Delivered Consolidated Revenue Growth of 13% Year-Over-Year on Strong Gaming Machine Sales and Record SciPlay and iGaming Revenue Double-Digit Revenue Growth Across all Businesses Driving Strong Cash Flow Generation LAS VEGAS — May 8, 2024 — Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the first quarter ended March 31, 2024. Light & Wonder, Inc. Reports First Quarter 2024 Results SUMMARY RESULTS | | | | Three Months Ended March 31, | ...

Light & Wonder, Inc. (NASDAQ:LNW) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Nick Zangari - SVP, Investor Relations Matthew Wilson - EVP & Group Chief Executive, Gaming Oliver Chow - CFO Conference Call Participants Barry Jonas - Truist Securities Chad Beynon - Macquarie Securities David Katz - Jefferies Rohan Sundram - MST Marquee Carlo Santarelli - Deutsche Bank Jeffrey Stantial - Stifel Financial Joseph Stauff - Susquehanna Financial Group Rohan Gallagher - Jarden ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Nevada 8 ...

Light & Wonder, Inc. Reports Fourth Quarter and Full Year 2023 Results Achieved Record Full Year Results Driven by Double-Digit Growth across All Businesses Delivered 11 Consecutive Quarters of Consolidated Revenue Growth with Increase of 13% in the Quarter and 16% for the Full Year Healthy Balance Sheet and Strong Financial Profile Returned $170 Million of Capital to Shareholders through Share Repurchases during 2023 LAS VEGAS — February 27, 2024 — Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonde ...

Third Quarter 2023 Earnings Presentation © 2023 LIGHT & WONDER Forward-Looking Statements Due to rounding, certain numbers presented herein may not precisely recalculate. © 2023 LIGHT & WONDER © 2023 LIGHT & WONDER | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------|---------------|-------------|-------------------------------------------------|---------------|---------------|--------------------------------------------------|-------------|------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) Nevada 81-0422894 (State or other jurisdiction of in ...

LIGHT & WONDER August 8, 2023 S E C T I O N T I T L E, 1 0 P T In this presentation, Light & Wonder, Inc. ("Light & Wonder," "L&W" or the "Company") makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate," "target ...

Light & Wonder, Inc. (NASDAQ:LNW) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Nick Zangari - Senior Vice President-Investor Relations Matt Wilson - President and Chief Executive Officer Connie James - Chief Financial Officer Oliver Chow - Interim Chief Financial Officer Conference Call Participants Barry Jonas - Truist David Katz - Jefferies Chad Beynon - Macquarie Rohan Gallagher - Jarden Jeff Stantial - Stifel Joey Stauff - Susquehanna Paul Mason - E&P Operator Hello, e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) Nevada 81-0422894 (State or other jurisdiction of incorpo ...

Financial Data and Key Metrics Changes - Consolidated revenue increased by 17% year-over-year to $670 million, with all three business segments achieving double-digit growth [55][43] - Operating income rose to $102 million, a 155% increase year-over-year, while consolidated AEBITDA grew 23% to $249 million, reflecting improved margins [29][55] - Consolidated AEBITDA margin increased to 37%, up 200 basis points from the prior year [29] Business Line Data and Key Metrics Changes - In Gaming, revenue grew 18% year-over-year to $419 million, driven by a 53% increase in game sales [30][29] - SciPlay achieved record revenue of $186 million, an 18% increase year-over-year, with AEBITDA growing 21% to $54 million [32][55] - iGaming revenue reached $65 million, a 10% increase year-over-year, primarily due to growth in the U.S. market [2][55] Market Data and Key Metrics Changes - In Australia, market share increased to over 20%, driven by strong performance in game sales [10][31] - U.S. revenue grew 34% year-over-year, with high-single-digit growth in the EU and U.K. [60][55] - The average revenue per daily user in SciPlay reached a record high of $0.89, a 20% increase year-over-year [59] Company Strategy and Development Direction - The company is focused on expanding its share in the total addressable market and pursuing a secondary listing on the Australian Stock Exchange to attract more investors [44][17] - Continued investment in R&D and a robust product pipeline are expected to drive sustainable growth across all business segments [26][9] - The company aims to achieve a consolidated AEBITDA target of $1.4 billion by 2025, with a focus on operational efficiency and market expansion [9][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the gaming industry, noting strong GGR numbers and continued reinvestment in gaming floors [79][125] - The company anticipates strong momentum into Q2, supported by elevated demand for its products and successful game launches [79][90] - Management highlighted the importance of maintaining a healthy balance sheet while exploring value-creating opportunities [103][62] Other Important Information - The company reported a free cash flow of $74 million, with a conversion rate of approximately 30% [62][55] - Legal expenses are expected to increase due to ongoing litigation, impacting corporate costs [72][110] - The company has repurchased $437 million worth of shares, fulfilling 58% of its authorization [64][123] Q&A Session Summary Question: What are the company's investment priorities? - The company continues to align investments with significant growth opportunities, focusing on organic investment in core capabilities and content platforms [66] Question: Can you discuss the cashless gaming opportunities? - Management noted a growing acceptance of cashless solutions, with significant technology rollout and partnerships in place [83][96] Question: How does the company view the resiliency of its business in a potential macro downturn? - Management expressed confidence in the resilience of all three business segments, noting that gaming has proven to be an affordable luxury [107][125] Question: What is the timeline for launching Live Casino in Michigan? - The company expects to receive regulatory approval in Q3, with plans to scale operations shortly thereafter [101] Question: Can you elaborate on capital allocation and share repurchase strategy? - The company maintains a balanced approach to capital allocation, focusing on long-term shareholder value while preserving optionality for future investments [102][103]