The earnings call presented a mix of positive and negative aspects. While there was notable revenue and earnings growth, record iGaming revenue, and a successful charitable gaming acquisition, challenges such as a decline in global game sales, operator apprehension, and the impact of sweepstakes gaming on the social casino market were also highlighted.

Company Guidance -

Q3 2025

In the recent earnings call, Light & Wonder provided a comprehensive update on their performance and strategic initiatives. The company reported revenue of $809 million for the second quarter of 2025, with net income rising 16% to $95 million. Their consolidated adjusted EBITDA (AEBITDA) stood at $352 million, reflecting a 7% increase year-over-year, and their AEBITDA margin improved by 400 basis points to 44%. The company has upgraded its fiscal year 2025 AEBITDA guidance to a range of $1.43 billion to $1.47 billion, factoring in a $65 million contribution from the Grover acquisition. Light & Wonder also added 845 units to its North American installed base and announced plans to transition to a sole ASX listing by November 2025. The company's share repurchase program was expanded from $1 billion to $1.5 billion, with $550 million executed to date. Additionally, Light & Wonder's direct-to-consumer platform in their SciPlay segment grew to 18% of revenue, and they maintained a strong focus on content and R&D investments to drive long-term growth.

Revenue and Earnings Growth

Revenue for the quarter was $809 million, inclusive of record revenue at iGaming. Net income increased 16% to $95 million, and diluted EPS increased 23% from the prior year period.

iGaming Success

iGaming delivered record revenue of $81 million, a 9% increase over the prior year period, with strong game performance and third-party network expansion. AEBITDA increased 17% to $28 million.

Positive Momentum in Charitable Gaming

Closed Grover Charitable Gaming acquisition, adding over 600 active units. Expected to contribute $65 million to full-year EBITDA and expanding into Indiana this fall.

SciPlay Market Share and Revenue Growth

SciPlay continues to trend above industry average with a market share of approximately 12%. Record revenues of Quick Hit Slots and 88 Fortunes with double-digit growth.

Transition to Sole ASX Listing

Decision to transition to a sole ASX listing by the end of November 2025, expected to unlock shareholder value and align with growth plans.

Light & Wonder (LNW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LNW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.34 / -	0.71	―	―	―
Aug 06, 2025	2025 (Q2)	1.34 / 1.11	0.9	23.33% (+0.21)
May 07, 2025	2025 (Q1)	1.06 / 0.94	0.88	6.82% (+0.06)
Feb 25, 2025	2024 (Q4)	0.89 / 1.20	0.73	64.38% (+0.47)
Nov 12, 2024	2024 (Q3)	1.07 / 0.71	0.81	-12.35% (-0.10)
Aug 07, 2024	2024 (Q2)	1.04 / 0.90	-0.01	9100.00% (+0.91)
May 08, 2024	2024 (Q1)	0.65 / 0.88	0.23	282.61% (+0.65)
Feb 27, 2024	2023 (Q4)	0.68 / 0.73	0.32	128.13% (+0.41)
Nov 09, 2023	2023 (Q3)	0.41 / 0.81	3.42	-76.32% (-2.61)
Aug 08, 2023	2023 (Q2)	0.34 / -0.01	34.61	-100.03% (-34.62)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LNW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$90.92	$77.87	-14.35%
May 07, 2025	$93.63	$80.54	-13.98%
Feb 25, 2025	$101.63	$108.62	+6.88%
Nov 12, 2024	$102.50	$92.28	-9.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Light & Wonder (LNW) report earnings?

Light & Wonder (LNW) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Light & Wonder (LNW) earnings time?

Light & Wonder (LNW) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LNW EPS forecast?

LNW EPS forecast for the fiscal quarter 2025 (Q3) is 1.34.

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