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Light & Wonder(LNW) - 2025 Q3 - Earnings Call Presentation
2025-11-05 21:30
Financial Performance - Consolidated revenue increased by 3% year-over-year to $841 million[9,63], driven by Gaming and iGaming revenue growth[63] - Consolidated AEBITDA increased by 18% year-over-year to $375 million[9,63], with margin expansion across all businesses[63] - Adjusted NPATA increased by 25% year-over-year to $153 million[9,63], benefiting from revenue growth and expanded AEBITDA margins[63] - Adjusted NPATA per share (EPSa) increased 35% year-over-year to $1.81[9,63] Segment Results - Gaming revenue increased by 4% year-over-year to $558 million[19,23], driven by Gaming operations and Table products[23] - SciPlay revenue decreased by 4% year-over-year to $197 million[19,23], but AEBITDA increased by 8% to $71 million[23] - iGaming revenue increased by 16% year-over-year to $86 million[19,23], with AEBITDA increasing by 42% to $34 million[23] Key Metrics - Recurring revenue accounted for approximately 69% of consolidated revenue, totaling $580 million, a 14% year-over-year increase[9] - North America installed base increased 42% year-over-year to 47,240 units, including over 11,250 units from Grover Gaming[29,33] - Wagers processed through OGS in iGaming grew 23% year-over-year to $28 billion[52,53] Capital Allocation - $111 million was returned to shareholders through share repurchases in 3Q25[9] - The company maintains a net debt leverage ratio of 3.5x[78]