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Light & Wonder (LNW) $159.75

LNW +1.83%: 2Q24 revenue and earnings beat expectations for the game developer, though they retained FY guidance, some in the market were looking for upgrade.

  • 2Q revenue of $818m was ahead of consensus of $795m / 3% beat
  • Adjusted Ebitda of $330m v $309m consensus / 7% beat
  • Guidance for Ebitda of $1.4bn looks on the conservative side, but is inline with current consensus.

The CFO said, “Our 13 consecutive quarter of consolidated revenue growth once again reflects the strength of our combined business and solid financial profile”.

LNW
MM is neutral LNW ~$160
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Light & Wonder (LNW)
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