Light & Wonder Inc (LNW)

GAMBLING

$86.22

+0.00 (+0.00%)

Last updated: Oct 15, 2026 at 5:00 PM ET

Earnings

Performance (10Y)

Beat Rate

42%(15/36)

Avg Surprise

+1579.28%

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Sep 30, 2025Sep 25 Reported Nov 5, 2025Reported Nov 5	$1.34	$1.39	-	-3.60%	Miss	-	-	+88.7%
Jun 30, 2025Jun 25 Reported Aug 6, 2025Reported Aug 6	$1.58	$1.36	-	+16.18%	Beat	-	-	+75.6%
Mar 31, 2025Mar 25 Reported May 7, 2025Reported May 7	$0.94	$1.13	-	-16.69%	Miss	-	-	+6.8%
Dec 31, 2024Dec 24 Reported Feb 25, 2025Reported Feb 25	$1.20	$0.95	-	+26.49%	Beat	-	-	+64.4%
Sep 30, 2024Sep 24 Reported Nov 12, 2024Reported Nov 12	$0.71	$1.08	-	-34.26%	Miss	-	-	-12.3%
Jun 30, 2024Jun 24 Reported Aug 7, 2024Reported Aug 7	$0.90	$1.03	-	-12.62%	Miss	-	-	+9100.0%
Mar 31, 2024Mar 24 Reported May 8, 2024Reported May 8	$0.88	$0.65	-	+35.38%	Beat	-	-	+282.6%
Dec 31, 2023Dec 23 Reported Feb 27, 2024Reported Feb 27	$0.73	$0.67	-	+8.96%	Beat	-	-	+128.1%
Sep 30, 2023Sep 23 Reported Nov 9, 2023Reported Nov 9	$0.81	$0.41	-	+97.56%	Beat	-	-	-76.3%
Jun 30, 2023Jun 23 Reported Aug 8, 2023Reported Aug 8	$-0.01	N/A	-	-102.94%	Miss	-	-	-100.0%
Mar 31, 2023Mar 23 Reported May 9, 2023Reported May 9	$0.23	$0.25	-	-8.00%	Miss	-	-	-11.5%
Dec 31, 2022Dec 22 Reported Mar 1, 2023Reported Mar 1	$0.32	$0.47	-	-31.91%	Miss	-	-	-66.3%
Sep 30, 2022Sep 22 Reported Nov 9, 2022Reported Nov 9	$3.42	$0.39	-	+776.92%	Beat	-	-	+81.0%
Jun 30, 2022Jun 22 Reported Aug 9, 2022Reported Aug 9	$34.61	$0.06	-	+57583.33%	Beat	-	-	+7423.9%
Mar 31, 2022Mar 22 Reported May 10, 2022Reported May 10	$0.26	$0.13	-	+100.00%	Beat	-	-	+262.5%
Dec 31, 2021Dec 21 Reported Mar 1, 2022Reported Mar 1	$0.95	$0.13	-	+630.77%	Beat	-	-	+200.0%
Sep 30, 2021Sep 21 Reported Nov 9, 2021Reported Nov 9	$1.89	$0.29	-	+551.72%	Beat	-	-	+253.7%
