---
schema_version: "secwatch.filing_event.v1"
accession: "0000750004-22-000031"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:20:49.813438+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000750004-22-000031
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000075000422000031/0000750004-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000075000422000031/sgms-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750004-22-000031
- JSON: https://secwatch.observer/filing/0000750004-22-000031.json
- Plain text: https://secwatch.observer/filing/0000750004-22-000031.txt

## Key facts
- Earnings Releases
  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
  source text: Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W,” or the “Company”) today reported results for the third quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750004/000075000422000031/0000750004-22-000031-index.htm

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