• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 9 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
305
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

IGT, Scientific Games help boost AGEM Index in December

Konami, Aristocrat lead strong gain for AGEM Index in June

Tue 8 Jul 2025 at 05:44
Light & Wonder’s Ken Jolly discusses founder exhibitor status at 2025 IAG EXPO 9 and 10 Sep 2025

Light & Wonder’s Ken Jolly discusses founder exhibitor status at 2025 IAG EXPO 9 and 10 Sep 2025

Thu 3 Jul 2025 at 13:57
Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

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
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
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau’s 2025 visitor arrivals move past 20 million, 26 days earlier than last year

Macau’s 2025 visitor arrivals move past 20 million, 26 days earlier than last year

by Pierce Chan
Tue 8 Jul 2025 at 14:47

The number of visitor arrivals to Macau in 2025 has officially exceeded 20 million, with the milestone coming some 26 days earlier than last year, according to information from the Public Security Police Force (PSP). The 20 million figure had...

SABA Sports unveils QuickBet Widget: Seamless, smart betting across every digital surface

SABA Sports unveils QuickBet Widget: Seamless, smart betting across every digital surface

by Newsdesk
Tue 8 Jul 2025 at 12:59

CLIENT PROMOTION In its latest stride toward redefining sports betting experiences, SABA Sports proudly introduces the QuickBet Widget – a compact yet powerful tool that transforms any digital platform into a high-converting betting environment. Built for speed, flexibility and smart...

Crown saga claims new scalp as Western Australia’s Chief Casino Officer steps down over conflict of interest claims

Crown Perth deemed suitable to maintain casino license after three-year remediation

by Ben Blaschke
Tue 8 Jul 2025 at 12:40

Crown Resorts has cleared the final hurdle in its long path back to full suitability after the Western Australia Government announced that Crown Perth has been found suitable to maintain its casino license. Crown Perth had been found unfit to...

Philippines President Marcos open to stricter online gambling regulations if “well-studied”

Philippines President Marcos open to stricter online gambling regulations if “well-studied”

by Newsdesk
Tue 8 Jul 2025 at 06:21

Philippines President Ferdinand Marcos Jr has expressed cautious support for calls to impose stricter regulations on the growing eGames – or domestic online gaming – sector, provided any such restrictions are based on factual studies. According to state-run Philippine News...



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