ASX:LNW

Light & Wonder, Inc. Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 8, 2024
Entertainment, Technology, Online, Software, Electronic Games, Casino, Gaming, L&W, Share repurchase, Light & Wonder, International, ASX, Growth, Video game

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we” or the “Company”) today reported results for the first quarter ended March 31, 2024.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we” or the “Company”) today reported results for the first quarter ended March 31, 2024.
  • We started 2024 on a strong note, delivering a 12th consecutive quarter of year-over-year consolidated revenue growth and generating strong cash flow, while continuing to execute on our robust content roadmap and cross-platform strategy.
  • iGaming revenue increased 14% to a quarterly revenue record of $74 million, primarily reflecting continued momentum in the U.S. and international markets.
  • Returned $25 million of capital to shareholders through the repurchase of approximately 0.2 million shares of L&W common stock during the quarter.

Light & Wonder to Report First Quarter 2024 Results on Wednesday, May 8, 2024

Retrieved on: 
Thursday, April 4, 2024
Entertainment, Other Entertainment, General Entertainment, Online, Mobile Entertainment, Electronic Games, Casino, Gaming, Webcast, PIN, ASX

Light & Wonder, Inc. (NASDAQ: LNW) (ASX: LNW) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter of 2024, on Wednesday, May 8, 2024, after market close.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ: LNW) (ASX: LNW) (“Light & Wonder” or the “Company”) announced today it will release its financial results for the first quarter of 2024, on Wednesday, May 8, 2024, after market close.
  • The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results.
  • Participants are encouraged to pre-register for the conference call by using the following link.
  • A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.

Light & Wonder to Report Fourth Quarter and Full Year 2023 Results on Tuesday, February 27, 2024

Retrieved on: 
Wednesday, January 17, 2024
Software, Data Management, Online, Consumer Electronics, General Entertainment, Technology, Electronic Games, Entertainment, ASX, Webcast, PIN

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or the “Company”), announced today it will release its financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 27, 2024, after market close.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or the “Company”), announced today it will release its financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 27, 2024, after market close.
  • The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results.
  • Participants are encouraged to pre-register for the conference call by using the following link.
  • A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.

Light & Wonder Appoints Michael Marchetti to Board of Directors

Retrieved on: 
Monday, January 8, 2024
Electronic Games, Technology, Entertainment, Online, Mobile Entertainment, Audio, Video, Software, General Entertainment, Consumer Electronics, Light & Wonder, Merrill (company), ASX, CFO, Electronic Arts, Management

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Michael Marchetti has been appointed as a member of its Board of Directors.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Michael Marchetti has been appointed as a member of its Board of Directors.
  • Light & Wonder acquired the remaining public shares of SciPlay in October of last year.
  • Jamie Odell, Executive Chair of Light & Wonder, said, “We are pleased to welcome Michael to the Light & Wonder Board as a new independent director.
  • Michael has a wealth of mobile gaming experience and a strong financial background that will help us continue to maximize value for our shareholders.”
    “I’m excited to join the Light & Wonder Board at this time,” said Mr. Marchetti.

Light & Wonder Names Oliver Chow Chief Financial Officer

Retrieved on: 
Wednesday, December 13, 2023
Entertainment, Other Entertainment, General Entertainment, Online, Mobile Entertainment, Electronic Games, SUNY, Interim, CFO, Aristocracy (class), JPMorgan Chase, SUNY Polytechnic Institute, Light & Wonder, ASX, Business administration, University, Universal Pictures, Growth, Interim management, Corporate finance, Customer experience, Management

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Oliver Chow has been appointed as the Company’s Executive Vice President, Chief Financial Officer, and Treasurer.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) announced today that Oliver Chow has been appointed as the Company’s Executive Vice President, Chief Financial Officer, and Treasurer.
  • Matt Wilson, Chief Executive Officer of Light & Wonder, said, “After a thorough search by the Board and the leadership team, I’m pleased to appoint Oliver as our CFO.
  • Over the last four months, we’ve all been impressed with Oliver’s ability to seamlessly step into the role of Chief Financial Officer.
  • I am looking forward to supporting the organization to further enable growth, margin expansion, and financial execution.”
    Prior to joining Light & Wonder in October 2022, Oliver spent five years in senior-level finance roles at Aristocrat, most recently serving as Chief Financial Officer - Americas, EMEA and Customer Experience.

