Light & Wonder Inc

Light & Wonder, Inc. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services. The SciPlay segment publishes digital games on mobile and web platforms. The iGaming Segment provides a comprehensive suite of digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.

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Light & Wonder Inc (LNW) reports record revenue growth and outlines $1.4B AEBITDA target

Light & Wonder Inc (LNW) delivered strong financial performance in Q4 2022, with record revenue growth and a clear roadmap to achieve long-term targets.
The company's focus on strategic investments, capital management, and market expansion positions it well for sustained growth and shareholder value creation.
While facing challenges like supply chain disruptions and market competition, Light & Wonder Inc (LNW) remains confident in its ability to navigate risks and capitalize on opportunities.
By leveraging strengths in key business segments and pursuing growth initiatives, Light & Wonder Inc (LNW) aims to solidify its position in the gaming industry and drive future profitability.

Light & Wonder Inc (LNW) reports robust Q1 performance and strategic growth plans

Light & Wonder Inc (LNW) delivered a strong Q1 performance with record revenues and operational growth across key segments, showcasing financial strength and strategic focus.
While facing legal expense challenges and potential macroeconomic uncertainties, the company's commitment to shareholder value, market expansion, and operational excellence positions it for future success.
LNW's emphasis on cash flow generation, market expansion, and strategic capital allocation underscores its resilience and growth potential in the dynamic gaming industry landscape.

Light & Wonder Inc reports strong Q2 earnings and strategic acquisitions

Light & Wonder Inc's Q2 2023 performance reflects robust revenue growth and strategic acquisitions. Despite challenges, the company remains focused on capital priorities and driving shareholder value through disciplined investment strategies.

Light & Wonder Inc (LNW) reports robust Q3 performance and eyes market expansion

Light & Wonder Inc (LNW) delivered a robust performance in Q3 2023, with strong revenue growth, margin improvement, and operational efficiency across its gaming, SciPlay, and iGaming segments.
The company's strategic focus on cost optimization, margin enhancement, and capital management has resulted in a healthy balance sheet and strong free cash flow conversion rate, positioning it for continued growth and success.
While facing challenges in maintaining growth momentum and optimizing margins, Light & Wonder Inc (LNW) has opportunities for market expansion, innovation, and sustainable profitability through strategic investments and operational improvements.
Overall, Light & Wonder Inc (LNW) showcases financial strength, operational excellence, and a clear growth trajectory, supported by a solid balance sheet, strong performance in key segments, and a disciplined approach to capital allocation.

Light & Wonder Inc (LNW) reports record revenue, eyes international expansion

Light & Wonder Inc (LNW) delivered strong financial results, showcasing growth in key segments and strategic positioning for the future. While facing challenges in market dynamics, the company's focus on sustainable growth and expansion into new markets presents significant opportunities for long-term success.

Light & Wonder Inc (LNW) reports stellar Q1 performance and eyes $1.4 billion target

Light & Wonder Inc (LNW) delivered a robust performance in Q1 2024, showcasing strong financial results, operational excellence, and a positive outlook across its gaming operations, SciPlay, and iGaming segments. With a focus on growth efficiency, margin enhancement, and strategic investments, the company aims to achieve its $1.4 billion target for the next year through multiple pathways to success.

Light & Wonder Inc (LNW) excels in Q2 earnings, eyes gaming market growth

Light & Wonder Inc (LNW) delivered outstanding Q2 results, showcasing robust revenue growth and operational performance across all segments.
The company's focus on gaming, particularly through SciPlay, and strategic financial management underscore its position for continued success and growth.
While facing challenges in a competitive market, Light & Wonder Inc (LNW) has opportunities to drive further growth through market expansion, strategic investments, and innovation.

Light & Wonder Inc (LNW) reports robust Q3 growth and eyes international expansion

Light & Wonder Inc (LNW) delivered strong financial results in Q3 2024, showcasing revenue growth, operational excellence, and strategic investments in growth areas.
While facing challenges in optimizing operations and managing debt leverage, LNW remains focused on shareholder value, international expansion, and sustained growth.
The company's performance highlights its resilience and adaptability in a competitive market, setting the stage for continued success and innovation in the gaming industry.

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Light & Wonder, Inc. is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services. The SciPlay segment involves the development and publishing of digital games on mobile and web platforms. The iGaming segment focuses on the provision of digital gaming content, distribution platforms, player account management systems, and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.

Endeavor Group Holdings

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company (“Endeavor”), today closed its previously announced acquisition of OpenBet, a leading content, platform and service provider to the sports betting industry, from Light & Wonder, Inc. (Nasdaq: LNW) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of Endeavor's Class A common stock. “Th

Endeavor Completes Acquisition of Sports Betting Company OpenBet

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LAS VEGAS--(BUSINESS WIRE)--With a new name, brand identity and vision, a leading cross-platform global game company Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W” or the “Company”) will be unveiling the next phase of its transformation journey at this year's Global Gaming Expo (“G2E”) (Oct. 10-13) at The Venetian Expo in Las Vegas, Nevada. On display will be groundbreaking innovations and unparalleled gaming experiences all led by L&W employees known as “Creators”

Light & Wonder to Debut Next Phase of Transformation Journey at G2E on October 10-13

Why Light & Wonder Stock Went Dark This Week

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W” or the “Company”), today announced that Matt Wilson, Light & Wonder's Executive Vice President and Group Chief Executive of Gaming, has been appointed interim Chief Executive Officer while also continuing in his current role. In connection with the appointment, Barry Cottle has stepped down as President and Chief Executive Officer and a member of the Company's Board of Directors and will supp

Light & Wonder Announces Leadership Transition

Light & Wonder, Inc. (NASDAQ:LNW ) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants James Bombassei - SVP, IR Barry Cottle - CEO, President & Director Constance James - EVP, CFO, Principal Accounting Officer, Treasurer & Corporate Secretary Conference Call Participants Barry Jonas - Truist Securities David Katz - Jefferies Ryan Sigdahl - Craig-Hallum Jeffrey Stantial - Stifel, Nicolaus & Company Operator Welcome to the Light & Wonder 2022 Second Quarter Investor Conference Call. [Operator Instructions].

