Light & Wonder, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 03:07 am IST
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Light & Wonder, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 731 million compared to USD 648 million a year ago. Net income was USD 75 million compared to USD 328 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to USD 0.14 a year ago. Basic earnings per share was USD 0.83 compared to USD 3.47 a year ago. Diluted earnings per share was USD 0.81 compared to USD 3.42 a year ago.
For the nine months, revenue was USD 2,131 million compared to USD 1,830 million a year ago. Net income was USD 96 million compared to USD 3,645 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to basic loss per share from continuing operations of USD 2.2 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to diluted loss per share from continuing operations of USD 2.2 a year ago. Basic earnings per share was USD 1.05 compared to USD 38.23 a year ago. Diluted earnings per share was USD 1.03 compared to USD 38.23 a year ago.
Light & Wonder, Inc. is a cross-platform global games company with a focus on content and digital markets. The Company's segments include Gaming, SciPlay and iGaming. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming content, products and services. The Company provides its gaming portfolio of products and services to commercial casinos, Native American casinos, wide-area gaming operators such as licensed betting offices (LBOs), arcade and bingo operators in the United Kingdom and continental Europe, and government agencies and their affiliated operators. The SciPlay segment is a developer and publisher of digital games on mobile and Web platforms. The SciPlay segment operates primarily in the social gaming market and hyper-casual space. The iGaming segment provides a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services.
LIGHT & WONDER, INC. 
