NASDAQ$LNWO
Light & Wonder Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Light & Wonder's Q2 2024 results showcased strong growth, marking the 13th consecutive quarter of consolidated revenue increase and driven by robust gaming machine sales and expansion in gaming operations.
Light & Wonder reported a strong second quarter in 2024, with a 12% increase in consolidated revenue driven by growth across all business segments. Gaming revenue rose by 14%, SciPlay by 8%, and iGaming by 6%. The company's net income increased significantly, and they completed a share repurchase program while announcing a new one.
- Consolidated revenue increased by 12% year-over-year, marking the 13th consecutive quarter of growth.
- Gaming revenue grew by 14%, driven by global gaming machine sales and gaming operations expansion.
- SciPlay revenue increased by 8%, driven by the social casino business.
- iGaming revenue grew by 6%, reflecting continued momentum in North America.
Headline financials
Revenue & EPS history
Light & Wonder · Revenue · Quarterly
$818M
Revenue by segment
Light & Wonder · $266M total across 2 segments · Q3 2023
- SciPlay$196M+14.6%73.7%
- iGaming$70M+20.7%26.3%
Forward guidance
Light & Wonder continues to see improved earnings quality with consistent growth and healthy margins, all while investing back into the business to scale for the future.
Tailwinds
- Capitalizing on opportunities underpinned by scale and diversified product offerings.
- Strong progress in the Gaming business with expansion of units in the North American installed base.
- Global presence enables further product refinement and market penetration.
- Continued development of catalog of proven, evergreen franchises.
- Enhanced cash flow generation initiatives.
Headwinds
- Inability to successfully execute strategy.
- Risks relating to foreign operations.
- Impact of new tariffs imposed by the U.S. and foreign jurisdictions.
- U.S. and international economics and industry conditions, including increases in benchmark interest rates and the effects of inflation.
- Public perception of response to environmental, social and governance issues.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.1%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+0.0%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+41.5%
Q2 2017
Best reaction
-19.5%
Q1 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | +1.0% | -1.2% | |
| Q4 2025 | -2.7% | -7.6% | -14.6% | |
| Q3 2025 | +8.7% | +22.0% | +33.2% | |
| Q1 2025 | -14.0% | -5.3% | -7.1% | |
| Q4 2024 | +6.9% | +7.9% | -12.3% | |
| Q3 2024 | -10.9% | -10.0% | -9.8% | |
| Q2 2024 | +1.6% | -0.4% | +4.3% | |
| Q1 2024 | -6.4% | -5.9% | -0.2% | |
| Q4 2023 | +2.5% | +7.8% | +7.4% | |
| Q3 2023 | +8.9% | +8.9% | +5.4% | |
| Q2 2023 | +2.4% | +3.9% | +4.3% | |
| Q1 2023 | +2.5% | +4.4% | +13.2% | |
| Q4 2022 | +0.9% | -0.2% | -4.1% | |
| Q3 2022 | +3.0% | +9.2% | +13.8% | |
| Q2 2022 | +3.1% | +8.2% | -10.8% | |
| Q1 2022 | +0.3% | +9.2% | +12.1% | |
| Q4 2021 | -1.4% | -5.6% | -6.6% | |
| Q3 2021 | -2.3% | -8.8% | -20.1% | |
| Q2 2021 | +5.1% | +9.1% | +10.8% | |
| Q1 2021 | -0.1% | +4.3% | +34.4% | |
| Q4 2020 | +6.8% | -1.2% | -17.7% | |
| Q3 2020 | -0.2% | -1.2% | +7.6% | |
| Q2 2020 | +5.0% | +5.8% | +21.7% | |
| Q1 2020 | -11.4% | -10.6% | +27.4% | |
| Q4 2019 | -16.4% | -17.6% | -83.7% | |
| Q3 2019 | +20.6% | +16.6% | +5.5% | |
| Q2 2019 | +0.5% | -1.7% | -9.6% | |
| Q1 2019 | +8.6% | +6.6% | -3.5% | |
| Q4 2018 | +9.8% | +11.5% | -19.9% | |
| Q3 2018 | +4.0% | -4.9% | -20.9% | |
| Q2 2018 | -17.7% | -27.6% | -36.9% | |
| Q1 2018 | -3.4% | -3.1% | +11.1% | |
| Q4 2017 | -12.1% | -12.5% | -9.6% | |
| Q3 2017 | +1.7% | +1.4% | +11.7% | |
| Q2 2017 | +41.5% | +44.1% | +29.4% | |
| Q1 2017 | +3.7% | -0.4% | +4.1% | |
| Q4 2016 | +7.4% | +3.1% | +12.9% | |
| Q3 2016 | +0.9% | +7.0% | +31.3% | |
| Q2 2016 | -11.8% | -13.1% | -12.6% | |
| Q1 2016 | -6.7% | — | — | |
| Q4 2015 | +38.7% | — | — | |
| Q3 2015 | -18.8% | — | — | |
| Q2 2015 | -15.9% | — | — | |
| Q1 2015 | -4.8% | — | — | |
| Q4 2014 | -10.6% | — | — | |
| Q3 2014 | +22.9% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | -19.5% | — | — | |
| Q4 2013 | +18.0% | — | — | |
| Q3 2013 | +4.1% | — | — | |
| Q2 2013 | +7.8% | — | — | |
| Q1 2013 | -6.2% | — | — | |
| Q4 2012 | -6.9% | — | — | |
| Q3 2012 | -16.2% | — | — | |
| Q2 2012 | -19.4% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2011 | -15.8% | — | — | |
| Q2 2011 | -15.8% | — | — | |
| Q3 2011 | +6.3% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q1 2011 | +3.4% | — | — | |
| Q4 2010 | +5.5% | — | — | |
| Q4 2008 | +5.5% | — | — | |
| Q2 2010 | +5.5% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q2 2009 | -4.7% | — | — | |
| Q4 2009 | -4.7% | — | — |
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