Light & Wonder Inc. ( (LNW) ) has released its Q4 earnings. Here is a breakdown of the information Light & Wonder Inc. presented to its investors.
Light & Wonder, Inc. is a leading global games company specializing in cross-platform gaming solutions, with a strong presence in the gaming, social casino, and iGaming sectors. The company is known for its innovative content and technology-driven approach to gaming experiences.
Light & Wonder reported a robust financial performance for the fiscal year 2024, achieving record consolidated revenue of $3.2 billion, marking a 10% increase from the previous year. The company also announced a strategic acquisition of Grover Gaming’s charitable gaming business, enhancing its cross-platform strategy.
Key financial highlights include a 12% increase in gaming revenue to $2.1 billion, driven by strong gaming machine sales and systems growth. SciPlay revenue rose by 6% to $821 million, while iGaming revenue saw a 9% increase to $299 million. The company also returned $462 million to shareholders through share repurchases and maintained a healthy net debt leverage ratio of 3.0x.
Looking ahead, Light & Wonder’s management remains optimistic about future growth, supported by strategic acquisitions and continued investments in gaming technology. The company is also exploring options to enhance its ASX listing, which could further strengthen its market position and shareholder value.