Description
The report provides an overview of Light & Wonder Inc's financial results for the fiscal year 2023.
Research Goals and Objective
Research Objective: To study Light & Wonder, Inc publicly available financial information, determine the company's development strategy, and compile an overview of its annual financial reports.
Research Tasks:
- Find the company’s comprehensive financial and corporate information;
- Analyze the gathered information;
- Draw conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
Document Markup
- FY - Financial Year;
- L&W - Light & Wonder, Inc;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Light & Wonder, Inc Annual Report Period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
- Despite not paying cash dividends, the company's revenue has shown growth across its gaming, SciPlay, and iGaming segments, with consolidated revenue increasing by 15.53% from FY22 to FY23;
- Total equity decreased by 22.73% from December 2022 to December 2023, reflecting significant financial volatility or challenges faced by the company during this period;
- In FY23, Light & Wonder expanded into various markets including Georgia COAM Market, South Africa with Hollywoodbets, and Ontario, Canada through the Playzido launch, indicating a focus on global market penetration.
