Light & Wonder Stock Price, News & Analysis

Light & Wonder (NASDAQ: LNW) has announced that its subsidiary, Light and Wonder International, plans to offer $1 billion in senior unsecured notes due 2033 through a private offering. The proceeds will be used to:

• Repay outstanding borrowings under its revolving credit facility
• Redeem all $700 million of outstanding 7.000% senior unsecured notes due 2028
• Fund general corporate purposes, potentially including company equity repurchases

The notes will be guaranteed on a senior basis by Light & Wonder and certain subsidiaries, offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Light & Wonder (NASDAQ/ASX: LNW) reported Q2 2025 results with consolidated revenue of $809 million (down 1% YoY), while net income increased 16% to $95 million and Consolidated AEBITDA grew 7% to $352 million.

Key highlights include: 20th consecutive quarterly increase in premium installed base, addition of 845 North American Gaming units, successful completion of Grover acquisition with 600+ units added, and Board approval for sole primary ASX listing with Nasdaq delisting expected by November 2025. The company returned $266 million to shareholders through share repurchases in H1 2025 and approved an additional $500 million for buybacks.

Light & Wonder provided FY 2025 guidance with Consolidated AEBITDA expected between $1.43-1.47 billion and Adjusted NPATA between $550-575 million. The company maintains a net debt leverage ratio of 3.7x as of June 30, 2025.

Light & Wonder (NASDAQ: LNW) has announced a strategic partnership between its social gaming division SciPlay's JACKPOT PARTY mobile game and Carnival Cruise Line for a "Daily Cruise Giveaway" sweepstakes running from July 21 to August 4, 2025.

The promotion offers players aged 21 and older the chance to win daily cruise vouchers for two guests, with total prizes valued at $175,000. JACKPOT PARTY, a free-to-play mobile game with over 100 million global downloads, ranks among top-grossing mobile apps and features popular virtual slots like HUFF N' EVEN MORE PUFF and DANCING DRUMS LINK TREASURE.

Players can participate by downloading the JACKPOT PARTY mobile app and registering through the in-game sweepstakes portal, with no purchase necessary to enter or win.

Light & Wonder (NASDAQ: LNW) has scheduled its second quarter 2025 financial results release for Wednesday, August 6, 2025, after market close. The company will host an investor conference call and webcast at 4:30 p.m. ET on the same day.

Participants can pre-register for the call to receive a conference passcode and unique PIN for immediate access. The webcast will be available through the company's investor relations website, with a replay accessible approximately one hour after the event.

Light & Wonder (NASDAQ: LNW) hosted its 2025 Investor Day, outlining ambitious growth targets through 2028. The company reaffirmed its 2025 Consolidated AEBITDA target of $1.4 billion and revealed 2028 targets including Consolidated AEBITDA of $2.0 billion and doubling Adjusted NPATA per share to over $10.55. Key strategic initiatives across segments include: Gaming segment aims to expand North American Premium footprint market share by 400bps; SciPlay targets 30% ARPDAU increase; iGaming plans to grow global market share of 1st-party content by 300bps to over 10%. The company recently completed the Grover Charitable Gaming acquisition on May 16, 2025, which will be reported under the Gaming segment.

Light & Wonder (NASDAQ: LNW) has completed its acquisition of Grover Gaming's charitable gaming assets for $850 million in cash, with an additional potential $200 million earn-out based on revenue performance over four years. The acquisition strengthens Light & Wonder's position as a leading global cross-platform games company by expanding into the fast-growing charitable gaming market.

Matt Wilson, President and CEO of Light & Wonder, emphasized that Grover Gaming's leadership in charitable gaming aligns with their strategy to expand into complementary regulated markets. Brian Brown, former Grover Gaming CEO and now head of Light & Wonder's new division, expressed optimism about growth opportunities within the Light & Wonder ecosystem.

Light & Wonder (LNW) reported strong Q1 2025 results marking its 16th consecutive quarter of year-over-year revenue growth. The company achieved consolidated revenue of $774 million, up 2% YoY, with AEBITDA rising 11% to $311 million. Gaming revenue increased 4% to $495 million, while iGaming grew 4% to $77 million. SciPlay revenue slightly decreased by 2% to $202 million. The company returned $166 million to shareholders through share repurchases of approximately 1.9 million shares. Net income remained stable at $82 million, with EPS increasing 7% to $0.94. The company maintains its 2025 Consolidated AEBITDA target of $1.4 billion (pre-Grover transaction) and is proceeding with the strategic acquisition of Grover Gaming's charitable gaming business for $850 million, expected to close in Q2 2025.

Light & Wonder (NASDAQ/ASX: LNW) has announced its upcoming Investor Day scheduled for Tuesday, May 20, 2025, in New York City at 2:00 p.m. ET. The event will showcase presentations from key leadership including President and CEO Matt Wilson, CFO Oliver Chow, and business unit leaders, alongside an expert panel featuring Todd Eilers from Eilers & Krejcik Gaming.

The presentations will deliver a comprehensive overview of the company's business units, strategic priorities, and value creation opportunities. While in-person attendance is invitation-only for financial analysts and institutional investors, a live video webcast will be accessible through Light & Wonder's investor relations website. The company will provide presentation materials, GAAP financial measures reconciliation, and comparable non-GAAP metrics during the event.

Light & Wonder (NASDAQ and ASX: LNW) has scheduled its first quarter 2025 financial results release for Wednesday, May 7, 2025, after market close. The company will host an investor conference call and simultaneous webcast at 4:30 p.m. U.S. Eastern Time on the same day.

Participants can pre-register for the conference call to receive a passcode and unique PIN for immediate access. The event will be accessible via webcast through the company's investor relations website at explore.investors.lnw.com. A replay will be available approximately one hour after the webcast and archived on the website.

The conference call can be accessed through:

• US Toll Free: +1 (833) 470-1428
• Australia: +61 2 7908 3093
• International: +1 (404) 975-4839

Access Code: 402721