Revenue growth and financial results of Light & Wonder in the first quarter
Date: 2024-05-09 Author: Alex Crawford Categories: EVENTS
Light & Wonder announced 12.8% revenue growth to $756 million in the first quarter, reflecting strong performance across its core business segments. The company also posted an increase in net income, marking its 12th consecutive quarter of annual growth.
Favorable financial result
Core business segments such as Gaming, SciPlay and iGaming generated significant revenue, with Gaming led by $476 million. New investments in the Flows platform accelerate growth and enable expansion of operations in global markets.
Key investments in Flows
Light & Wonder continues to introduce innovative technologies, such as the Flows platform, to accelerate growth and expand the company's global presence.
While the group has demonstrated interest in M&A opportunities, it emphasizes its strategy of being results-oriented and gradually expanding its portfolio.
Stable revenue growth
The company has seen steady growth in gaming revenues, including gaming machines and iGaming, supported by successful launches of its own content.
Light & Wonder remains on a path to continued growth with a focus on operational excellence and strategic investments in research and development. The company's outlook remains encouraging, with new opportunities on the horizon until the end of 2024.
