Light & Wonder, Inc. (LNW)

US — Consumer Cyclical Sector
Peers: CDRO  INSE  IGT  ACEL  AGS  EVRI  CHDN 

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Key Metrics & Ratings

  • symbol LNW
  • Rev/Share 37.7176
  • Book/Share 7.2941
  • PB 12.4648
  • Debt/Equity 0.0839
  • CurrentRatio 1.5724
  • ROIC 0.1179

 

  • MktCap 7671702312.0
  • FreeCF/Share 3.4353
  • PFCF 26.273
  • PE 23.0006
  • Debt/Assets 0.0095
  • DivYield 0
  • ROE 0.4634

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 2
  • P/B Score 1
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade LNW Citigroup Neutral Buy -- -- Feb. 19, 2025
Resumed LNW B. Riley Securities -- Buy -- $120 Oct. 8, 2024
Upgrade LNW UBS Neutral Buy -- -- Sept. 25, 2024
Initiation LNW Maxim Group -- Buy -- $144 Aug. 26, 2024

News

Light & Wonder: Lower Growth, Smaller Premium
LNW
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

Light & Wonder's focus is now on Gaming, SciPlay, and iGaming, with recent acquisitions and strong buyback activity shaping its future. Q1 FY25 saw margin and cash flow improvements, but revenue growth slowed, and the stock corrected from premium valuations to fair value. Despite robust buybacks and improving EPS, valuation remains above peers, and debt levels are still a concern as growth moderates.

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image for news Light & Wonder: Lower Growth, Smaller Premium
Light & Wonder Is A High-Margin Growth Compounder To Buy
LNW
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Positive

Light & Wonder is evolving into a high-margin, tech-enabled content platform with strong recurring revenues and an expanding digital footprint, despite a modest revenue miss. Gaming revenues are steady, but profitability is the highlight with consolidated AEBITDA growing 11% and gaming margins expanding to 51%. The company is shifting towards more recurring revenue streams, with significant growth in its SciPlay and iGaming segments, and operational leverage improving.

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image for news Light & Wonder Is A High-Margin Growth Compounder To Buy
Light & Wonder Q1 Earnings Beat Estimates on Higher Revenues
LNW
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Positive

LNW reports higher revenues year over year in the first quarter of 2025, backed by solid demand in multiple verticals.

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image for news Light & Wonder Q1 Earnings Beat Estimates on Higher Revenues
Light & Wonder, Inc. (LNW) Q1 2025 Earnings Call Transcript
LNW
Published: May 07, 2025 by: Seeking Alpha
Sentiment: Neutral

Light & Wonder, Inc. (NASDAQ:LNW ) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Company Participants Nick Zangari - SVP, IR Matt Wilson - CEO, President & Director Oliver Chow - EVP, CFO & Treasurer Conference Call Participants Barry Jonas - Truist Matt Ryan - Barrenjoey Chad Beynon - Macquarie Andre Fromyhr - UBS David Katz - Jefferies Rohan Gallagher - Jarden Jeff Stantial - Stifel Rohan Sundram - MST Adrian Lemme - Citigroup Justin Barratt - CLSA Paul Mason - Evans & Partners Operator Welcome to the Light & Wonder 2025 Third Quarter Earnings Conference Call. …

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image for news Light & Wonder, Inc. (LNW) Q1 2025 Earnings Call Transcript
Light & Wonder (LNW) Reports Q1 Earnings: What Key Metrics Have to Say
LNW
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Light & Wonder (LNW) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Read More
image for news Light & Wonder (LNW) Reports Q1 Earnings: What Key Metrics Have to Say
Light & Wonder (LNW) Q1 Earnings Beat Estimates
LNW
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Light & Wonder (LNW) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.93 per share a year ago.

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image for news Light & Wonder (LNW) Q1 Earnings Beat Estimates
Unlocking Q1 Potential of Light & Wonder (LNW): Exploring Wall Street Estimates for Key Metrics
LNW
Published: May 06, 2025 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of Light & Wonder (LNW) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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image for news Unlocking Q1 Potential of Light & Wonder (LNW): Exploring Wall Street Estimates for Key Metrics
LNW Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW
Published: April 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public.

