Light & Wonder, Inc.

Light & Wonder, Inc.

LNW
Light & Wonder, Inc.US flagNASDAQ Global Select
99.75
USD
+0.25
- -
8.43BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
10.32
12.83
21.12
32.12
33.03
34.61
36.92
25.68
17.88
22.43
26.44
31.89
35.82
37.78
Basic EPS, GAAP
-0.7
-0.36
-2.77
-16.23
-4.05
-2.72
-3.86
-1.4
-5.99
3.86
38.68
1.79
3.78
4.68
Free Cash Flow per Basic Share
1
1.06
0.86
3.39
4.8
5.69
3.8
5.87
4.96
7.14
-4.01
6.48
7.1
7.94
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-2.28
-2.77
-5.55
-21.7
-25.4
-27.61
-30.99
-31.75
-37.14
-32.89
5.45
7.48
11.43
15.34
Tangible Book Value per Share
-6.76
-18.38
-82.14
-80.5
-80.2
-77.75
-86.03
-77.01
-68.26
-63.14
-28.42
-32.34
-32.24
-42.98
Basic Weighted Avg Shares
90
85
85
86
87
89
91
93
95
96
95
91
89
85
Sales/Revenue/Turnover
929
1,091
1,786
2,759
2,883
3,084
3,363
2,388
1,699
2,153
2,512
2,902
3,188
3,221
Operating Margin (%)
7.92
0.4
-7.95
- -
8.9
14.27
15.43
13.19
-7.95
12.87
16.68
21.02
23.9
25.77
Depreciation Expense
173
203
454
903
739
683
690
542
449
398
420
384
361
395
Net Income, GAAP
-63
-30
-234
-1,394
-354
-242
-352
-130
-569
371
3,675
163
336
399
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12.2
20.19
20.2
Profit Margin (%)
-6.74
-2.77
-13.12
-50.54
-12.27
-7.85
-10.47
-5.44
-33.49
17.23
146.3
5.62
10.54
12.39
Working Capital
228
506
649
522
424
1,137
622
849
1,349
758
1,072
615
448
701
LT Debt
1,452
3,162
8,262
8,157
8,025
8,736
8,992
8,768
9,302
8,686
3,907
3,891
3,878
4,925
Total Equity
365
375
4
-1,496
-1,936
-2,027
-2,463
-2,108
-2,524
-2,106
1,161
765
636
723
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10.88
13.11
12.66
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9.02
11.94
11.49
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
27.19
39.58
35.99

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
23
38
49
LT Borrowings
3,884
4,818
4,893
LT Finance Leases
29
30
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
84
83
Market Capitalization
7,622
8,326
7,156

