Double-digit growth for L&W results

Light & Wonder has revealed that Q4 2023 was the company’s sixth consecutive quarter of double-digit growth year-on-year in its latest financial results.

Gaming revenue increased to $496m, up 13 per cent compared to the prior year period. SciPlay revenue rose to $204m, a 12 per cent increase from the prior year period, breaking a quarterly revenue record for the sixth consecutive quarter. Meanwhile, igaming revenue increased 13 per cent to $70m.

For the whole financial year ending December 31, 2023, total revenue came in at $2.9bn, up from $2.5bn through 2022.

For Q4 2023, consolidated AEBITDA was $302m, up from $265m year-on-year, and for the whole year it stood at $1.1bn, up from $913 year-on-year.

Matt Wilson, president and CEO of Light & Wonder, said: “2023 was a banner year for Light & Wonder. Our businesses delivered double-digit growth across the board throughout the year, enabled by strategic investments and strong execution. We consistently leverage a differentiated product strategy and plan to capitalize on the significant growth opportunities ahead of us.

“I am thrilled with the momentum we continue to see in the business, and with our winning mentality, experience, and talent in place, we are well-positioned to continue our growth trajectory. I want to congratulate our team on a successful year and know the best is yet to come.”