earnings
confidence high
sentiment positive
materiality 0.80
Light & Wonder reports record FY24 revenue of $3.2B, up 10% YoY; acquires Grover Gaming charitable business
Light & Wonder, Inc.
2024-FY EPS reported
$3.68
revenue$3,188,000,000
- Record FY24 consolidated revenue $3.2B, +10% YoY; Gaming $2.1B (+12%), SciPlay $821M (+6%), iGaming $299M (+9%).
- Operating income growth 29%, Consolidated AEBITDA growth 11%, Adjusted NPATA growth 24%.
- Added 850+ N.A. Gaming Operations units sequentially, 2,700+ YoY; returned $462M via buybacks in 2024.
- Completed initial $750M buyback; 29% of new $1B plan; since March 2022 returned >$1B (15% of shares).
- Strategic acquisition of Grover Gaming's charitable business to expand land-based presence and content distribution.