Light & Wonder Q2 revenue up 20% to $731M, net income $5M; to buy remaining SciPlay stake for $22.95/share

Light & Wonder, Inc.

2023-Q2 EPS reported $0.22 revenue$1,400,000,000

Q2 consolidated revenue $731M (+20% YoY); net income $5M vs prior-year loss $150M.
Gaming revenue $471M (+21%); SciPlay record $190M (+19%); iGaming record $70M (+17%).
Net debt leverage ratio improved to 2.9x, lowest in recent history; strong cash flow.
Agreed to acquire remaining ~17% of SciPlay for $22.95/share in all-cash transaction.
CFO Connie James indicates tenure ending; ASX listing completed in May 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Light & Wonder, Inc. reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, Light & Wonder, Inc. (the “Company”) issued a press release announcing, among other things, results for the three and six months ended June 30, 2023.

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Source: SEC EDGAR

accession 0000750004-23-000030

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