Financial TargetManagement introduced a 2028 financial target of $2.0B in adjusted EBITDA compared to the current target of $1.4B for 2025, representing a CAGR of 12.6%.

Market ExpansionThe acquisition of Grover Gaming provides entry into an adjacent market that plays to its content strengths and is expected to increase market share.

ValuationShares currently trade at a P/E multiple of 13.9x, a discount to the peer average of 17.5x.

Bears Say

Revenue MissRevenue missed expectations due to timing shifts of international orders, including delays in Canadian and Asian shipments.

Sales DeclineGaming revenue was primarily driven by decreases in Gaming machine sales of 16% and Gaming systems of 11%, reflecting cautious purchasing behavior due to global macro uncertainty.

Tariff ImpactThe company is expected to face margin impacts from tariffs starting in the fourth quarter.

Light & Wonder News

Three new option listings and three option delistings on November 13th

New option listings for November 13th include Chaince Digital Holdings Inc. (CD), Cypherpunk Technologies Inc. (CYPH), and Light...

1M ago

LNW

MFH

Light & Wonder Inc. Reports Strong Growth Amid Challenges

Light & Wonder Inc. (($LNW)) has held its Q3 earnings call. Read on for the main highlights of...

1M ago

LNW

Light & Wonder: Strategic Moves and Operational Efficiency Justify Buy Rating Despite Revenue Miss

Analyst Tom Forte of Maxim Group maintained a Buy rating on Light & Wonder, with a price target...

2M ago

LNW

Sterling Infrastructure to replace Light & Wonder in S&P 400 at open on 11/13

Light & Wonder is expected to delist from the Nasdaq Stock Exchange on or around that date and...

2M ago

LNW

STRL

Light & Wonder Reports Strong Q3 2025 Earnings

Light & Wonder Inc. ( ($LNW) ) has released its Q3 earnings. Here is a breakdown of the...

2M ago

LNW

Light & Wonder reports Q3 adjusted EPS $1.34, consensus $1.33

Reports Q3 revenue $841M, consensus $863.29M. Matt Wilson, President and Chief Executive Officer of Light & Wonder, said,...

2M ago

LNW

Light & Wonder maintains FY25 outlook

The Company maintains its full-year 2025 financial outlook, consistent with the outlook shared last quarter. The Consolidated AEBITDA...

2M ago

LNW

LNW Earnings Report this Week: Is It a Buy, Ahead of Earnings?

Light & Wonder Inc. (LNW) is scheduled to report 3rd quarter earnings on 11/05/2025, after the market closes....

2M ago

LNW

Light & Wonder provided a statement on Nevada Court legal proceedings

Light & Wonder is providing an update on today’s ruling from the Nevada Court regarding the ongoing litigation...

2M ago

LNW

Light & Wonder Plans Nasdaq Delisting for ASX Listing

Light & Wonder ( ($LNW) ) just unveiled an announcement. On October 13, 2025, Light & Wonder, Inc....

2M ago

LNW

Light & Wonder provides updated timetable for Nasdaq delisting

Light & Wonder provided an update on its intention to delist its common stock from Nasdaq and transition...

2M ago

LNW

Light & Wonder Issues CHESS Depositary Statement

The latest update is out from Light & Wonder ( ($LNW) ). On October 7, 2025, Light &...

2M ago

LNW

Light & Wonder names Rohan Gallagher global chief corporate affairs officer

Light & Wonder announced the appointment of Rohan Gallagher as Executive Vice President, Global Chief Corporate Affairs Officer,...

3M ago

LNW

Light & Wonder Issues CHESS Depositary Interests Statement

Light & Wonder ( ($LNW) ) has shared an update. On September 5, 2025, Light & Wonder, Inc....

3M ago

LNW

LNW FAQ

What was Light & Wonder Inc.’s price range in the past 12 months?

Currently, no data Available

What is Light & Wonder Inc.’s market cap?

Currently, no data Available

When is Light & Wonder Inc.’s upcoming earnings report date?

Light & Wonder Inc.’s upcoming earnings report date is Mar 03, 2026 which is in 70 days.

How were Light & Wonder Inc.’s earnings last quarter?

Light & Wonder Inc. released its earnings results on Nov 05, 2025. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.314 by $0.026.

Is Light & Wonder Inc. overvalued?

According to Wall Street analysts Light & Wonder Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Light & Wonder Inc. pay dividends?

Light & Wonder Inc. does not currently pay dividends.

What is Light & Wonder Inc.’s EPS estimate?

Light & Wonder Inc.’s EPS estimate is 1.68.

How many shares outstanding does Light & Wonder Inc. have?

Currently, no data Available

What happened to Light & Wonder Inc.’s price movement after its last earnings report?

Light & Wonder Inc. reported an EPS of $1.34 in its last earnings report, beating expectations of $1.314. Following the earnings report the stock price went up 8.539%.

Which hedge fund is a major shareholder of Light & Wonder Inc.?

Currently, no hedge funds are holding shares in LNW

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Light & Wonder (LNW) Earnings & Revenues

Historic Earnings Reports

LNW Company Deck

LNW Earnings Call

Q3 2025

0:00 / 0:00

Earnings Call Sentiment|Positive

The earnings call showcased strong revenue and EBITDA growth, successful gaming operations, and impressive iGaming performance. However, challenges in international markets, tariff impacts, and issues with specific SciPlay games were noted. The highlights outweigh the lowlights, showcasing a strong overall performance.View all LNW earnings summaries