Light & Wonder Q3 revenue up 20% YoY; completes sports betting sale for ~$800M

Light & Wonder, Inc.

2022-Q3 EPS reported $38.23 revenue$1,830,000,000

Consolidated revenue grew 20% YoY in Q3 2022, with momentum across all businesses.
Sale of Sports Betting business completed for approx. $800M in gross proceeds.
Net debt leverage ratio of 3.1x, within targeted range; principal debt $3.9B.
Returned $241M to shareholders through share repurchases, 32% of program authorization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Light & Wonder, Inc. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W,” or the “Company”) today reported results for the third quarter ended September 30, 2022.

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Light & Wonder, Inc. filing history →

Source: SEC EDGAR

accession 0000750004-22-000031

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