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Light & Wonder Inc (LNW)


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Upturn Advisory Summary
10/15/2025: LNW (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $107.52
1 Year Target Price $107.52
9 | Strong Buy |
5 | Buy |
4 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -12.92% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.42B USD | Price to earnings Ratio 19.35 | 1Y Target Price 107.52 |
Price to earnings Ratio 19.35 | 1Y Target Price 107.52 | ||
Volume (30-day avg) 19 | Beta 1.45 | 52 Weeks Range 69.56 - 113.94 | Updated Date 10/17/2025 |
52 Weeks Range 69.56 - 113.94 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.95 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.92% | Operating Margin (TTM) 27.07% |
Management Effectiveness
Return on Assets (TTM) 8.21% | Return on Equity (TTM) 46.91% |
Valuation
Trailing PE 19.35 | Forward PE 11.26 | Enterprise Value 11898052479 | Price to Sales(TTM) 2.01 |
Enterprise Value 11898052479 | Price to Sales(TTM) 2.01 | ||
Enterprise Value to Revenue 3.72 | Enterprise Value to EBITDA 10.74 | Shares Outstanding 83946594 | Shares Floating 75913744 |
Shares Outstanding 83946594 | Shares Floating 75913744 | ||
Percent Insiders 0.71 | Percent Institutions 67.82 |
Upturn AI SWOT
Light & Wonder Inc

Company Overview
History and Background
Light & Wonder Inc., formerly Scientific Games Corporation, was founded in 1973. Initially focused on lottery systems, it expanded into gaming content, social gaming, and sports betting technology. In 2022, it rebranded as Light & Wonder to reflect its strategic focus on games and entertainment.
Core Business Areas
- Gaming: Develops and supplies gaming machines, game content, table products, and electronic table systems to casinos worldwide.
- SciPlay: Creates and publishes social casino games on mobile and web platforms.
- iGaming: Provides a suite of digital gaming content and technology to online casino operators.
Leadership and Structure
Matt Wilson serves as the President and CEO. The company operates with a structured leadership team overseeing each business segment (Gaming, SciPlay, iGaming), supported by functional departments such as finance, technology, and marketing.
Top Products and Market Share
Key Offerings
- Competitors: IGT, Aristocrat
- Gaming Machines: Light & Wonder's gaming machines are a core offering. Competitors include IGT and Aristocrat. They account for a sizable portion of their revenue. (Market share data unavailable)
- Competitors: Playtika, Zynga
- Social Casino Games (SciPlay): SciPlay offers social casino games such as Jackpot Party Casino and Gold Fish Casino. Competitors include Playtika and Zynga. (Market share data unavailable)
- Competitors: Evolution Gaming, NetEnt
- iGaming Content: Light & Wonder provides iGaming content to online casinos. Competitors include Evolution Gaming and NetEnt. (Market share data unavailable)
Market Dynamics
Industry Overview
The gaming industry is experiencing growth driven by online gaming expansion, technological advancements, and evolving consumer preferences. Regulatory landscapes and economic conditions play a significant role.
Positioning
Light & Wonder is positioned as a leading provider of gaming content and technology, focusing on innovation and diversification across land-based and online platforms. They have a strong library of licensed content.
Total Addressable Market (TAM)
The global gaming market is estimated to be worth hundreds of billions of dollars. Light & Wonder is positioned to capture a share of this TAM through its diverse offerings in gaming machines, social gaming, and iGaming.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Diverse product portfolio
- Established relationships with casino operators
- Growing presence in online gaming
Weaknesses
- High debt levels
- Dependence on regulatory approvals
- Exposure to economic cycles
- Integration challenges from acquisitions
Opportunities
- Expansion into new geographic markets
- Growth in online gaming and sports betting
- Development of innovative gaming technologies
- Strategic partnerships and acquisitions
Threats
- Increasing competition
- Changing regulatory landscape
- Economic downturns
- Technological obsolescence
Competitors and Market Share
Key Competitors
- IGT
- Aristocrat Leisure (ALL.AX)
- Playtika (PLTK)
Competitive Landscape
Light & Wonder competes on content, technology, and distribution channels. Advantages include a strong content library and established relationships. Disadvantages include high debt and intense competition.
Major Acquisitions
Sideplay Entertainment
- Year: 2021
- Acquisition Price (USD millions): 0
- Strategic Rationale: Added innovative game mechanics and expanded interactive content capabilities for iGaming and lottery markets. Financial details not public.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by acquisitions and organic expansion in gaming and digital segments.
Future Projections: Analyst projections anticipate continued growth in revenue and profitability, driven by online gaming expansion and new product introductions.
Recent Initiatives: Recent initiatives include focusing on core gaming businesses, divestitures of non-core assets, and investments in technology and content.
Summary
Light & Wonder is a significant player in the gaming industry, holding a strong position due to its diverse product portfolio and established casino relationships. The company's growth trajectory is promising, especially in the digital gaming space. However, high debt levels and intense competition remain challenges that must be addressed. Successful execution of strategic initiatives is critical for long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Industry analysis
- Financial news sources
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary.
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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