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Light & Wonder sets new records with first-quarter results

Light & Wonder has delivered yet another strong quarter, marking its 12th consecutive period of yearly revenue growth, as gaming revenue topped $476 million – a 14 percent yearly increase.

The group announced the results late on Wednesday, indicating total revenue of $756 million and net income of $82 million (up 203.7 percent).

Gaming machine sales increased by 30 percent, to $205 million, while gaming systems operations were up 9 percent, to $60 million and table products rose just 2 percent, to $47 million.

The group notes that machine sales saw strong growth in Asia and ‘continued momentum in Australia’.

The group also saw its AEBITDA rise by 13 percent yearly due to the revenue growth.

International unit shipments rose by some 45 percent yearly, to over 5,200, ‘drive by continued strength in Australia, replacement sales in Macau, as well as new and expansion units in the Philippines and South Korea’.

The group notes that North American replacement units rose by 14 percent yearly, to roughly 4,300, ‘primarily driven by shipments to adjacent markets’.

The group’s SciPlay arm also saw revenue rise by some 11 percent, driven by four primary titles, hitting $206 million and achieving a 15 percent yearly rise in AEBITDA, to $62 million, due to ‘continued player engagement and higher monetization in the social casino business’.

SciPlay, Light & Wonder

In iGaming, the 14 percent yearly increase in revenue, a record at $74 million, was ‘primarily driven by continued momentum in the US and international markets, with US GGR up 23 percent ‘driven by market growth and increased volume of land-based content’, while Canada GGR in the segment was up 29 percent – growing for 10 consecutive quarters. AEBITDA was up 9 percent, to $25 million.

Kelsey Wilhelm
Kelsey Wilhelmhttps://agbrief.com
Kelsey Wilhelm is a broadcast, print journalist and editor based in Asia for over 15 years. Focused on content creation, management, cross-cultural exchange and interviews for multi-lingual productions. Writing focus on gaming, business, politics, culture and heritage, events and celebrities, subcultures, music, film, art and fashion. Some of Kelsey's specialties are: editing, writing, copy creation, multi-lingual content production, cross-cultural exchange, content creation and management for Asian markets.

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