---
schema_version: "secwatch.filing_event.v1"
accession: "0000750004-22-000024"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:25:57.582363+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Light & Wonder Q2 revenue $610M (+5% YoY); net debt leverage cut to 3.6x; elects new director

## Summary
- Q2 consolidated revenue from continuing ops $610M, up 5% YoY; net debt leverage ratio reduced to 3.6x.
- Closed sale of Lottery business for $5.7B gross proceeds; paid down $4.9B of debt in quarter.
- Repurchased $203M of shares in Q2, representing 27% of total buyback authorization.
- Elected Stephen Morro to board effective Aug 9, 2022; receives 10,000 stock options and $400K immediate-vest RSUs.
- Principal face value of debt outstanding reduced to $4.0B; strong financial flexibility highlighted.

## SEC filing metadata
- accession: 0000750004-22-000024
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000075000422000024/0000750004-22-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000075000422000024/sgms-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750004-22-000024
- JSON: https://secwatch.observer/filing/0000750004-22-000024.json
- Plain text: https://secwatch.observer/filing/0000750004-22-000024.txt

## Key facts
- Executive change
  Stephen Morro was elected as Director at Light & Wonder, Inc..
  - Action: elected
  - Role: Director
  source text: On August 4, 2022, the Board of Directors (the “Board”) of the Company elected Stephen Morro as a director of the Company, effective August 9, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750004/000075000422000024/0000750004-22-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.