Light & Wonder Q3 revenue $731M (+13% YoY); SciPlay merger closed Oct 23

Light & Wonder, Inc.

2023-Q3 EPS reported $1.03 revenue$2,131,000,000

Consolidated revenue $731M, up 13% YoY; Gaming +11%, SciPlay +15% to record $196M, iGaming +21% to $70M.
Net income $80M vs $20M prior year; net cash from ops $204M.
Returned $112M to shareholders via share repurchases (~1.5M shares) in Q3.
Closed SciPlay merger for $496M (remaining 17% stake) on Oct 23, 2023.
Refinanced $550M notes, extended maturity from 2025 to 2031, reducing annual cash interest by ~$6M.

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 0.9

Light & Wonder, Inc. reported the three and nine months ended September 30, 2023 results: revenue $731, net income 80.

Period: the three and nine months ended September 30, 2023
Revenue: $731
Net income: 80
Result: reported results

Exact text from the filing

referred to as the “Divestitures”) as discontinued operations. Three Months Ended September 30, Nine Months Ended September 30, ($ in millions) 2023 2022 2023 2022 Revenue $ 731 $ 648 $ 2,131 $ 1,830 Net income (loss) 80 20 112 (197) Net income attributable to L&W (3) 75 328 96 3,645 Net cash provided by (used in) operating activities (3) 204 (351) 423

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Source: SEC EDGAR

accession 0000750004-23-000048

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