Light & Wonder recently announced its third-quarter 2024 financial results, showcasing strong growth and expanded business operations. This marks the company’s ninth consecutive quarter of double-digit revenue growth, signaling continued momentum. The company’s diversified portfolio and commitment to innovation are core to its ongoing success.

  • Third-quarter revenue grew 12%, driven by solid performance across all business areas. Gaming revenue saw a strong 15% increase, supported by a 38% rise in global gaming machine sales. This growth highlights Light & Wonder’s effective strategy in expanding its gaming footprint.
  • SciPlay revenue increased 5% to $206 million, bolstered by the social casino business and high player engagement. The direct-to-consumer platform remained robust, accounting for 12% of total SciPlay revenue. These results reflect effective monetization and strong marketing.
  • iGaming revenue rose 6%, driven by North American momentum and new content launches. However, the previous year’s figures included a $3 million license termination fee, affecting comparative growth. Despite this, iGaming continues to show promising growth within Light & Wonder’s portfolio.
  • The company returned $44 million to shareholders through share repurchases, showing commitment to shareholder value. This is part of a larger capital return strategy focused on sustained financial growth. Light & Wonder’s financial strategies are reinforced by a healthy balance sheet.
  • Added to the S&P/ASX 100 Index in September, strengthening its position in the market. This reflects the company’s growing impact and recognition in global financial markets. Being listed enhances visibility among investors.
  • Legal challenges arose with a preliminary injunction affecting the DRAGON TRAIN game sales. The company is taking steps to mitigate disruption by leveraging its diverse game portfolio. Replacement efforts have been effective, with 95% of affected units converted to other titles.
  • Gaming segment AEBITDA increased 14% to $267 million, highlighting strong operational profitability. The North American gaming installed base grew 7% year-over-year, reflecting demand for the company’s high-quality gaming cabinets. This segment remains a core contributor to Light & Wonder’s growth.
  • The company remains committed to its $1.4 billion AEBITDA target for fiscal year 2025. Plans include further R&D investments and capital allocation to sustain long-term growth. Light & Wonder’s strategies are designed to keep them competitive and forward-focused.