Jun 30, 2021Jun 21 Reported Aug 9, 2021Reported Aug 9	$0.46	$-0.08	-	+675.00%	Beat	-	-	+125.7%
Mar 31, 2021Mar 21 Reported May 10, 2021Reported May 10	$-0.16	N/A	-	+65.22%	Beat	-	-	+77.8%
Dec 31, 2020Dec 20 Reported Mar 1, 2021Reported Mar 1	$-0.95	$-0.47	-	-102.13%	Miss	-	-	-106.5%
Sep 30, 2020Sep 20 Reported Nov 4, 2020Reported Nov 4	$-1.23	$-0.77	-	-59.74%	Miss	-	-	-920.0%
Jun 30, 2020Jun 20 Reported Jul 23, 2020Reported Jul 23	$-1.79	$-1.65	-	-8.48%	Miss	-	-	-894.4%
Mar 31, 2020Mar 20 Reported May 11, 2020Reported May 11	$-0.72	$-0.11	-	-554.55%	Miss	-	-	-176.9%
Dec 31, 2019Dec 19 Reported Feb 18, 2020Reported Feb 18	$-0.46	$0.22	-	-309.09%	Miss	-	-	-120.8%
Sep 30, 2019Sep 19 Reported Nov 7, 2019Reported Nov 7	$0.15	$-0.04	-	+475.00%	Beat	-	-	+103.9%
Jun 30, 2019Jun 19 Reported Aug 1, 2019Reported Aug 1	$-0.18	$0.01	-	-1900.00%	Miss	-	-	-200.0%
Mar 31, 2019Mar 19 Reported May 7, 2019Reported May 7	$-0.26	$-0.04	-	-550.00%	Miss	-	-	+78.2%
Dec 31, 2018Dec 18 Reported Feb 21, 2019Reported Feb 21	$2.21	$0.09	-	+2355.56%	Beat	-	-	+560.4%
Sep 30, 2018Sep 18 Reported Nov 8, 2018Reported Nov 8	$-3.85	$-0.16	-	-2306.25%	Miss	-	-	-483.3%
Jun 30, 2018Jun 18 Reported Aug 1, 2018Reported Aug 1	$-0.06	$-0.05	-	-20.00%	Miss	-	-	+86.4%
Mar 31, 2018Mar 18 Reported May 2, 2018Reported May 2	$-1.19	$-0.28	-	-325.00%	Miss	-	-	-4.4%
Dec 31, 2017Dec 17 Reported Feb 28, 2018Reported Feb 28	$-0.48	$-0.29	-	-65.52%	Miss	-	-	+61.9%
Sep 30, 2017Sep 17 Reported Nov 1, 2017Reported Nov 1	$-0.66	$-0.43	-	-53.49%	Miss	-	-	-
Jun 30, 2017Jun 17 Reported Jul 24, 2017Reported Jul 24	$-0.44	$-0.52	-	+15.38%	Beat	-	-	-
Mar 31, 2017Mar 17 Reported Apr 27, 2017Reported Apr 27	$-1.14	$-0.72	-	-58.33%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Mar 2, 2017Reported Mar 2	$-1.26	$-0.92	-	-36.96%	Miss	-	-	-

