Light & Wonder Stock Price, News & Analysis

Light & Wonder, Inc. (NASDAQ: LNW) announced its financial results for the first quarter of 2023 will be released on May 9, 2023, after market close. A conference call to discuss these results will take place on the same day at 4:30 p.m. Eastern Time. Pre-registration for participants is encouraged, allowing immediate access to the call. Callers can dial in at US Toll Free: +1 (833) 470-1428 or International: +1 (204) 525-0658 with Conference ID: 348332.

Additionally, the webcast will be accessible via the Company's website, and a replay will be available about one hour after the call and archived for later access. Investors can contact Investor Relations at +1 (702) 532-7614 for further inquiries.

Light & Wonder (NASDAQ: LNW) announced its evaluation of a potential secondary listing on the Australian Securities Exchange (ASX) to enhance shareholder value and market presence. The Board sees significant benefits, including greater visibility in Australia, a key market for its gaming business, and access to Australian institutional investors to complement its US shareholder base. Executive Chair Jamie Odell emphasized the ASX's reputation as a premium market for gaming companies. However, there is no guarantee that the Company will pursue this listing, with further updates expected after the evaluation process.

Light & Wonder reported an 18% revenue growth in Q4 2022, totaling $682 million, and a 17% increase for the full year, reaching $2.5 billion. Gaming revenue surged 18% to $438 million, driven by a 41% increase in Gaming machine sales. SciPlay set a record with $182 million in revenue, marking an 18% growth, while iGaming revenue rose 15%.

Despite these gains, net income fell to $21 million from $62 million year-over-year, leading to a full-year net loss of $176 million. The company returned $413 million to shareholders through share repurchases this year and maintained a net debt leverage ratio of 3.3x.

Light & Wonder, Inc. (NASDAQ: LNW) will release its financial results for the fourth quarter and the year ended December 31, 2022 on March 1, 2023, after market close. The Company will host an investor conference call and webcast at 4:30 p.m. Eastern Time the same day to discuss the results. Participants can pre-register for the call to receive a conference passcode. The call will be accessible via Light & Wonder's website, with a replay available afterward. Interested investors can also dial in directly using the provided numbers for the US and international calls.

Light & Wonder (NASDAQ: LNW) announces the launch of Wonder 500™, a new gaming product developed in-house, aimed at enhancing player engagement in the UK market. This product responds to operator feedback and regulatory changes, featuring a £2 maximum stake and up to 500x win potential. It will be exclusive to Sky Betting & Gaming with titles like Mighty Black Knight™, Spartacus™, and Rod & Annette Go Fishing™ launching this month. The company aims to adapt to shifting player dynamics and regulatory challenges while promoting responsible gaming.