secwatch.observer — SEC 8-K summary
======================================

Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000750004-22-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000422000031/0000750004-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000422000031/sgms-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000750004-22-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer