Light & Wonder, Inc. (NASDAQ:LNW) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET
Company Participants
James Bombassei - SVP, IR
Barry Cottle - CEO, President & Director
Constance James - EVP, CFO, Principal Accounting Officer, Treasurer & Corporate Secretary
Conference Call Participants
Barry Jonas - Truist Securities
David Katz - Jefferies
Ryan Sigdahl - Craig-Hallum
Jeffrey Stantial - Stifel, Nicolaus & Company
Operator
Welcome to the Light & Wonder 2022 Second Quarter Investor Conference Call. [Operator Instructions]. Now let me turn the call over to Jim Bombassei, Senior Vice President of Investor Relations for Light & Wonder. Mr. Bombassei, you may begin.
James Bombassei
Thank you, operator. Good afternoon, everyone. During today's call, we will discuss our second quarter 2022 results and operating performance followed by a question-and-answer period. With me today are CEO Barry Cottle; and CFO Connie James.
Our call today will contain statements that include forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements 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 release issued earlier this afternoon, the materials relating to the 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.
On September 27, 2021, we announced that we had entered into a definitive agreement to sell our Sports Betting business to Endeavor. And subsequently, on June 30 of this year, we entered into an amendment to the definitive purchase agreement.
During the second quarter, we completed the sale of our Lottery business to Brookfield Business Partners. Accordingly, we have reflected these businesses as discontinued operations in our consolidated statement of operations and reflected the assets and liabilities of these businesses as held for sale in our consolidated balance sheets for all periods presented.
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 on our website at lnw.com. Supplemental reference slides are available on our Investor Relations website to help facilitate your review of the company's results, including an earnings presentation.