Light & Wonder revenue tops $2.5bn in 2022

Finance News

Light & Wonder’s gaming revenue increased to $438 million, up 18% compared to the prior year period.

Online gaming revenue increased 15% and AEBITDA grew 27% from the prior year period reflecting continued growth momentum in the U.S. market.

Fourth quarter consolidated revenue was $682 million compared to $580 million, an 18% increase relative to the prior year period driven by double-digit growth across all lines of business, with Gaming maintaining strong momentum. Revenue also benefited from year-over-year growth at SciPlay, which reached another quarterly record, while iGaming revenue increased 15% or 22% on a constant currency revenue basis.

Group revenue was $2,512 million compared to $2,153 million, a 17% increase relative to the prior year. Growth was primarily driven by double-digit revenue growth in gaming.

Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, “2022 was a pivotal year for Light & Wonder. We delivered on an ambitious and transformative plan while driving operational success and double-digit growth in our business.

“We are excited about our future and see strong momentum continuing in the business in the year to come. Our industry leading talent, games and technology put us in a strong position to deliver on our product roadmap, capitalize on the enormous opportunities ahead and lead in the convergence of gaming.”