A record quarter for revenue from SciPlay helped Light & Wonder to increase its full-year revenue for 2022 by 17 per cent on 2021’s efforts.
SciPlay’s revenue rose to US$182m in Q4 2022, an 18 per cent increase from the prior year period.
Meanwhile, gaming revenue rose 18 per cent year-on-year in the latest quarter to $438m, driven by gaming machine sales growth of 41 per cent.
And igaming revenue – which was also a quarterly record – increased 15 per cent from the prior year period in 2021, reflecting continued L&W growth in that market.
Overall, L&W’s revenue for 2022 was $2.5bn compared with $2.1bn in 2021.
Matt Wilson, president and chief executive officer of Light & Wonder, said 2022 was a “pivotal year” for the company as it “delivered on an ambitious and transformative plan while driving operational success and double-digit growth in our business.”
Connie James, chief financial officer of Light & Wonder, added: “We now have a strong balance sheet and clear roadmap to advance with discipline on our balanced and opportunistic capital allocation strategy and elevate Light & Wonder’s value proposition.”