Key Metrics

Valuation
P/E Ratio	N/A	EV/EBITDA	N/A
Price/FCF	18.84x	FCF Yield	5.31%
Profitability
Profit Margin	N/A	Operating Margin	N/A
ROE	N/A	ROIC	N/A
Financial Health
Debt/Equity	N/A	Interest Coverage	2.49x
Current Ratio	2.13x	Quick Ratio	1.85x
Trading Statistics
Beta	N/A	Avg Volume	N/A
52-Week High	N/A	52-Week Low	N/A

Technical Indicators Dashboard

Moving Averages

SMA 10$86.22

SMA 20$86.22

SMA 50$86.22

SMA 200$85.06

EMA 10$86.22

EMA 20$86.22

EMA 50$86.22

EMA 200$85.86

MACD

Line: N/ASignal: N/AHist: N/A

ADX

ADX: 46.6+DI: 37.7-DI: 13.7

Aroon & PSAR

Aroon Up100.0

Aroon Down100.0

PSAR$86.57

Bollinger Bands

Upper Band$86.22

Lower Band$86.22

%B PositionN/A

Band Width-128.00

RSI (14-Day)

Neutral

63.2

Momentum Oscillators

Stoch %KN/A

Stoch %DN/A

Williams %RN/A

ROC (10d)N/A

MomentumN/A

CCI (20d)N/A

MFI (14d)N/A

Volatility Measures

ATR (14d)N/A

StdDev (20d)N/A

Hist VolN/A

Volume Flow

VWAP$86.22

OBV-9.9M

AD Line-8.2M

CMF (20d)N/A

Volume Metrics

Avg Vol (20d)N/A

Vol RatioN/A

VWMA (20d)N/A

Pivot Points

R3$86.22

R2$86.22

R1$86.22

Pivot Point$86.22

S1$86.22

S2$86.22

S3$86.22

Advanced Oscillators

TSI28.27

Ultimate OscN/A

KSTN/A

Financial Data

Quarter	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022
Total Revenue	$841.00M	$809.00M	$774.00M	$797.00M	$817.00M	$818.00M	$756.00M	$771.00M	$731.00M	$731.00M	$670.00M	$682.00M
Cost of Revenue	$217.00M	$219.00M	$211.00M	$231.00M	$246.00M	$236.00M	$305.00M	$320.00M	$218.00M	$218.00M	$202.00M	$203.00M
Gross Profit	$624.00M	$590.00M	$563.00M	$566.00M	$571.00M	$582.00M	$451.00M	$451.00M	$513.00M	$513.00M	$468.00M	$479.00M

Operating Expenses	N/A	$388.00M	$393.00M	$398.00M	$412.00M	$407.00M	$372.00M	$381.00M	$366.00M	$400.00M	$347.00M	$340.00M
R&D	$0	$64.00M	$65.00M	$68.00M	$66.00M	$66.00M	$62.00M	$60.00M	$55.00M	$58.00M	$54.00M	$55.00M
SG&A	$0	$208.00M	$217.00M	$215.00M	$220.00M	$220.00M	$218.00M	$209.00M	$204.00M	$203.00M	$192.00M	$182.00M
Operating Income	$229.00M	$202.00M	$170.00M	$168.00M	$159.00M	$209.00M	$171.00M	$182.00M	$147.00M	$113.00M	$102.00M	$139.00M

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$0	$77.00M	$68.00M	$70.00M	$73.00M	$75.00M	$75.00M	$82.00M	$78.00M	$78.00M	$75.00M	$73.00M
Income Before Tax	$0	$124.00M	$105.00M	$132.00M	$81.00M	$108.00M	$100.00M	$66.00M	$94.00M	$20.00M	$26.00M	$26.00M
Income Tax Expense	$0	$29.00M	$23.00M	$24.00M	$17.00M	$26.00M	$18.00M	$-2,000,000	$14.00M	$15.00M	$-1,000,000	$5.00M

Net Income	$114.00M	$95.00M	$82.00M	$108.00M	$64.00M	$82.00M	$82.00M	$67.00M	$75.00M	$-1,000,000	$22.00M	$30.00M

EBITDA	$331.00M	$300.00M	$267.00M	$302.00M	$244.00M	$270.00M	$261.00M	$234.00M	$262.00M	$210.00M	$207.00M	$201.00M
EBIT	$223.00M	$201.00M	$176.00M	$205.00M	$154.00M	$183.00M	$175.00M	$148.00M	$172.00M	$102.00M	$106.00M	$98.00M

* Some calculated fields are derived from available data when not provided by source

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LNW Valuation and Fair Value

P/FCF: 18.8x
P/B: 10.1x

See GNG's fair value

LNW Profitability: Margins, ROIC and FCF

Gross margin: 72.7%
FCF yield: 5.3%

LNW Competitors

Company	Ticker
MGM Resorts International	MGM
Etsy, Inc.	ETSY
Urban Outfitters Inc	URBN
CarMax Inc	KMX
VinFast Auto Ltd. Ordinary Shares	VFS
Norwegian Cruise Line Holdings Ltd	NCLH
Victoria's Secret & Co	VSCO
Dutch Bros Inc	BROS

Sector: Consumer Cyclical

LNW Earnings: Beat Rate and Next Report

Beat rate: 4 of 8 quarters (50.0%)
Average surprise: 2.5%

Frequently Asked Questions About LNW

Does LNW pay dividends?

Light & Wonder Inc (LNW) does not currently pay a regular dividend.

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