SAN FRANCISCO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Hagens Berman encourages Light & Wonder, Inc. (NASDAQ: LNW) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/lnw Contact the Firm Now: LNW@hbsslaw.com 844-916-0895 Investigation Into Light & Wonder, Inc. (LNW): The investigation focuses on Light & Wonder's disclosures about the success of its DRAG ...

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Light & Wonder, Inc. ("L&W" or the "Company") (NASDAQ:LNW) on behalf of L&W stockholders. Our investigation concerns whether L&W has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. D ...

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Light & Wonder, Inc. ("Light & Wonder" or "the Company") (NASDAQ: LNW). Investors who purchased Light & Wonder securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LNW. Investigation Details In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. Dis ...

A month has gone by since the last earnings report for Light & Wonder (LNW) . Shares have added about 5.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Light & Wonder due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Light & Wonder Q2 Earnings Top on Solid Revenue ...

John Rensten/DigitalVision via Getty Images Light & Wonder, Inc. (NASDAQ:LNW) has continued its great growth momentum even above previously anticipated levels, again exceeding revenue expectations with the recently reported Q2 financials. The reported revenues of $818 million beat Wall Street's estimates by $20.7 million, but the EPS of $0.90 missed by $0.14 despite consistent continued momentum. I believe that there needs to be some caution in extrapolating the growth much further, though. In my previous a ...

Light & Wonder, Inc. (LNW) reported solid second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported 8th consecutive quarter of double-digit revenue growth, which exemplified its portfolio strength and resilient business model. Bottom Line Net income in the reported quarter was $82 million or 90 cents per share, against a net loss of $1 million or a loss of a penny per share in the yea ...

Financial Data and Key Metrics Changes - Consolidated revenue increased 12% year-over-year to $818 million, marking the eighth consecutive quarter of double-digit growth [20] - Operating income rose to $175 million, an increase of $62 million over the prior year, driven by higher revenue and stronger margins [20] - Consolidated AEBITDA grew 17% to $330 million, resulting in a margin of 40% for the quarter [20] - Adjusted NPATA increased 40% year-over-year to $130 million, primarily due to revenue growth and margin expansion [20] Business Line Data and Key Metrics Changes - In Gaming, revenue was up 14% to $539 million, with global gaming machine sales growth of 32% and gaming systems growth of 14% [21] - SciPlay revenue increased 8% year-over-year to $205 million, driven by growth in major social casino games [25] - iGaming maintained record revenue of $74 million, up 6%, with AEBITDA at $24 million and a margin of 32% [28] Market Data and Key Metrics Changes - North American installed base grew 7% to 32,566 units, with revenue per day rising 4% year-over-year [22] - International unit shipments increased 33% to over 5,500 units, with North America up 16% year-over-year [23] - The OGS platform delivered record gross gaming revenue volumes in the US and Canada, with year-over-year increases of 25% in both regions [15] Company Strategy and Development Direction - The company is focused on a robust product roadmap and cross-platform strategy to capitalize on growth opportunities in both land-based and digital markets [4][5] - A new three-year $1 billion share repurchase program was authorized, reflecting confidence in the company's value [5] - Continued investment in R&D and innovation is emphasized to enhance the overall gaming experience and market share [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the $1.4 billion adjusted AEBITDA target by 2025, citing strong operating momentum and investments made in various business segments [55] - The company is well-positioned to navigate the current M&A activity in the industry, focusing on executing its defined strategy [36] - Management highlighted the importance of maintaining a healthy balance sheet to support growth and capital deployment [30] Other Important Information - The company completed its first-ever share repurchase program and is seeing strong performance in its game franchises, with several titles performing exceptionally well [5][9] - The company is experiencing strong growth in the direct-to-consumer platform, which generated approximately 12% of SciPlay's total revenue [13] Q&A Session Summary Question: Impact of M&A on the market and positioning - Management believes the company is well-positioned amidst increased M&A activity, viewing it as a potential opportunity while focusing on executing its goals [36] Question: Current portfolio and future game releases - Management emphasized the importance of a strong R&D program and the momentum of existing game franchises, with several anticipated titles expected to drive future growth [39][40] Question: Higher restructuring and legal costs - Management indicated ongoing legal expenses are expected, with a projected corporate cost run rate of about $40 million as the business scales [42][43] Question: Share repurchase strategy - Management confirmed a programmatic approach to share repurchases, maintaining flexibility to capitalize on market opportunities while focusing on growth [45][46] Question: Direct-to-consumer growth and competition from sweepstakes - Management noted significant growth in direct-to-consumer revenue, while monitoring the emerging sweepstakes market closely [50][51] Question: Confidence in achieving the $1.4 billion AEBITDA target - Management expressed strong confidence in reaching the target, citing operational momentum and strategic investments [55] Question: Opportunities in international markets - Management highlighted growth in traditional Asian markets and emerging opportunities in the UAE and Japan as key areas for future expansion [58][59]

Light & Wonder (LNW) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.54%. A quarter ago, it was expected that this instantwin lottery ticket maker would post earnings of $0.70 per share when it actually produced earnings of $0.93, delivering a surprise of 32.86%. Over the last fou ...

Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.001 par value LNW The Nasdaq Stock Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For ...

Light & Wonder, Inc. Reports Second Quarter 2024 Results 13th Consecutive Quarter of Consolidated Revenue Growth, an Increase of 12% Year-Over-Year Strong Gaming Machine Sales, Record Gaming Operations Unit Expansion in North American Installed Base and Margin Expansion Fueled Earnings Growth Completed Share Repurchase Program, Returned $175 Million to Shareholders during the First Half of 2024 and Announced New $1 Billion Program Added to the Russell 1000 Index on June 28, 2024 LAS VEGAS — August 7, 2024 — ...