Scientific Games stock gains on Q2 earnings beat, led by 300% growth in gaming business

Aug. 09, 2021 11:44 AM ETLight & Wonder, Inc. (LNW)By: Niloofer Shaikh, SA News Editor
  • Scientific Games (SGMS +6.0%) reports revenue growth of ~63% in Q2, led by over 300% Y/Y and 50% Q/Q growth in Gaming business driven by the strength of new product roadmap, record gross gaming revenue in the U.S. and a rebound in the U.K. and Europe.
  • Lottery and Digital businesses both delivered record quarters with 27% Y/Y growth fueled by strong instant sales and original content offering.
  • Consolidated AEBITDA +217% Y/Y to $121M, driven by double-digit AEBITDA growth in Gaming, Lottery and Digital.
  • SciPlay revenue was $154M for the quarter, its second highest revenue quarter in its history.
  • Previously: Scientific Games EPS beats by $1.07, beats on revenue (Aug. 9)

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