Light & Wonder, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Electronic Games, Online, Mobile Entertainment, General Entertainment, Entertainment, Acquisition, Interim, Investment, L&W, Light & Wonder, ASX, Table, IGaming Business, Growth, AEBITDA, CHESS, Video game, Security (finance), Cryptocurrency, Light, Lottery

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we,” or the “Company”) today reported results for the third quarter ended September 30, 2023.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we,” or the “Company”) today reported results for the third quarter ended September 30, 2023.
  • We maintained strong momentum in the third quarter and delivered a tenth consecutive quarter of consolidated revenue growth and fifth consecutive quarter of double-digit growth year-over-year.
  • Consolidated revenue in the quarter grew 13%, maintaining strong margins and cash flow generation as we continued advancing toward our long-term financial targets.
  • Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, “Our tremendous team at Light & Wonder continues to deliver exceptional results with double-digit growth across all three of our businesses for the fourth consecutive quarter.

Light & Wonder Completes Acquisition of Remaining Public Shares of SciPlay

Retrieved on: 
Monday, October 23, 2023
Electronic Games, Entertainment, Mobile Entertainment, ASX, Cravath, Swaine & Moore, Light & Wonder, Sullivan & Cromwell, LLP, Oliver Cromwell, Acquisition

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder”) today announced that it has completed its previously announced acquisition of the remaining approximately 17% equity interest in SciPlay Corporation (“SciPlay”) that it did not previously own for $22.95 per share in cash.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder”) today announced that it has completed its previously announced acquisition of the remaining approximately 17% equity interest in SciPlay Corporation (“SciPlay”) that it did not previously own for $22.95 per share in cash.
  • “Fully integrating SciPlay with Light & Wonder creates a more streamlined organization with the financial strength to accelerate our cross-platform strategy and deliver enhanced shareholder returns,” said Matt Wilson, President and Chief Executive Officer of Light & Wonder.
  • Macquarie Capital (USA) Inc. served as financial advisor and Cravath, Swaine & Moore LLP served as legal advisor to Light & Wonder.
  • Lazard Frères & Co. served as financial advisor and Sullivan & Cromwell LLP served as legal advisor to the SciPlay Special Committee.

Light & Wonder to Report Third Quarter 2023 Results on Thursday, November 9, 2023

Retrieved on: 
Tuesday, October 17, 2023
Software, Data Management, Online, Consumer Electronics, General Entertainment, Technology, Electronic Games, Entertainment, PIN, Webcast, ASX

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or the “Company”), announced today it will release its financial results for the third quarter of 2023 on Thursday, November 9, 2023, after market close.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or the “Company”), announced today it will release its financial results for the third quarter of 2023 on Thursday, November 9, 2023, after market close.
  • The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results.
  • A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.
  • A telephone replay of the call will be available until Thursday, November 16, 2023 (U.S. time)

Light & Wonder Unveils SQUID GAME Slot at G2E

Retrieved on: 
Friday, October 6, 2023
Entertainment, Technology, Software, Licensing (Entertainment), Electronic Games, Hardware, Casino, Gaming, Multimedia, ASX, Glass tile, SQUID, Green Light, Netflix, Tug of war, Glass, Red light, Global Gaming Expo, Life, Video game

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) today revealed its brand new SQUID GAME slot machine within its Global Gaming Expo (G2E) booth #1116.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W” or the “Company”) today revealed its brand new SQUID GAME slot machine within its Global Gaming Expo (G2E) booth #1116.
  • View the full release here: https://www.businesswire.com/news/home/20231006004218/en/
    Based on the widely acclaimed and most-popular Netflix series of all time, SQUID GAME, the captivating theme seamlessly integrates iconic games from the show such as Red Light, Green Light; Tug of War; and The Glass Tile.
  • “Light & Wonder is proud to be the first slots gaming company in the industry to partner with Netflix’s Squid Game and bring this ground-breaking show to life across multiple casino gaming platforms,” said Matt Wilson, Light & Wonder Chief Executive Officer.
  • All ™ notices signify marks registered by Light & Wonder, Inc., or one of its subsidiaries.