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LNW 
Light & Wonder Inc (LNW)
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Upturn Advisory Summary
12/02/2025: LNW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
19 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $107.01
1 Year Target Price $107.01
| 9 | Strong Buy |
| 5 | Buy |
| 4 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.22% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/02/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.03B USD | Price to earnings Ratio 18.83 | 1Y Target Price 107.01 |
Price to earnings Ratio 18.83 | 1Y Target Price 107.01 | ||
Volume (30-day avg) 19 | Beta 1.41 | 52 Weeks Range 69.56 - 113.94 | Updated Date 12/2/2025 |
52 Weeks Range 69.56 - 113.94 | Updated Date 12/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.58 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-05 | When - | Estimate 1.39 | Actual 1.34 |
Profitability
Profit Margin 12.39% | Operating Margin (TTM) 27.94% |
Management Effectiveness
Return on Assets (TTM) 8.56% | Return on Equity (TTM) 50.47% |
Valuation
Trailing PE 18.83 | Forward PE 15.46 | Enterprise Value 12814571088 | Price to Sales(TTM) 2.18 |
Enterprise Value 12814571088 | Price to Sales(TTM) 2.18 | ||
Enterprise Value to Revenue 3.98 | Enterprise Value to EBITDA 10.74 | Shares Outstanding 81523883 | Shares Floating 72687509 |
Shares Outstanding 81523883 | Shares Floating 72687509 | ||
Percent Insiders 0.75 | Percent Institutions 70.78 |
Upturn AI SWOT
Light & Wonder Inc
Company Overview
History and Background
Light & Wonder Inc., formerly known as Scientific Games Corporation, was founded in 1973. Initially focused on lottery systems, it expanded into gaming machines, social gaming, and interactive content. A major turning point was the rebranding to Light & Wonder in 2022, reflecting a shift towards a diversified gaming and entertainment company. The company divested its lottery business in 2022 to focus on its core gaming segments.
Core Business Areas
- Gaming: Develops and supplies gaming machines and systems to casinos worldwide, featuring a wide range of slot games, electronic table games, and casino management systems.
- SciPlay: Creates and publishes social casino games for mobile and web platforms, offering free-to-play casino-style entertainment to players globally.
- iGaming: Provides digital gaming content and technology solutions to online casino operators, including slot games, table games, and other interactive gaming experiences.
Leadership and Structure
The CEO is Matt Wilson. The company has a board of directors overseeing its strategic direction. The organizational structure includes dedicated teams for each business segment (Gaming, SciPlay, and iGaming), as well as functional departments like finance, technology, and marketing.
Top Products and Market Share
Key Offerings
- Market Share (%): 20
- Product Name 1: Gaming Machines: Light & Wonder provides various popular slot games (e.g., Dancing Drums, 88 Fortunes). It holds a significant share of the global gaming machine market. Key competitors are IGT and Aristocrat.
- Market Share (%): 10
- Product Name 2: SciPlay Social Casino Games: Games like Jackpot Party Casino and Gold Fish Casino provide free-to-play casino experiences. SciPlay is a major player in the social casino gaming market. Competitors include Playtika and Zynga.
- Market Share (%): 8
- Product Name 3: iGaming Content: Delivers diverse digital gaming content, and provides technology solutions to online casino operators worldwide. Competitors include Evolution Gaming and NetEnt.
Market Dynamics
Industry Overview
The gaming industry is experiencing growth, driven by increasing demand for both land-based and online gaming experiences. Technological advancements and changing consumer preferences are shaping the market. The market is also heavily regulated.
Positioning
Light & Wonder Inc is positioned as a diversified gaming and entertainment company, with a presence in land-based casinos, social gaming, and online gaming. Their strengths include a broad portfolio of products, strong brands, and a global customer base.
Total Addressable Market (TAM)
The total addressable market for global gaming is estimated at $300 billion. Light & Wonder is positioned to capture a significant share of this market by providing diversified offerings.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of gaming and entertainment products
- Strong brands and intellectual property
- Global customer base and distribution network
- Experienced management team
- Focus on innovation and technology
Weaknesses
- High debt levels
- Dependence on regulatory approvals
- Exposure to economic cycles
- Integration risks associated with acquisitions
- Competition from larger and more established players
Opportunities
- Expansion into new geographic markets
- Growth of the online gaming market
- Increasing demand for social casino games
- Adoption of new technologies such as virtual reality and augmented reality
- Strategic acquisitions and partnerships
Threats
- Intensifying competition
- Changes in regulatory environment
- Economic downturns
- Technological disruptions
- Data security and privacy risks
Competitors and Market Share
Key Competitors
- IGT (IGT)
- Aristocrat Leisure (ALL.AX)
- Playtika (PLTK)
Competitive Landscape
Light & Wonder Inc. competes with IGT and Aristocrat in the gaming machine market, Playtika and Zynga in the social casino market, and Evolution Gaming and NetEnt in the online gaming market. Light & Wonder Inc.'s advantages include a diversified product portfolio and a global customer base. Disadvantages include high debt levels and dependence on regulatory approvals.
Major Acquisitions
Lightning Box Games
- Year: 2021
- Acquisition Price (USD millions): 330
- Strategic Rationale: Increased in-house content creation capabilities for online gaming.
Growth Trajectory and Initiatives
Historical Growth: Light & Wonder Inc. has experienced growth in revenue and earnings over the past five years, driven by its diversified product portfolio and strategic acquisitions.
Future Projections: Analysts project continued growth for Light & Wonder Inc., driven by the growth of the online gaming market and the company's expansion into new geographic markets. Revenue growth is expected to be around 8-10% annually.
Recent Initiatives: Recent initiatives include the rebranding to Light & Wonder, the divestiture of the lottery business, and the acquisition of new gaming studios.
Summary
Light & Wonder exhibits solid diversification across gaming sectors with considerable growth potential in online platforms. While its global customer base and diverse products are advantageous, high debt and regulatory dependence pose risks. Strategic initiatives like rebranding and acquisitions seem promising, though effective integration is key. Future success hinges on leveraging online growth and managing competitive and economic threats. The company seems to have a strong foothold in the current market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share figures are estimates and may not be exact.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Light & Wonder Inc
Exchange NASDAQ | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 1992-04-23 | CEO, President & Director Mr. Matthew R. Wilson | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 6800 | Website https://www.lnw.com |
Full time employees 6800 | Website https://www.lnw.com | ||
Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table game products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment. It also leases or provides gaming content, gaming machines, and server-based system; sells and supports casino-management system based software and hardware; and licenses proprietary table games content to commercial, tribal, and governmental gaming operators. The SciPlay segment develops, markets, and operates social games on various online platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, and bingo games. The iGaming segment provides a suite of digital gaming content, distribution platforms, player account management systems, and other iGaming content and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. Light & Wonder, Inc. was incorporated in 1984 and is headquartered in Las Vegas, Nevada.
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