Light & Wonder Q2 2023 Earnings Report

Light & Wonder EPS Results

• Actual EPS: $1.02
• Consensus EPS: $0.33
• Beat/Miss: Beat by +$0.69
• One Year Ago EPS: N/A

Light & Wonder Revenue Results

• Actual Revenue: $731.00 million
• Expected Revenue: $674.33 million
• Beat/Miss: Beat by +$56.67 million
• YoY Revenue Growth: N/A

Light & Wonder Announcement Details

• Quarter: Q2 2023
• Date: 8/8/2023
• Time: N/A

Light & Wonder (NASDAQ:LNW) operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment. It also leases or provides gaming content, gaming machines, and server-based system; sells and supports casino-management system based software and hardware; and licenses proprietary table games content to commercial, tribal and governmental gaming operators. The SciPlay segment develops, markets, and operates social games on various mobile and web platforms, as well as other games in the hyper-casual space. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. The iGaming segment provides a suite of digital gaming content, distribution platforms, player account management systems, and other iGaming content and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. Light & Wonder, Inc. was incorporated in 1984 and is headquartered in Las Vegas, Nevada.