We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Light & Wonder Q4 Earnings Beat Estimates, Top Line Rises Y/Y
Read MoreHide Full Article
Light & Wonder (LNW - Free Report) reported strong fourth-quarter 2024 results, with the top and bottom lines beating the Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported year-over-year revenue growth, exemplifying its portfolio strength and resilient business model.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
LNW’s Net Income
Net income in the reported quarter was $107 million or $1.2 per share compared with $66 million or 73 cents per share in the year-ago quarter. The increase in GAAP earnings was driven by top-line expansion and a gain on the sale of assets. Adjusted earnings per share came in at $1.42 per share, beating the Zacks Consensus Estimate by 34 cents.
In 2024, the company reported a net income of $336 million or $3.68 per share compared with $163 million or $1.75 per share in 2023.
Light & Wonder, Inc. Price, Consensus and EPS Surprise
Total revenues in the fourth quarter of 2024 rose to $797 million from $770 million in the prior-year quarter, propelled by healthy demand in all business verticals. The top line beat the consensus estimate of $795 million.
In 2024, the company reported total revenues of $3.2 billion, up from $2.9 billion in 2023.
Services revenues increased to $532 million from $515 million in the year-ago quarter, while product sales were $265 million, up from $255 million in the year-ago quarter. This is the 15th consecutive quarter of consolidated revenue growth for the company.
Gaming revenues were $515 million, up 4% year over year, driven by sales growth of Gaming Machines and Gaming operations. Demand for COSMIC, MURAL and HORIZON cabinets remains strong.
Revenues from SciPlay were $204 million, matching the figure of the year-ago quarter. Demand remains strong for the company’s social casino business. The average revenue per daily active user increased to $1.06 in the quarter, up 6% year over year.
iGaming revenues increased to $78 million, up 11% from the year-ago quarter, driven by continued momentum in North America and Europe, as well as strong content launches.
Other Details
Non-GAAP consolidated AEBITDA was $315 million compared with $302 million in the year-ago quarter, driven by revenue growth and sustained margin strength across all businesses. AEBITDA margin remained flat at 39%.
LNW’s Cash Flow & Liquidity
In 2024, the company generated $632 million of cash from operating activities compared with $590 million in the year-ago period. In the fourth quarter, it generated $202 million in cash from operations compared to $167 million in the prior-year quarter.
As of Dec. 31, 2024, it had $196 million in cash and cash equivalents with $3.84 billion of long-term debt compared with respective tallies of $425 million or $3.85 billion in 2023.
LNW’s Zacks Rank
Light & Wonder currently carries a Zacks Rank #3 (Hold).
In the trailing four quarters, it delivered an earnings surprise of 158.41%. It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Celestica Inc. (CLS - Free Report) sports a Zacks Rank #1 at present. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world's leading original equipment manufacturers.
Telephone and Data Systems, Inc. (TDS - Free Report) carries a Zacks Rank of 2 (Buy) at present. In the last reported quarter, it delivered an earnings surprise of 71.88%.
Headquartered in Chicago, the company is a diversified telecom service provider, offering wireless and wireline services in the United States. It owns 82% of U.S. Cellular, a leading wireless operator in the country subscriber-wise, serving five million customers in 21 states..
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Light & Wonder Q4 Earnings Beat Estimates, Top Line Rises Y/Y
Light & Wonder (LNW - Free Report) reported strong fourth-quarter 2024 results, with the top and bottom lines beating the Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported year-over-year revenue growth, exemplifying its portfolio strength and resilient business model.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
LNW’s Net Income
Net income in the reported quarter was $107 million or $1.2 per share compared with $66 million or 73 cents per share in the year-ago quarter. The increase in GAAP earnings was driven by top-line expansion and a gain on the sale of assets. Adjusted earnings per share came in at $1.42 per share, beating the Zacks Consensus Estimate by 34 cents.
In 2024, the company reported a net income of $336 million or $3.68 per share compared with $163 million or $1.75 per share in 2023.
Light & Wonder, Inc. Price, Consensus and EPS Surprise
Light & Wonder, Inc. price-consensus-eps-surprise-chart | Light & Wonder, Inc. Quote
LNW’s Revenues
Total revenues in the fourth quarter of 2024 rose to $797 million from $770 million in the prior-year quarter, propelled by healthy demand in all business verticals. The top line beat the consensus estimate of $795 million.
In 2024, the company reported total revenues of $3.2 billion, up from $2.9 billion in 2023.
Services revenues increased to $532 million from $515 million in the year-ago quarter, while product sales were $265 million, up from $255 million in the year-ago quarter. This is the 15th consecutive quarter of consolidated revenue growth for the company.
Gaming revenues were $515 million, up 4% year over year, driven by sales growth of Gaming Machines and Gaming operations. Demand for COSMIC, MURAL and HORIZON cabinets remains strong.
Revenues from SciPlay were $204 million, matching the figure of the year-ago quarter. Demand remains strong for the company’s social casino business. The average revenue per daily active user increased to $1.06 in the quarter, up 6% year over year.
iGaming revenues increased to $78 million, up 11% from the year-ago quarter, driven by continued momentum in North America and Europe, as well as strong content launches.
Other Details
Non-GAAP consolidated AEBITDA was $315 million compared with $302 million in the year-ago quarter, driven by revenue growth and sustained margin strength across all businesses. AEBITDA margin remained flat at 39%.
LNW’s Cash Flow & Liquidity
In 2024, the company generated $632 million of cash from operating activities compared with $590 million in the year-ago period. In the fourth quarter, it generated $202 million in cash from operations compared to $167 million in the prior-year quarter.
As of Dec. 31, 2024, it had $196 million in cash and cash equivalents with $3.84 billion of long-term debt compared with respective tallies of $425 million or $3.85 billion in 2023.
LNW’s Zacks Rank
Light & Wonder currently carries a Zacks Rank #3 (Hold).
Key Picks
InterDigital (IDCC - Free Report) sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the trailing four quarters, it delivered an earnings surprise of 158.41%. It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Celestica Inc. (CLS - Free Report) sports a Zacks Rank #1 at present. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world's leading original equipment manufacturers.
Telephone and Data Systems, Inc. (TDS - Free Report) carries a Zacks Rank of 2 (Buy) at present. In the last reported quarter, it delivered an earnings surprise of 71.88%.
Headquartered in Chicago, the company is a diversified telecom service provider, offering wireless and wireline services in the United States. It owns 82% of U.S. Cellular, a leading wireless operator in the country subscriber-wise, serving five million customers in 21 states..