Light & Wonder just wrapped up 2024 on a high note, reporting record-breaking revenue numbers. The company saw solid growth across gaming, iGaming, and social casino platforms. Light & Wonder earnings hit $3.2 billion for the year, reflecting strong market performance.

• Gaming revenue climbed 12% to $2.1 billion, driven by a 22% rise in gaming machine sales, fueled by market share gains in North America and Australia. Gaming systems revenue increased 13%, supported by innovative software and hardware solutions.

• SciPlay revenue rose 6% to $821 million, surpassing social casino market growth. The company expanded its high-margin direct-to-consumer channel, which accounted for 11% of total SciPlay revenue.

• iGaming revenue grew 9% to $299 million, reflecting strong U.S. and international market demand. The company’s content and platform strategy helped drive this expansion.

• Operating income increased by 29%, with consolidated AEBITDA up 11% to $1.24 billion.

• The company announced an $850 million acquisition of Grover Gaming’s charitable gaming business, expanding its presence in the land-based regulated gaming market. The deal is expected to close in Q2 2025.

• Light & Wonder’s total debt stood at $3.9 billion at year-end. A recent credit agreement amendment increased revolving commitments to $1 billion and extended the maturity to 2030.

• The company settled an antitrust case regarding its automatic card shuffler business for $72.5 million. The claims, dating back to 2009, have now been resolved without an admission of liability.

• Looking ahead, Light & Wonder expects Q1 2025 consolidated AEBITDA growth to remain in the low double-digits. The company is also reviewing its Australian Securities Exchange (ASX) listing, considering a dual primary or sole listing in Australia.

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