Rohan Gallagher: Thanks guys. And just if you indulge on, I’m looking at your operating leverage on Gaming, you’ve had some nice margin expansion despite the fact that you’ve had a disproportionate increase in revenues in outright sales, which is typically lower margin. So clearly there’s some good work being done behind the scenes around supply chain, operating efficiencies, et cetera. Oliver, can you sort of shed some light in terms of what we could see in terms of operating leverage, going forward, taking consideration, mix effects?
Oliver Chow: Yeah. Thank you, Rohan. Yeah. We delivered exceptional numbers, and we continue to post really healthy margins as we demonstrated here in the quarter. We did benefit from some revenue mix in the quarter, but we also do have opportunities to expand margins over time as we work through our margin enhancement initiatives across the business. Our performance this quarter across all three segments really reflects the team’s commitment to growing the business while maintaining profitability. And over the course of the year, we have implemented and executed several cost optimization initiatives. And some examples there are supply chain, sourcing initiatives that were previously implemented, but then support the healthy margins you see in Gaming.
But you also see the efficient management of UA expenses, marketing expenses from a SciPlay perspective. Even at the corporate level, we’re going to be driving further integration and efficiency within the organization. So all things considered, we’ll continue to improve process and systems while driving sustainable long-term profitability. And I said — as I said earlier, we are incredibly pleased with the team’s execution this quarter.
Matt Wilson: Yeah. I think, Anthony Firmani deserve some public recognition. I think the supply chain team in Gaming specifically as an industry were kind of the most hard press coming through the COVID years and to manage through that chaos and then come out the other side really driving some efficiency programs. It’s showing up at the numbers, the margins in Gaming were exceptional this quarter.
Rohan Gallagher: Thanks guys. Congratulations.
Oliver Chow: Thanks Rohan.
Operator: Thank you for your question. That concludes the question-and-answer session. I will now turn the line back to Matt for any closing or additional remarks.
End of Q&A:
Matt Wilson: Thank you. In conclusion, I’d like to express my gratitude to all employees for their unwavering commitment to making each day at Light & Wonder a resounding success. Our dedicated teams continue to work passionately expanding our game library, enhancing our technology, ensuring that our games deliver unparalleled performance and exceptional experiences. The SciPlay team and the strong social casino business are now fully in the fold, and we look forward to further amplifying our success together as one. iGaming is just hitting its stride as we continue to expand our content portfolio. We are uniquely positioned with our three complimentary businesses, integrated through our cross-platform approach, supported by a robust R&D engine, solid balance sheet, and increasing cash flow.
As I reflect on what is now my 20th year in the industry, I’m filled with excitement for the promising future that lies ahead for Light & Wonder, and the entire gaming industry. We’ve achieved some very significant milestones, and through our team’s desire to continuously improve and stretch the limits of innovation, Light & Wonder can reach new heights. Thank you to everyone who’s joined us for the call today. Your support is greatly appreciated, and we extend our best wishes to all of you as we enter the holiday season.
Operator: That concludes the Light & Wonder third quarter 2023 earnings conference call. Thank you for your participation. You may now disconnect your line.
