Light & Wonder executives prioritize debt reduction in third-quarter earnings call

CEO Matt Wilson closed the book on “an eventful quarter” late on Wednesday, holding Light & Wonder’s third-quarter earnings call. “Customers responded positively,” he said, to the company’s offerings at Global Gaming Expo and the Australasian Gaming Expo. Wilson hailed the company’s financial results, including an AU$153 million ($107.7 million) debt reduction. (See sidebar.) He laid particularly emphasis on Fitch Ratings’ having upgraded Light & Wonder’s outlook to “Positive.” “For now, we are prioritizing debt reduction,” added CFO Oliver Chow. He said the company was aiming to get its leverage down to three times cash flow by June of 2027.