Light & Wonder reports Q1 revenue of $790m, up 2%
Light & Wonder reported consolidated revenue of $790m for the quarter ended 31 March, a 2% year-on-year increase. The gaming technology supplier said net income fell 37% to $52m, while adjusted EBITDA rose 5% to $327m; it linked the net income decline mainly to $50m in legal reserve contingencies related to legacy matters connected to compensation to Aristocrat.
Investors can weigh EBITDA growth against lower net income and legal reserve contingencies tied to legacy compensation matters.