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, Inc. (LNW) features frequently in financial and corporate news as a cross-platform global games company with three complementary segments: Gaming, SciPlay and iGaming. News coverage for LNW often centers on its quarterly results, capital allocation decisions, listing strategy and developments across its games portfolio.
Recent earnings releases highlight topics such as growth in Gaming operations, record iGaming revenue, and trends in SciPlay’s direct-to-consumer revenue. These updates also discuss segment AEBITDA, Adjusted NPATA, and free cash flow, along with commentary from senior leadership on game performance, content roadmap and cross-platform strategy. Investors following LNW news can see how factors like macroeconomic conditions, customer purchasing behavior, and integration of acquisitions such as Grover charitable gaming influence reported results.
Another key theme in Light & Wonder news is its capital markets and listing strategy. The company has announced a transition from a dual listing on Nasdaq and the Australian Securities Exchange (ASX) to a sole primary listing on the ASX. Related press releases provide detailed timetables for the Nasdaq delisting, guidance for shareholders on converting shares into CHESS Depositary Interests, and explanations of the rationale for consolidating trading liquidity on the ASX.
LNW news items also cover financing and capital structure, including the pricing and completion of senior unsecured notes due 2033 and the use of proceeds to refinance existing debt and support general corporate purposes. Additional updates may include legal proceedings, such as litigation developments in Nevada, and corporate governance or leadership changes disclosed through press releases and SEC filings. For investors and observers, the LNW news feed offers a consolidated view of these operational, financial, legal and listing-related developments over time.
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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