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Light & Wonder Shares Multi-Year Growth Strategy at 2025 Investor Day

Highlighted Milestone Achievements since 2022 Investor Day

Provided 2028 Growth Targets for Consolidated AEBITDA(1) and Adjusted NPATA per Share (1)

Las Vegas, May 21, 2025 — Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder", L&W or the "Company"), the leading cross-platform global games company, hosted its Investor Day on May 20, 2025, in New York City.

President and CEO Matt Wilson stated, “We value the investment community's involvement in our 2025 Investor Day and their ongoing support of Light & Wonder as the leading cross-platform global games company. The presentation reflected Light & Wonder's major achievements over the past three years, offered insights into our strategic roadmap through 2028, and highlighted the strength of our diverse portfolio, and the quality of our team,” said President and CEO Matt Wilson. “Our success is grounded in our financial discipline and culture of efficiency and excellence, which have enabled us to create a more agile business and drive margin expansion and profitability. Supported by the strength of our diverse portfolio, our financial profile and our team, we will continue advancing our proven omni-channel strategy with a focus on building industry leading games to deliver on our 2028 financial targets of Consolidated AEBITDA(1) of $2.0 billion and doubling of Adjusted NPATA per share(1) to over $10.55, to create substantial value for our shareholders.” 

Multi-year Financial Outlook

  • 2025 Targets: The Company reaffirmed its $1.4 billion Consolidated AEBITDA target(1) and associated Adjusted NPATA targeted range(1) for 2025, excluding contribution from the acquisition of the charitable gaming assets of Grover Gaming, Inc. and GS Gaming, Inc. (“the Grover Charitable Gaming acquisition”).
  • Initiated Multi-year Financial Framework: The Company is targeting to achieve Consolidated AEBITDA(1) of $0 billion and doubling of 2024 Adjusted NPATA per Share(1), (also referred by management as EPSa(1)), by 2028 to over $10.55.

Strategic Highlights

  • Gaming: By continuing to grow its installed base, the Gaming segment is targeting to expand its North American Premium footprint market share by 400 basis points while also increasing revenue per day by 2028. The Company is also targeting to expand its Global Game Sales market share by 400 basis points over the same time frame. Other key growth drivers include growing Gaming Systems revenue through increased software adoption and preserving category leadership position in Table Products.

  • Charitable Gaming: The Grover Charitable Gaming acquisition, a strategic charitable gaming adjacency, closed on May 16, 2025. L&W has developed a clear growth strategy for the business focusing on combining the Company’s robust R&D engine with Grover Gaming's customer-centric operating model to increase device count, scale device profitability, and further penetration of new and existing markets. Charitable Gaming will be reported as part of the Gaming reportable segment.

  • SciPlay: The SciPlay team is targeting to increase ARPDAU(2) by over 30% from 2024 to 2028 through enhanced Live Ops and targeted market expansion. Plans also include scaling Direct-to-Consumer to 30% of revenue over the same period, driving growth across core games, and investing in new titles with In-App Advertising and In-App Purchase monetization models. Growth will also be bolstered by the rollout of key features of its SciAlgo platform and VIP Hub.

  • iGaming: The iGaming team is focused on capturing omni-channel opportunities with top performing content and enhanced offerings. The business segment expects to grow its global market share of 1st-party content by 300 basis points from 2024 to over 10% by 2028 through further proliferation of L&W’s R&D engine and cross-platform strategy. We also expect to enter new markets and capture an equivalent market share to existing markets and expand service offerings and platform capabilities through growing our PAM(3) customer base.

The webcast replay and presentation can be accessed on the Light & Wonder 2025 Investor Day Website and the Company's investor relations website at https://explore.investors.lnw.com/.

1. Represents a non-GAAP financial measure presented on a supplemental basis. Additional information on non-GAAP financial measures presented herein is available at the end of this release.
2. Average Revenue per Daily Active User.
3. Player account management.

Company Contacts

Investor Relations
Nick Zangari: +1 (702) 301-4378
IR@lnw.com

Media Relations
Andy Fouché: +1 (206) 697-3678
media@lnw.com

 

About Light & Wonder, Inc.
Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,500+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it’s all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.

Media Inquiries: media@lnw.com


Forward-Looking Statements
In this press release, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including Light & Wonder’s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on February 25, 2025 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Light & Wonder’s ongoing obligations under the U.S. federal securities laws, Light & Wonder undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Date: 05/21/2025

Category: Corporate

Type: Release