"We remain confident in the various avenues of growth that we see for 2025 with continued execution on our robust product roadmap driving performance across the business. We are committed to executing off the strong foundation of world-class talent and game portfolio that we have built for long-term success."
Key Highlights?:
16 consecutive quarters of year-over-year consolidated revenue growth.
Returned $166 million of capital to shareholders through share repurchases during the quarter.
Strategic acquisition of Grover Gaming’s Charitable Gaming business on schedule.
Hosting an investor day on May 20th in New York City, to provide an update on strategy and progress on key initiatives.
Gaming revenue increased to $495 million in the quarter, up 4% compared to the prior year period, primarily driven by growth across all lines of business, including 9% growth in Table products and 5% growth in both Gaming systems and Gaming operations.
SciPlay achieved quarterly revenue of $202 million, and continues to outpace the social casino market with strong payer metrics.
iGaming revenue increased 4% to $77 million, reflecting continued momentum in the U.S. and expansion of our partner network.
Net debt leverage ratio¹ was 3.0x as of March 31, remaining within our targeted net debt leverage ratio¹ range of 2.5x to 3.5x.
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“This quarter is a further testament to our commitment to value creation as we generated strong cash flow coupled with another meaningful quarter of share buyback. Our solid performance continues to be underpinned by a focus on streamlining and optimizing our business to enhance margins as reflected in the quarter across the three business units and corporate functions. The initiatives and processes that we have in place enable us to remain nimble and adaptable to a dynamic environment and positions us well to be a sustainable compounder of growth well into the future," said Oliver Chow, Chief Financial Officer of Light & Wonder.
Dingnews.com 08/05/2025