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.
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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.