by 21%, driven by strong gaming machine sales.
SciPlay and iGaming achieved record quarterly revenues, with increases of 19% and 17%, respectively.
Net debt leverage ratio decreased to 2.9x, within the targeted range of 2.5x to 3.5x.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report, but the executives expressed optimism about the company's continued execution of its core strategy and product roadmap.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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