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Sep 30, 2020
Light & Wonder Q3 2020 Earnings Report
Scientific Games experienced COVID-19 disruptions primarily in the Gaming business unit, affecting comparability to the prior year period. However, Lottery, SciPlay and Digital businesses grew, driven by strategic investments in the Digital space.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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