Double-digit growth for L&W results

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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.

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“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.”

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