Light & Wonder Q2 revenue $818M (+12%), net income $82M vs $5M; new $1B buyback

Light & Wonder, Inc.

2024-Q2 EPS reported $1.78 revenue$1,575,000,000

Consolidated Q2 revenue $818M (+12% YoY); net income $82M vs $5M a year ago.
Gaming revenue $539M (+14%) on 32% machine sales growth, record installed base expansion.
SciPlay revenue $205M (+8%) with 300 bps margin expansion; iGaming $74M (+6%).
Completed $750M share repurchase program; Board approved new $1B buyback through June 2027.
Net debt leverage ratio 3.0x; Term Loan B repriced in July, cutting annual interest ~$11M.

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