Welcome to our dedicated page for Light & Wonder news (Ticker: LNW), a resource for investors and traders seeking the latest updates and insights on Light & Wonder stock.
Light & Wonder (LNW) drives innovation in gaming technology through electronic gaming machines, digital content via SciPlay, and iGaming solutions. This page provides authorized updates on corporate developments, financial milestones, and product innovations shaping the global gaming landscape.
Access consolidated press releases, earnings reports, and strategic announcements from Light & Wonder. Investors will find timely updates on regulatory compliance progress, partnership agreements, and market expansion initiatives across casino, mobile gaming, and digital platforms.
Our news collection covers quarterly financial results, product launches, leadership changes, and industry event participation. Content is curated to help stakeholders track operational performance in electronic gaming hardware manufacturing, social casino trends through SciPlay, and emerging iGaming technologies.
Bookmark this page for streamlined access to Light & Wonder's official communications. Check regularly for updates reflecting the company's position in competitive markets and its technological advancements in regulated gaming ecosystems worldwide.
Light & Wonder (NASDAQ and ASX: LNW) will release its Q2 2024 financial results on August 7, 2024, after market close. The company will also host an investor conference call and webcast at 4:30 p.m. U.S. Eastern Time the same day. Investors are encouraged to pre-register for the call to receive a unique passcode and PIN for immediate access. The webcast will be available on Light & Wonder's website and archived for later viewing.
Light & Wonder (NASDAQ: LNW) announced a new three-year $1 billion share repurchase program, replacing a prior $750 million program that concluded on June 13, 2024. The new program will run through June 12, 2027, and reflects confidence in continued strong business performance. The previous program repurchased 11.2 million shares at an average price of $66.72, a 28% discount to the current price of $92.35. CEO Matt Wilson highlighted the company's ongoing growth strategy and AEBITDA target of $1.4 billion for 2025. CFO Oliver Chow emphasized the financial flexibility and value creation potential of the new repurchase program.
Light & Wonder, Inc. (NASDAQ and ASX: LNW) reported a 13% year-over-year revenue growth in the first quarter of 2024, driven by strong gaming machine sales and record SciPlay and iGaming revenue. The company's consolidated revenue reached $756 million, with net income of $82 million and strong cash flow generation. The principal face value of debt outstanding was $3.9 billion, translating to a net debt leverage ratio of 3.0x. Light & Wonder returned $25 million of capital to shareholders through a share repurchase program. The company's financial highlights included a 13% increase in consolidated AEBITDA, an adjusted NPATA of $105 million, and free cash flow of $93 million. Gaming revenue grew by 14%, SciPlay revenue by 11%, and iGaming revenue by 14%. Gaming operations led the revenue growth, while SciPlay achieved record revenue levels. iGaming revenue reflected continued momentum in the U.S. and international markets. Capital expenditures in the first quarter were $66 million.
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