• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 3 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Light & Wonder achieves 15th straight quarter of growth in 4Q24, aided by all-time record full-year revenue

Ben Blaschke by Ben Blaschke
Wed 26 Feb 2025 at 05:28
Light & Wonder appoints Oliver Chow as Chief Financial Officer
12
SHARES
304
VIEWS
Print Friendly, PDF & Email

Light & Wonder reported consolidated revenue of US$797 million in 4Q24, representing a 4% year-on-year increase and a 15th straight quarter of year-over-year growth.

Net income of US$107 million was up from US$67 million while Consolidated Adjusted EBITDA climbed by 4% to AU$315 million.

According to information filed Wednesday morning, the 4Q24 results included a 4% increase in Gaming revenue, primarily led by continued growth in gaming systems and table products, which grew by 24% and 10% year-over-year respectively, as well as 4% growth in Gaming operations revenue. iGaming revenue grew by 11%, while SciPlay revenue remained flat as compared to the prior year period, it said.

Light & Wonder also reported a record performance for FY24, with consolidated revenue reaching an all-time high of US$3.2 billion, up 10% year-on-year. Gaming revenue for the year grew by 12% to US$2.1 billion, with the company pointing to continued momentum in gaming machine sales thanks to market share gains in North America and Australia, coupled with gaming systems growth of 13%.

SciPlay revenue rose to US$821 million in FY24, up 6%, while iGaming revenue increased by 9% to US$299 million.

Consolidated Adjusted EBITDA reached US$1.24 billion – putting it within touching distance of the company’s FY25 EBITDA target of US$1.4 billion.

“We ended a strong 2024 with continued double-digit revenue and earnings growth for the year,” said Light & Wonder’s President and CEO, Matt Wilson.

“The gaming machine sales share gains in North America and Australia this year are a testament to our R&D investment, commercial strategy and robust product roadmap. Furthermore, we have also realigned studio needs, adding more talent and expanding existing studios.

“Our recently announced strategic acquisition of Grover Gaming’s charitable business enhances our cross-platform strategy and presence in regulated land-based markets, giving us a broader distribution base for our vast content library and accelerating our drive for sustainable future growth.”

Oliver Chow, Light & Wonder’s CFO, added, “Our healthy financial foundation gives us flexibility to deploy capital where it best drives long-term value consistent with our capital deployment framework. We expect that the acquisition of Grover Gaming’s charitable business will contribute to our expansive recurring revenue base and is complementary and synergistic to our high margin and cash generative business, enhancing our growth profile and cross-platform strategy.

“We continue to see tremendous value in our shares and have executed a meaningful $462 million in share repurchases in 2024. We believe our healthy earnings growth and further optimization of our capital structure will continue to serve us well and provide stability as we expand the business globally.”

RelatedPosts

Abbiati: Italian Stallion

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39
Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Wed 2 Jul 2025 at 06:28
Aristocrat Gaming awarded license to develop MONOPOLY slot games globally

Aristocrat Gaming awarded license to develop MONOPOLY slot games globally

Wed 2 Jul 2025 at 06:21
Genting Malaysia’s New York subsidiaries price an additional US$100 million senior notes as equity raising continues

Genting Malaysia says full casino operations could be launched within six months if New York bid successful

Tue 1 Jul 2025 at 06:11
Load More
Tags: 2024adjusted ebitdaLight and WonderMatt WilsonNorth Americarevenue
Share5Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

PM’s powerful father Thaksin says coalition partner will vote in favor of casino bill as internal rift downplayed

Thaksin Shinawatra ranks 11th on Forbes 2025 list of Thailand’s 50 Richest

by Ben Blaschke
Thu 3 Jul 2025 at 10:04

His daughter may be in the midst of a fight for her political life but Thai powerbroker Thaksin Shinawatra still offers plenty of financial clout, ranking 11th on the latest Forbes list of Thailand’s 50 Richest. According to the Forbes...

As Thailand’s casino bill hangs by a thread, foreign visitor numbers continue to decline

As Thailand’s casino bill hangs by a thread, foreign visitor numbers continue to decline

by Ben Blaschke
Thu 3 Jul 2025 at 06:30

Thailand’s foreign tourism arrivals have fallen by a total of almost 4.6% through the first six months of this year, continuing a worrying trend at a time when a casino bill aimed at boosting international visitation appears to be on...

Philippines tech firm DigiPlus enters final stage of Brazil’s iGaming licensing process

Philippine technology firm DigiPlus to launch Brazil iGaming platform in September

by Newsdesk
Thu 3 Jul 2025 at 05:54

Philippines gaming technology supplier DigiPlus Interactive Corp said Wednesday it expects to go live with its Brazil iGaming operations in September. The offering will include an extensive line-up of livestreamed games, slots, table games and exclusive self-developed digital entertainment content,...

Jeju Dream Tower casino sales down 7.4% in March

South Korea’s foreigner-only casinos showing renewed vigor as Jeju Dream Tower sets new monthly drop, visitor records

by Ben Blaschke
Thu 3 Jul 2025 at 05:41

Low hold rates saw Lotte Tour’s Jeju Dream Tower suffer a 13.4% month-on-month decline in casino sales to KRW35.8 billion (US$26.4 million) in June, but data published by parent company Lotte Tour shows it was in fact the resort’s best...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English