NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of 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 fe ...

SAN FRANCISCO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Shares in Light & Wonder, a leading gaming technology company, are under pressure following a recent court ruling that questioned the legality of its popular Dragon Train® slot machines. The ruling has raised questions about the propriety of Light & Wonder's disclosures regarding the success of Dragon Train® and its prospects for continued revenue growth. Hagens Berman encourages Light & Wonder, Inc. (NASDAQ: LNW) investors who suffered substantial losses to ...

SAN DIEGO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating Light & Wonder, Inc. (NASDAQ: LNW) for potential violations of securities laws. Investors who have lost money in their investments are encouraged to learn more about potentially recovering their losses by contacting the firm. For additional details visit https://www.johnsonfistel.com/investigations/light-wonder-inc. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company shou ...

SAN FRANCISCO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Hagens Berman encourages Light & Wonder, Inc. (NASDAQ: LNW) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/lnw Contact the Firm Now: LNW@hbsslaw.com 844-916-0895 Investigation Into Light & Wonder, Inc. (LNW): The investigation focuses on Light & Wonder's disclosures about the success of its DRAG ...

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Light & Wonder, Inc. ("L&W" or the "Company") (NASDAQ:LNW) on behalf of L&W stockholders. Our investigation concerns whether L&W has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. D ...

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Light & Wonder, Inc. ("Light & Wonder" or "the Company") (NASDAQ: LNW). Investors who purchased Light & Wonder securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LNW. Investigation Details In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. Dis ...

A month has gone by since the last earnings report for Light & Wonder (LNW) . Shares have added about 5.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Light & Wonder due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Light & Wonder Q2 Earnings Top on Solid Revenue ...

John Rensten/DigitalVision via Getty Images Light & Wonder, Inc. (NASDAQ:LNW) has continued its great growth momentum even above previously anticipated levels, again exceeding revenue expectations with the recently reported Q2 financials. The reported revenues of $818 million beat Wall Street's estimates by $20.7 million, but the EPS of $0.90 missed by $0.14 despite consistent continued momentum. I believe that there needs to be some caution in extrapolating the growth much further, though. In my previous a ...

Light & Wonder, Inc. (LNW) reported solid second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported 8th consecutive quarter of double-digit revenue growth, which exemplified its portfolio strength and resilient business model. Bottom Line Net income in the reported quarter was $82 million or 90 cents per share, against a net loss of $1 million or a loss of a penny per share in the yea ...

Financial Data and Key Metrics Changes - Consolidated revenue increased 12% year-over-year to $818 million, marking the eighth consecutive quarter of double-digit growth [20] - Operating income rose to $175 million, an increase of $62 million over the prior year, driven by higher revenue and stronger margins [20] - Consolidated AEBITDA grew 17% to $330 million, resulting in a margin of 40% for the quarter [20] - Adjusted NPATA increased 40% year-over-year to $130 million, primarily due to revenue growth and margin expansion [20] Business Line Data and Key Metrics Changes - In Gaming, revenue was up 14% to $539 million, with global gaming machine sales growth of 32% and gaming systems growth of 14% [21] - SciPlay revenue increased 8% year-over-year to $205 million, driven by growth in major social casino games [25] - iGaming maintained record revenue of $74 million, up 6%, with AEBITDA at $24 million and a margin of 32% [28] Market Data and Key Metrics Changes - North American installed base grew 7% to 32,566 units, with revenue per day rising 4% year-over-year [22] - International unit shipments increased 33% to over 5,500 units, with North America up 16% year-over-year [23] - The OGS platform delivered record gross gaming revenue volumes in the US and Canada, with year-over-year increases of 25% in both regions [15] Company Strategy and Development Direction - The company is focused on a robust product roadmap and cross-platform strategy to capitalize on growth opportunities in both land-based and digital markets [4][5] - A new three-year $1 billion share repurchase program was authorized, reflecting confidence in the company's value [5] - Continued investment in R&D and innovation is emphasized to enhance the overall gaming experience and market share [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the $1.4 billion adjusted AEBITDA target by 2025, citing strong operating momentum and investments made in various business segments [55] - The company is well-positioned to navigate the current M&A activity in the industry, focusing on executing its defined strategy [36] - Management highlighted the importance of maintaining a healthy balance sheet to support growth and capital deployment [30] Other Important Information - The company completed its first-ever share repurchase program and is seeing strong performance in its game franchises, with several titles performing exceptionally well [5][9] - The company is experiencing strong growth in the direct-to-consumer platform, which generated approximately 12% of SciPlay's total revenue [13] Q&A Session Summary Question: Impact of M&A on the market and positioning - Management believes the company is well-positioned amidst increased M&A activity, viewing it as a potential opportunity while focusing on executing its goals [36] Question: Current portfolio and future game releases - Management emphasized the importance of a strong R&D program and the momentum of existing game franchises, with several anticipated titles expected to drive future growth [39][40] Question: Higher restructuring and legal costs - Management indicated ongoing legal expenses are expected, with a projected corporate cost run rate of about $40 million as the business scales [42][43] Question: Share repurchase strategy - Management confirmed a programmatic approach to share repurchases, maintaining flexibility to capitalize on market opportunities while focusing on growth [45][46] Question: Direct-to-consumer growth and competition from sweepstakes - Management noted significant growth in direct-to-consumer revenue, while monitoring the emerging sweepstakes market closely [50][51] Question: Confidence in achieving the $1.4 billion AEBITDA target - Management expressed strong confidence in reaching the target, citing operational momentum and strategic investments [55] Question: Opportunities in international markets - Management highlighted growth in traditional Asian markets and emerging opportunities in the UAE and Japan as key areas for future expansion [58][59]