Light & Wonder, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 04:05 pm EDT
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Light & Wonder, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 610 million compared to USD 581 million a year ago. Net income was USD 3,291 million compared to USD 109 million a year ago. Basic loss per share from continuing operations was USD 1.62 compared to USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 1.62 compared to USD 0.58 a year ago. Basic earnings per share was USD 34.61 compared to USD 1.13 a year ago. Diluted earnings per share was USD 34.61 compared to USD 1.13 a year ago.
For the six months, revenue was USD 1,183 million compared to USD 1,034 million a year ago. Net income was USD 3,317 million compared to USD 94 million a year ago. Basic loss per share from continuing operations was USD 2.33 compared to USD 1.55 a year ago. Diluted loss per share from continuing operations was USD 2.33 compared to USD 1.55 a year ago. Basic earnings per share was USD 34.61 compared to USD 0.98 a year ago. Diluted earnings per share was USD 34.61 compared to USD 0.98 a year ago.
Light & Wonder, Inc. is a cross-platform global games company with a focus on content and digital markets. The Company's segments include Gaming, SciPlay and iGaming. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming content, products and services. The Company provides its gaming portfolio of products and services to commercial casinos, Native American casinos, wide-area gaming operators such as licensed betting offices (LBOs), arcade and bingo operators in the United Kingdom and continental Europe, and government agencies and their affiliated operators. The SciPlay segment is a developer and publisher of digital games on mobile and Web platforms. The SciPlay segment operates primarily in the social gaming market and hyper-casual space. The iGaming segment provides a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services.
LIGHT & WONDER, INC. 
