Light & Wonder has reported revenue of $610m for the second quarter of 2022, a 5% increase from the prior-year period.
Gaming operations represented the majority of total revenue, climbing 6% year-on-year to $390m. This was followed by SciPlay at $160m and iGaming at $60m, with the former growing 4% year-on-year and the latter remaining flat.
“We made great strides in the second quarter as we continued to execute on our vision and the transformation of our company,” said Light & Wonder President and CEO Barry Cottle. “We closed on the sale of our Lottery business for $5.7bn in gross cash proceeds, which we used to significantly de-lever our balance sheet as we continue to deliver on our promises.
“With the Lottery business sale and anticipated closing on the sale of our Sports Betting business by the end of the third quarter, we have achieved a significant milestone in the transformation of our organisation.