
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About
Light & Wonder Inc (LNW)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: LNW (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $108.36
1 Year Target Price $108.36
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 ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.40B USD | Price to earnings Ratio 22.31 | 1Y Target Price 108.36 |
Price to earnings Ratio 22.31 | 1Y Target Price 108.36 | ||
Volume (30-day avg) 19 | Beta 1.21 | 52 Weeks Range 69.56 - 115.00 | Updated Date 08/15/2025 |
52 Weeks Range 69.56 - 115.00 | Updated Date 08/15/2025 | ||
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 2025-08-06 | When - | Estimate 1.36 | Actual 1.58 |
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 22.31 | Forward PE 13.16 | Enterprise Value 12147373863 | Price to Sales(TTM) 2.32 |
Enterprise Value 12147373863 | Price to Sales(TTM) 2.32 | ||
Enterprise Value to Revenue 3.8 | Enterprise Value to EBITDA 10.96 | Shares Outstanding 83946600 | Shares Floating 75612376 |
Shares Outstanding 83946600 | Shares Floating 75612376 | ||
Percent Insiders 0.67 | Percent Institutions 68.57 |
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 and digital content through acquisitions. In 2022, the company rebranded to Light & Wonder, reflecting its focus on gaming content and technology.
Core Business Areas
- Gaming: Designs, develops, manufactures, and distributes a diverse portfolio of gaming content, including slot machines, electronic table games, and casino management systems.
- SciPlay: Develops and publishes social casino games on mobile and web platforms.
- iGaming: Provides digital gaming content and platform solutions to online casino operators.
Leadership and Structure
Matt Wilson serves as President and CEO. The company has a structured organizational chart with distinct business unit leaders reporting to the CEO. A board of directors provides oversight and strategic guidance.
Top Products and Market Share
Key Offerings
- Land-Based Gaming Machines: Includes a wide variety of slot machines featuring popular themes and innovative game mechanics. Market share varies by region, but Light & Wonder is a major player competing with IGT and Aristocrat. Revenue generation is significant.
- SciPlay Social Casino Games: Offers popular social casino games like Jackpot Party Casino, Gold Fish Casino, and Quick Hit Slots. Competitors include Playtika (PLTK) and Zynga (ZYGA). SciPlay generates substantial revenue through in-app purchases and advertising.
- iGaming Content and Platform: Provides online casino operators with a library of slot games and a platform for managing their online gaming operations. Competitors include Evolution (EVO.ST) and NetEnt (acquired by Evolution). This area is growing rapidly, with increasing revenue for Light & Wonder.
Market Dynamics
Industry Overview
The gaming industry is experiencing growth, driven by the increasing popularity of online gaming and the continued strength of land-based casinos. Technological advancements and evolving consumer preferences are shaping the market.
Positioning
Light & Wonder is positioned as a leading provider of gaming content and technology across various platforms. Its competitive advantage lies in its diverse portfolio, strong brand recognition, and innovative product development.
Total Addressable Market (TAM)
The global gaming market is estimated at hundreds of billions of dollars. Light & Wonder is positioned to capture a significant portion of this TAM by expanding its online presence and continuing to innovate in the land-based gaming sector.
Upturn SWOT Analysis
Strengths
- Diverse portfolio of gaming content and technology
- Strong brand recognition
- Established relationships with casino operators
- Growing presence in the online gaming market
- Innovative product development capabilities
Weaknesses
- High debt levels
- Dependence on major casino operators
- Exposure to regulatory changes
- Competition from larger and more diversified companies
Opportunities
- Expansion into new geographic markets
- Growth of online gaming and sports betting
- Development of new gaming technologies
- Strategic acquisitions and partnerships
- Increasing demand for cashless gaming solutions
Threats
- Economic downturns
- Changes in gaming regulations
- Increased competition
- Technological disruptions
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- IGT
- Aristocrat Leisure (ALL.AX)
- Evolution (EVO.ST)
Competitive Landscape
Light & Wonder faces competition from established players with significant resources. Its ability to innovate and adapt to changing market conditions will be crucial for maintaining its competitive edge.
Major Acquisitions
Lightning Box
- Year: 2021
- Acquisition Price (USD millions): 330
- Strategic Rationale: Acquisition enhances Light & Wonder's iGaming content portfolio with innovative and proven titles.
Growth Trajectory and Initiatives
Historical Growth: Placeholder. Growth has been driven by acquisitions and organic growth in the digital gaming segment.
Future Projections: Analysts predict continued growth in revenue and earnings, driven by the expansion of online gaming and the introduction of new gaming products.
Recent Initiatives: Recent initiatives include strategic acquisitions to expand its portfolio, and product launches to drive new sales
Summary
Light & Wonder is a strong player in the gaming industry with a diverse portfolio. The digital gaming segment is working well with continuous growth, while high debt and changing regulations are some key weaknesses that the company needs to overcome.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, industry reports, analyst estimates.
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions are constantly evolving.
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.