I'm surprised LNW isn't up. Fuck.
Light & Wonder, Inc. (LNW)
NasdaqGS - NasdaqGS Real Time Price.
78.07-1.68(-2.11%)
At close: 04:00PM EST
78.90+0.83(+1.06%)<---------

After hours:04:08PM EST
Van BUY!!! These numbers are boffo!
Light & Wonder, Inc. Reports Third Quarter 2023 Results
Thu, November 9, 2023, 4:05 PM EST
Ten Consecutive Quarters of Consolidated Revenue Growth Delivering Increase of 13% Year-Over-Year
Double-Digit Growth Across all Businesses Driving Strong Cash Flow Generation
Maintained Healthy Balance Sheet, Strong Financial Profile and Extended 2025 Debt Maturity to 2031
Returned $112 Million of Capital to Shareholders Through Share Repurchases During the Quarter
Added to the S&P/ASX 200 Index and Closed Merger with SciPlay During the Fourth Quarter of 2023
LAS VEGAS, November 09, 2023--(
BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we," or the "Company") today reported results for the third quarter ended September 30, 2023.
We maintained strong momentum in the third quarter and delivered a tenth consecutive quarter of consolidated revenue growth and fifth consecutive quarter of double-digit growth year-over-year. Consolidated revenue in the quarter grew 13%, maintaining strong margins and cash flow generation as we continued advancing toward our long-term financial targets. The growth was driven by double-digit growth across all of our businesses, including a fifth consecutive quarter of record revenues for SciPlay, and iGaming revenue held at record level:
- Gaming revenue increased 11% compared to the prior year period to $465 million, primarily due to continued momentum in Gaming machine sales, which increased 23% driven by growth in North American and Australian machine sales, coupled with strong performance in North American Gaming operations and Table products.
- SciPlay achieved another quarter of record revenue of $196 million, a 15% increase compared to the prior year period, driven by the core social casino business, maintaining strong payer metrics and once again outpacing the market and gaining share.
- iGaming revenue held at record quarterly level of $70 million, a 21% increase from the prior year period, driven by growth both in the U.S. and international markets.
During the quarter, we returned $112 million of capital to shareholders through share repurchases, and we successfully refinanced $550 million of senior unsecured notes, extending their maturity from 2025 to 2031. On October 23, 2023, we closed the SciPlay merger transaction and acquired the remaining 17% equity interest in SciPlay not already owned by L&W, completing another critical strategic milestone.
Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, "Our tremendous team at Light & Wonder continues to deliver exceptional results with double-digit growth across all three of our businesses for the fourth consecutive quarter. Additionally, we also reached two significant milestones, which included closing the SciPlay transaction and inclusion into the ASX 200 index in Australia.