Light & Wonder delivered strong performance across all of its businesses in Q2, including gaming, iGaming, and social gaming.
Light & Wonder delivered strong performance across all of its businesses in Q2, including gaming, iGaming, and social gaming. American game provider Light & Wonder has published its financial results for the second quarter of 2024, which ended on June 30. The company reported its 13th consecutive quarter of consolidated revenue growth, up 12% year over year, and its eighth consecutive quarter of double-digit growth.
Gaming revenue, at $539 million, increased 14% from Q2 2023, driven by a 32% year-on-year increase in gaming machine sales. The iGaming division also performed strongly, generating $74 million in revenue, up 6% from the previous year, driven by ongoing growth in North America. SciPlay, the company’s social casino division, continued to solidify its market share, with revenues climbing 8% to $205 million.
“The new $1.0 billion share repurchase program is a testament to the value we see in the business and confidence in our ability to execute to plan over the long-term. We believe we will continue to create significant value for our shareholders through enhanced cash flow generation initiatives while delivering on our financial targets,” said Chow.
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