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The phrase "a win-win situation" is correct and widely used in written English
It can be used to describe a situation or outcome in which both parties involved benefit or gain something. Example: "By working together, we were able to come up with a solution that is a win-win situation for both companies."
Exact(60)
It's a win-win situation," said Bilic.
It's kind of a win-win situation".
"It's a win-win situation," she said.
We would have a win-win situation.
This is surely a win-win situation.
"I'm in a win-win situation".
And it's a win-win situation".
It's just a win-win situation".
It's a win-win situation," she says.
It's like a win-win situation".
"It seemed like a win-win situation".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com