Twelfth consecutive quarter of growth for L&W

Light and Wonder has reported its twelfth consecutive quarter of growth with double-digit revenue growth across all businesses.

For the quarter ending March 31, 2024, gaming revenue increased to US$476m, up 14 per cent year-on-year. SciPlay revenue hit a quarterly record of $206m, up 11 per cent year-on-year, while igaming revenue also hit a quarterly record, growing 14 per cent to hit $74m.

“Our strong momentum continued into 2024 across the business with our compelling global product offerings driving game sales growth in North American adjacent markets and in international markets led by Australia and Asia,” said Matt Wilson, president and CEO of Light & Wonder,

“The performance in the quarter validates our execution plan and we expect growth to be further enhanced by key hardware and content launches in both our land-based and digital markets throughout the year.

“Our differentiated product roadmap and targeted commercial strategy enable us to capitalise on growth opportunities beyond our solidified core businesses. We will continue to execute on our initiatives to deliver sustainable growth underpinned by our robust product portfolio and world-class talent.”