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Dec 31, 2022
Light & Wonder Q4 2022 Earnings Report
Light & Wonder reported double-digit consolidated revenue growth of 18% in Q4 and returned $413 million of capital to shareholders through share repurchases.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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