Light & Wonder, Inc. (ASX:LNW) Announces 2024 Performance and Strategic Acquisitions
Financial Performance
Light & Wonder reported a 10% increase in consolidated revenue (up to $3,188m) for the year ended December 31, 2024, driven by growth across all business segments. Net income was up 87% to $336m.
Capital Management
The company returned $462 million to shareholders through share repurchases in 2024, totaling $1 billion since March 2022.
Strategic Acquisitions
On February 18 2025, Light & Wonder eannounced the strategic acquisition of Grover Charitable Gaming for an upfront consideration of $850 million. The transaction is expected to close during the second quarter of 2025, expanding its presence in regulated land-based markets.
Legal Developments
On September 23, 2024, Light & Wonder received an order from the U.S. District Court for the District of Nevada granting Aristocrat a preliminary injunction on future sales and distribution of Light & Wonder’s Dragon Train-themed games. Light & Wonder is mitigating the impact and does not expect a material effect on future revenue.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Light & Wonder. The Motley Fool Australia has recommended Light & Wonder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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