Read More
image for news LNW Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW Investor News: Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
LNW
Published: April 25, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , April 25, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. So what: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news LNW Investor News: Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
Here's Why Light & Wonder (LNW) is a Strong Growth Stock
LNW
Published: April 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Here's Why Light & Wonder (LNW) is a Strong Growth Stock
Here's Why Light & Wonder (LNW) is a Strong Value Stock
LNW
Published: April 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Read More
image for news Here's Why Light & Wonder (LNW) is a Strong Value Stock
Why Light & Wonder (LNW) is a Top Growth Stock for the Long-Term
LNW
Published: April 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Why Light & Wonder (LNW) is a Top Growth Stock for the Long-Term
Why Light & Wonder (LNW) is a Top Value Stock for the Long-Term
LNW
Published: April 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Read More
image for news Why Light & Wonder (LNW) is a Top Value Stock for the Long-Term
Light & Wonder: A Bargain At First Glance, But Trades Above Peers After 10% Drop
LNW
Published: March 31, 2025 by: Seeking Alpha
Sentiment: Positive

Light & Wonder successfully turned around by selling lottery and sports betting divisions, reducing debt, and focusing on digital gaming, resulting in a 900% stock price increase. Post-restructuring, Light & Wonder's margins improved significantly, with gross margins jumping from 60% to 70% and EBIT margins from the early teens to the low twenties. Despite strong fundamentals and growth, Light & Wonder appears slightly overvalued compared to industry peers, suggesting a 'Hold' rating with a price target of $85.

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image for news Light & Wonder: A Bargain At First Glance, But Trades Above Peers After 10% Drop
Here's Why Light & Wonder (LNW) is a Strong Momentum Stock
LNW
Published: March 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Here's Why Light & Wonder (LNW) is a Strong Momentum Stock
Why Light & Wonder (LNW) is a Top Momentum Stock for the Long-Term
LNW
Published: March 07, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Why Light & Wonder (LNW) is a Top Momentum Stock for the Long-Term
Top 3 Consumer Stocks That May Collapse In March
ADT, LNW, YUM
Published: March 03, 2025 by: Benzinga
Sentiment: Negative

As of March 3, 2025, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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image for news Top 3 Consumer Stocks That May Collapse In March
Light & Wonder (LNW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
LNW
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Light & Wonder (LNW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Read More
image for news Light & Wonder (LNW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Light & Wonder (LNW) Q4 Earnings and Revenues Surpass Estimates
LNW
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Light & Wonder (LNW) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.73 per share a year ago.

Read More
image for news Light & Wonder (LNW) Q4 Earnings and Revenues Surpass Estimates
Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW
Published: February 24, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public.

Read More
image for news Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW
Published: February 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public.

Read More
image for news Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
LNW
Published: February 20, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Feb. 20, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. So What: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
Light & Wonder Boosts Portfolio With Strategic Buyout: Stock to Gain?
LNW
Published: February 20, 2025 by: Zacks Investment Research
Sentiment: Positive

This buyout of Grover Charitable Gaming is likely to boost LNW's commercial prospects in the fast-growing charitable gaming space.

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image for news Light & Wonder Boosts Portfolio With Strategic Buyout: Stock to Gain?
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation – LNW
LNW
Published: February 19, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Rosen Law Firm PA WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ:LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news ROSEN, LEADING TRIAL ATTORNEYS, Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation – LNW
Light & Wonder Announces Strategic Acquisition of Grover Gaming's Charitable Gaming Assets
LNW
Published: February 18, 2025 by: Business Wire
Sentiment: Neutral

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries “Light & Wonder,” “L&W” or the “Company”) today announced that it has entered into a definitive agreement to acquire the charitable gaming assets (“Grover Charitable Gaming”) of Grover Gaming, Inc. and G2 Gaming, Inc. (together, “Grover Gaming”) for total consideration of $850 million cash, subject to customary purchase price adjustments, and a four-year revenue based earn-out of u.

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image for news Light & Wonder Announces Strategic Acquisition of Grover Gaming's Charitable Gaming Assets
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
LNW
Published: February 17, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / February 17, 2025 / WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ:LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news ROSEN, LEADING TRIAL ATTORNEYS, Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW
Published: February 16, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 16, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public.

Read More
image for news Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW
Published: February 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 13, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public.

Read More
image for news Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Strength Seen in Light & Wonder (LNW): Can Its 11.0% Jump Turn into More Strength?
LNW
Published: February 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Light & Wonder (LNW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Read More
image for news Strength Seen in Light & Wonder (LNW): Can Its 11.0% Jump Turn into More Strength?
Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
LNW
Published: February 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public.

Read More
image for news Light & Wonder, Inc. Investor News: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

About Light & Wonder, Inc. (LNW)

  • IPO Date 1984-08-23
  • Website https://www.scientificgames.com
  • Industry Gambling, Resorts & Casinos
  • CEO Mr. Matthew R. Wilson
  • Employees 6800

Light & Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Light & Wonder, Inc. was incorporated in 1984 and is based in Las Vegas, Nevada.