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Light & Wonder Posts Positive Q3 Growth

November 11, 2022 3

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Light & Wonder Posts Positive Q3 Growth

The gambling product and service company, Light & Wonder, have just revealed their Q3 report showing positive growth of 20% from 2021. The company reported revenue of $648 million for Q3 with the help of SciPlay which hit a new quarterly record. ABITDA also grew 16% from 2021 to $235 million as Light & Wonder continue their expansion into the gaming sector. A quote from the companies CEO Matt Wilson states, “With the sale of the Sports Betting business, we have rapidly delivered on our promise to transform our business and streamline our organization… We have a unique collection of assets that are powered by games, technology, and our amazing teams. Our strengthened balance sheet pits us in a great position to build on our momentum and capture the incredible opportunities in front of us.”

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