secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000750004-23-000048
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 $731M (+13% YoY); SciPlay merger closed Oct 23
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000423000048/0000750004-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000423000048/lnw-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000750004-23-000048

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