Light & Wonder (LNW) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Light & Wonder reported revenue of $774 million for the quarter ended March 2025, reflecting a 2.4% increase year-over-year, but a revenue surprise of -4.28% compared to the Zacks Consensus Estimate of $808.58 million [1] - The company's EPS was $1.35, up from $0.93 in the same quarter last year, resulting in an EPS surprise of +15.38% against the consensus estimate of $1.17 [1] Revenue Performance - SciPlay revenue was $202 million, below the average estimate of $222.59 million, representing a year-over-year decline of -1.9% [4] - Gaming revenue reached $495 million, slightly below the average estimate of $511.28 million, with a year-over-year increase of +4% [4] - iGaming revenue was reported at $77 million, also below the average estimate of $81.40 million, showing a year-over-year growth of +4.1% [4] AEBITDA Metrics - AEBITDA for Gaming was $254 million, closely matching the average estimate of $254.30 million [4] - AEBITDA for Corporate was reported at -$34 million, better than the average estimate of -$38.93 million [4] - AEBITDA for iGaming was $27 million, slightly above the average estimate of $26.78 million [4] - AEBITDA for SciPlay was $64 million, below the average estimate of $69.06 million [4] Stock Performance - Light & Wonder shares have returned +20.7% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]