Light & Wonder, Inc. (LNW) CEO Barry Cottle on Q2 2022 Results - Earnings Call Transcript

Light & Wonder (LNW) delivered earnings and revenue surprises of -800% and 2.05%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Light & Wonder (LNW) Reports Q2 Loss, Tops Revenue Estimates

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW) (formerly known as Scientific Games Corporation) (“Light & Wonder,” “L&W,” or the “Company”) today reported results for the second quarter ended June 30, 2022. Barry Cottle, President and Chief Executive Officer of Light & Wonder, said, “We made great strides in the second quarter as we continued to execute on our vision and the transformation of our Company. We closed on the sale of our Lottery business for $5.7 bil

Light & Wonder, Inc. Reports Second Quarter 2022 Results

Light & Wonder (LNW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Light & Wonder (LNW) Ahead of Earnings?

Light & Wonder (LNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Light & Wonder (LNW) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W” or the “Company”) today announced the release of an independent report, “U.S. iGaming State Tax Revenue Potential,” which was created by VIXIO GamblingCompliance at the Company's request. The independent, first-of-its-kind report forecasts state-by-state projections of potential iGaming tax revenue in the United States. According to the report, states are projected to realize $6.35 billion in ann

New Independent VIXIO GamblingCompliance Report Commissioned by Light & Wonder Estimates States Could Generate $6.35 Billion in Annual Tax Revenue from Legal U.S. iGaming

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW), formerly known as Scientific Games Corporation (“Light & Wonder” or the “Company”), announced today it will release its financial results for the second quarter ended June 30, 2022 on Tuesday, August 9, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conferen

Light & Wonder to Report Second Quarter 2022 Results on Tuesday, August 9, 2022

LAS VEGAS--(BUSINESS WIRE)--The Las Vegas-based, leading cross-platform global game company Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” L&W” or the “Company”) today announced that its Sports Betting business (“OpenBet”) has successfully delivered its full turnkey platform to SAZKA a.s. and its Czech-facing sportsbook brand, Sazkabet. Sazkabet has entrusted OpenBet to power the next generation of its online and mobile sportsbook offering as part of a new agreement. Sazkabet

OpenBet Sports Betting Technology Powers Czech Lottery Company SAZKA a.s.' Sportsbook Arm, Sazkabet

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW), formerly known as Scientific Games Corporation (“Light & Wonder” or the “Company”), today announced that it has entered into an amendment to its definitive purchase agreement with Endeavor Operating Company, LLC and Endeavor Group Holdings, Inc. (NYSE: EDR) (collectively, “Endeavor”), a global sports and entertainment company, related to the sale of its Sports Betting business, OpenBet. Under the terms of the amended purcha

Light & Wonder Enters into Amended Purchase Agreement for the Sale of OpenBet to Endeavor

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LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW), formerly known as Scientific Games Corporation (“Light & Wonder” or the “Company”), is hosting its 2022 Investor Day today and providing an in-depth review of its strategy to drive sustainable double-digit growth and to drive long-term shareholder value. As part of the investor day, Light & Wonder is providing the following financial targets for 2022 through 2025: Double-digit growth with targeted 2025 Consolidated AEBI

Light & Wonder Provides Business Strategy Details and Long-Term Targets at 2022 Investor Day

Despite healthy revenue growth, Light & Wonder (LNW) report wider loss in first-quarter 2022 as it aims to transform itself to a cross-platform global gaming firm.

Light & Wonder (LNW) Q1 Loss Wider Than Expected, Revenues Top

Scientific Games (LNW) delivered earnings and revenue surprises of -75.61% and 3.24%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Scientific Games (LNW) Reports Q1 Loss, Tops Revenue Estimates

Scientific Games Corporation (NASDAQ:LNW ) Q1 2022 Earnings Conference Call May 10, 2022 4:00 PM ET Company Participants Jim Bombassei - Senior Vice President of Investor Relations Barry Cottle - Chief Executive Officer Connie James - Chief Financial Officer Conference Call Participants Barry Jonas - Truist Ryan Sigdahl - Craig-Hallum Jeff Stantial - Stifel Chad Beynon - Macquarie Zach Silverberg - Berenberg Operator Good afternoon and thank you for attending today's Scientific Games First Quarter 2022 Earnings Call. My name is Sam and I will be your moderator for today's call.

Scientific Games Corporation (LNW) CEO Barry Cottle on Q1 2022 Results - Earnings Call Transcript

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW), formerly known as Scientific Games Corporation (“Light & Wonder,” “L&W” or the “Company”), today announced that the Company has significantly increased the scope of its iGaming content capabilities with the acquisition of Playzido, a dynamic content creation platform provider and game supplier. Playzido's proprietary Remote Gaming Server (RGS) platform is one of the best in the iGaming industry for rapid custom game dev

Light & Wonder Increases Custom Content Capabilities through Acquisition of Open Game Development Platform and Content Provider Playzido

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW) (formerly known as Scientific Games Corporation) (“Light & Wonder,” “L&W,” or the “Company”) today reported results for the first quarter ended March 31, 2022. Barry Cottle, President and Chief Executive Officer of Light & Wonder, said, “We kicked off 2022 with a number of significant achievements and strong momentum across our businesses with strong revenue growth of 26% in the quarter. The sale of our Lottery Busin

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