Light & Wonder, Inc. (NASDAQ:LNW) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET
Company Participants
Nick Zangari - Senior Vice President of Investor Relations for Light & Wonder
Matthew Wilson - Chief Executive Officer
Connie James - Executive Vice President, Chief Financial Officer, Principal Accounting Officer, Treasurer & Corporate Secretary
Conference Call Participants
Barry Jonas - Truist Securities
David Katz - Jefferies
Chad Beynon - Macquarie
Ryan Sigdahl - Craig-Hallum
David Bain - B. Riley
Operator
Good afternoon. Welcome to the Life & Wonder 2023 First Quarter Earnings Conference Call. [Operator Instructions]
I will now like to turn the call over to Nick Zangari, Senior Vice President of Investor Relations for Light & Wonder. Mr. Zangari, you may begin.
Nick Zangari
Thank you, operator, and good afternoon, everyone. Welcome to our first quarter 2023 earnings conference call. With me today are CEO, Matt Wilson; and CFO, Connie James. During today's call, we will discuss our first quarter 2023 results and operating performance, followed by a question-and-answer session.
Our call today will contain forward-looking statements that may involve certain risks and uncertainties that could cause actual results to differ materially from those discussed during the call. For information regarding these risks and uncertainties, please refer to our earnings materials relating to this call posted on our website and our filings with the SEC. We will also discuss certain non-GAAP financial measures. A description of each non-GAAP measure and a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure can be found in our earnings release as well as in the Investors section on our website.
In 2022, we completed the sale of the Lottery business to Brookfield Business Partners in the second quarter and the sale of the Sports Betting Business to Endeavor in the third quarter. Accordingly, we have reflected these businesses as discontinued operations in our Consolidated Statements of Operations. We are reporting our results of continuing operations in 3 business segments: Gaming, SciPlay and iGaming. Amounts and disclosures referring to combined include both our continuing and discontinued operations. As a reminder, this conference call is being recorded. A replay of this webcast and accompanying materials will be archived in the Investors section of our website.
With that, I will now turn the call over to Matt.
Matthew Wilson
Thank you, Nick, and thanks to everyone for joining today's call. We're off to a fantastic start in 2023, continuing the momentum we established last year. We're now past the 1-year mark as the new Light & Wonder. And while we've accomplished a great deal, we believe the best is yet to come. We have a talented team driving a powerful R&D engine that is fueling our portfolio across all three businesses, and has enabled us to begin the year with an entire pipeline of exciting products and games.