NASDAQ$LNWO

Light & Wonder Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Light & Wonder demonstrated strong financial performance in Q4 2023, achieving double-digit growth across all businesses and marking the 11th consecutive quarter of consolidated revenue growth.

Light & Wonder reported a strong fourth quarter and full year 2023, with record full year results driven by double-digit growth across all business segments. The company achieved its 11th consecutive quarter of consolidated revenue growth, with a 13% increase in the quarter and 16% for the full year. Light & Wonder also maintained a healthy balance sheet and returned $170 million of capital to shareholders through share repurchases during 2023.

  • Light & Wonder achieved its 11th consecutive quarter of consolidated revenue growth, with a 13% increase in Q4.
  • Gaming revenue increased by 13%, driven by robust Gaming machine sales growth.
  • SciPlay revenue rose by 12%, breaking a quarterly revenue record for the sixth consecutive quarter.
  • iGaming revenue increased by 13%, reflecting continued growth momentum in the U.S. and international markets.

Headline financials

Total Revenue

$771M

Previous: $682M+13.0%
EPS (adj)

$0.73

Previous: $0.12+508.3%
SciPlay ARPDAU

$1.00

Previous: $0.87+14.9%
SciPlay AMRPPU

$113.73

Previous: $99.16+14.7%
Avg Machine Sales Price

$15.5K

No prior period
Capital Expenditures

-$60M

No prior period
Net Income

$67M

Previous: $21M+219.0%
Operating Income

$155M

Previous: $99M+56.6%
Gross Profit

$451M

Previous: $479M-5.8%
R&D Expense

$60M

No prior period
Stock-Based Comp

$33M

Previous: $22M+50.0%

Revenue & EPS history

Light & Wonder · Revenue · Quarterly

$771M

Q4 2023+13%vs Q4 2022
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Light & Wonder · $266M total across 2 segments · Q3 2023

  • SciPlay
    $196M+14.6%
  • iGaming
    $70M+20.7%

Forward guidance

The press release does not contain any forward guidance. Therefore, this section is left empty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-0.1%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.0%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+41.5%

Q2 2017

Best reaction

-19.5%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+1.0%-1.2%
Q4 2025-2.7%-7.6%-14.6%
Q3 2025+8.7%+22.0%+33.2%
Q1 2025-14.0%-5.3%-7.1%
Q4 2024+6.9%+7.9%-12.3%
Q3 2024-10.9%-10.0%-9.8%
Q2 2024+1.6%-0.4%+4.3%
Q1 2024-6.4%-5.9%-0.2%
Q4 2023+2.5%+7.8%+7.4%
Q3 2023+8.9%+8.9%+5.4%
Q2 2023+2.4%+3.9%+4.3%
Q1 2023+2.5%+4.4%+13.2%
Q4 2022+0.9%-0.2%-4.1%
Q3 2022+3.0%+9.2%+13.8%
Q2 2022+3.1%+8.2%-10.8%
Q1 2022+0.3%+9.2%+12.1%
Q4 2021-1.4%-5.6%-6.6%
Q3 2021-2.3%-8.8%-20.1%
Q2 2021+5.1%+9.1%+10.8%
Q1 2021-0.1%+4.3%+34.4%
Q4 2020+6.8%-1.2%-17.7%
Q3 2020-0.2%-1.2%+7.6%
Q2 2020+5.0%+5.8%+21.7%
Q1 2020-11.4%-10.6%+27.4%
Q4 2019-16.4%-17.6%-83.7%
Q3 2019+20.6%+16.6%+5.5%
Q2 2019+0.5%-1.7%-9.6%
Q1 2019+8.6%+6.6%-3.5%
Q4 2018+9.8%+11.5%-19.9%
Q3 2018+4.0%-4.9%-20.9%
Q2 2018-17.7%-27.6%-36.9%
Q1 2018-3.4%-3.1%+11.1%
Q4 2017-12.1%-12.5%-9.6%
Q3 2017+1.7%+1.4%+11.7%
Q2 2017+41.5%+44.1%+29.4%
Q1 2017+3.7%-0.4%+4.1%
Q4 2016+7.4%+3.1%+12.9%
Q3 2016+0.9%+7.0%+31.3%
Q2 2016-11.8%-13.1%-12.6%
Q1 2016-6.7%
Q4 2015+38.7%
Q3 2015-18.8%
Q2 2015-15.9%
Q1 2015-4.8%
Q4 2014-10.6%
Q3 2014+22.9%
Q2 2014-2.7%
Q1 2014-19.5%
Q4 2013+18.0%
Q3 2013+4.1%
Q2 2013+7.8%
Q1 2013-6.2%
Q4 2012-6.9%
Q3 2012-16.2%
Q2 2012-19.4%
Q1 2012+2.4%
Q4 2011-15.8%
Q2 2011-15.8%
Q3 2011+6.3%
Q1 2010-0.4%
Q1 2011+3.4%
Q4 2010+5.5%
Q4 2008+5.5%
Q2 2010+5.5%
Q3 2010-1.1%
Q3 2009-1.1%
Q2 2009-4.7%
Q4 2009-4.7%

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