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
1,184
1,237
1,322
Cash, Cash Equivalents & STI
134
136
236
Accounts Receivable, Net
629
643
659
Inventories
169
187
175
Total Current Liabilities
753
697
621
Payables & Accruals
730
659
572
ST Debt
23
38
49
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3,860.78%
-40.59%
-16.86%
Free Cash Flow
1.96%
-74.33%
7.12%
Net Income, GAAP
144.49%
214.73%
106.13%
Sales/Revenue/Turnover
8.59%
7.99%
9.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
670
731
731
771
2,902
2024
756
818
817
797
3,188
2025
774
809
841
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.24
-0.01
0.82
- -
1.79
2024
0.91
0.91
0.72
1.23
3.78
2025
0.96
1.13
1.36
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Matthew R. Wilson
Full Time Employees
6,800
Sector
Consumer Cyclical
Industry
Gambling, Resorts & Casinos
Address
6601 Bermuda Road Las Vegas NV United States of America 89119
IPO Date
Aug 23, 1984
Website
lnw.com
Business
Light & Wonder, Inc. is a global cross-platform games company primarily engaged in the development, manufacturing, and provision of gaming products and services. The company operates through three key segments: land-based casinos, online gambling platforms, and social and mobile gaming. Its land-based casino offerings include slot machines, table games, shuffling machines, chip sorters, casino management systems, and related hardware and software solutions. In the online gambling sector, Light & Wonder delivers digital casino experiences via its OpenGaming platform, which offers real-money gaming solutions, content aggregation, and cross-platform integration. The social and mobile gaming division, led by its wholly owned subsidiary SciPlay, focuses on free-to-play social casino games with popular titles such as Jackpot Party Casino, Gold Fish Casino, and Quick Hit Slots. Founded in 1973 and headquartered in Las Vegas, Nevada, the company serves the gaming and lottery industry globally. In recent major developments, Light & Wonder completed the acquisition of Grover Gaming’s charitable gaming assets for $850 million in cash with an additional contingent earn-out of up to $200 million, expanding its charitable gaming footprint in regulated markets across the United States. This acquisition supports the company’s omni-channel strategy by integrating Grover’s portfolio and expertise to grow further in charitable gaming. Light & Wonder continues to execute a disciplined capital return program, having repurchased a significant portion of its authorized $1.5 billion share buyback, and extended its debt maturity while reducing interest costs. The company demonstrated robust growth in its North American premium installed base and record performance in the iGaming segment, reinforcing its commitment to innovation and operational excellence in the gaming industry. Light & Wonder trades on Nasdaq and the Australian Securities Exchange (ASX) and transitioned to a sole primary listing on the ASX recently, reflecting strategic repositioning in capital markets. It also maintains a diverse portfolio of well-known brands including Bally, WMS, and Shuffle Master. Light & Wonder’s operations target licensed gaming establishments, online gaming operators, social casino players, and charitable gaming organizations across the United States and internationally, leveraging advanced technology and a deep content library to engage players across multiple platforms. The company continues to invest in research and development to deliver world-class gaming content and hardware showcased at major gaming industry events. Its comprehensive range of products and services positions it as a leading entity in the regulated gaming and lottery space, catering to a broad spectrum of customers from casino operators to digital and mobile gamers.

Company News

APIChatGPT
  • Light & Wonder, Inc. Reports First Quarter 2026 Results

  • Light & Wonder to Report First Quarter 2026 Results

  • Light & Wonder (LNWO) Surpasses Q4 Earnings Estimates

  • Light & Wonder, Inc. Reports Fourth Quarter and Full Year 2025 Results

  • Light & Wonder: Playing The Margin Game

  • Light & Wonder to Report Fourth Quarter and Full Year 2025 Results on Tuesday, February 24, 2026

  • Joint Statement Regarding Resolution of Litigation Between Aristocrat and Light & Wonder

  • PLAYSTUDIOS (NASDAQ:MYPS) versus Light & Wonder (NASDAQ:LNW) Critical Analysis

  • Light & Wonder, Inc. (NASDAQ:LNW) Receives Average Rating of “Hold” from Brokerages

  • Critical Review: Light & Wonder (NASDAQ:LNW) & Take-Two Interactive Software (NASDAQ:TTWO)

  • Golden Matrix Group (NASDAQ:GMGI) vs. Light & Wonder (NASDAQ:LNW) Critical Comparison

  • Light & Wonder, Inc. $LNW Shares Acquired by Federated Hermes Inc.

  • Critical Analysis: Galaxy Gaming (OTCMKTS:GLXZ) vs. Light & Wonder (NASDAQ:LNW)

  • Bank of Montreal Can Reduces Holdings in Light & Wonder, Inc. $LNW

  • Light & Wonder, Inc. (LNW) Q3 2025 Earnings Call Transcript

  • Compared to Estimates, Light & Wonder (LNW) Q3 Earnings: A Look at Key Metrics

  • Light & Wonder (LNW) Q3 Earnings Top Estimates

  • Light & Wonder, Inc. Reports Third Quarter 2025 Results

  • Light & Wonder, Inc. (NASDAQ:LNW) Receives Average Recommendation of “Hold” from Analysts

  • Ethic Inc. Lowers Stock Holdings in Light & Wonder, Inc. $LNW