• Light & Wonder average ebitda margin for 2023 was 15.44%, a 105.05% increase from 2022.
• Light & Wonder average ebitda margin for 2022 was 7.53%, a 280.58% increase from 2021.
• Light & Wonder average ebitda margin for 2021 was -4.17%, a 34.12% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.