NASDAQ$LNWO

Light & Wonder Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Light & Wonder reported Q3 2024 results with double-digit consolidated revenue growth.

Light & Wonder reported a 12% increase in consolidated revenue, driven by strong performance across all businesses. The company maintained healthy earnings growth and returned $44 million to shareholders through share repurchases.

  • Gaming revenue increased by 15% primarily driven by global Gaming machine sales growth.
  • SciPlay revenue grew by 5% driven by the social casino business.
  • iGaming revenue grew by 6% reflecting continued momentum in North America.
  • Returned $44 million of capital to shareholders through the repurchase of approximately 0.4 million shares of L&W common stock during the third quarter of 2024.

Headline financials

Total Revenue

$817M

Previous: $731M+11.8%
EPS

$0.71

Previous: $0.83-14.5%
SciPlay ARPDAU

$1.04

Previous: $0.96+8.3%
SciPlay AMRPPU

$113.49

Previous: $106.61+6.5%
iGaming Wagers

$22.8B

No prior period
Avg Machine Sales Price

$17.1K

Previous: $18.1K-5.6%
Capital Expenditures

-$71M

Previous: -$70M-1.4%
Free Cash Flow

$64M

Previous: $75M-14.7%
Net Income

$64M

Previous: $75M-14.7%
Operating Income

$159M

Previous: $147M+8.2%
Gross Profit

$136M

Previous: $127M+7.1%
Cash & Equivalents

$347M

Previous: $891M-61.1%
Total Assets

$5.6B

Previous: $5.89B-4.9%
R&D Expense

$66M

Previous: $55M+20.0%
Stock-Based Comp

$29M

Previous: $31M-6.5%

Revenue & EPS history

Light & Wonder · Revenue · Quarterly

$817M

Q3 2024+11.8%vs Q3 2023
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Light & Wonder · $266M total across 2 segments · Q3 2023

  • SciPlay
    $196M+14.6%
  • iGaming
    $70M+20.7%

Forward guidance

The Company is providing a targeted Adjusted NPATA range between $565 million and $635 million for fiscal year 2025.

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 Q3 2024

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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