Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 75

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 75
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. SciPlay launched a proprietary direct-to-consumer in-app purchase platform during 2023, with the goals of improving players’ experience and reducing costs of revenue given the lower payment processing fees and other related expenses for in-app purchases made through the proprietary platform, as compared to the platform fee charged by third-party platforms. In addition to original game content, SciPlay’s content library includes recognizable game content across our other platforms within Gaming and iGaming. This content allows players who like playing land-based game content to enjoy some of those same titles in SciPlay’s free-to-play games.

Current Year Update

Throughout 2024, SciPlay deployed updates across a number of their portfolio games, pursued international expansion and benefited from the proprietary direct-to-consumer platform. 

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2024 was another record year for total revenue and AEBITDA, and SciPlay continues to see higher player engagement. SciPlay’s year-over-year total revenue growth was 6%. This result is primarily attributable to the revenue generated by Quick Hit Slots, 88 Fortunes Slots, Jackpot Party Casino, and Gold Fish Casino. We believe that there is an opportunity for continued improvement of operating results in 2025 and beyond, as SciPlay continues to execute on its strategic game updates, enhanced analytics and international expansion.

We have a significant portion of SciPlay personnel located in Tel Aviv, Israel. In light of current circumstances in Israel, we are actively monitoring developments and are ready to redirect resources as needed to minimize impact on SciPlay operations. We do not have servers or infrastructure that are located in Israel that host our games. While we have not yet seen an impact on our business from current events, they could negatively affect the performance of the personnel in that area and have an adverse impact on our business if these events continue and/or escalate. Refer to “Risk Factors” under Part I, Item 1A in this Annual Report on Form 10-K for more information.

Results of Operations and Key Performance Indicators

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Year Ended December 31, Variance(in millions unless otherwise noted)2024202320222024 vs. 2023Revenue:    Third-party platforms and other(1)$733 $768 $671 $(35)(5)%Direct-to-consumer platforms88 9 — 79 nmTotal revenue$821 $777 $671 $44 6 %F/X impact on revenue$— $(9)$(3)$9 nmKPIs:In-App Purchases