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Sep 30, 2022
Light & Wonder Q3 2022 Earnings Report
Light & Wonder reported strong double-digit consolidated revenue growth, completed the sale of its Sports Betting business, and returned capital to shareholders.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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