Light & Wonder Targets $1.4 Billion EBITDA by 2025

Published 5 hours agoLNW

Light & Wonder Targets $1.4 Billion EBITDA by 2025

Light & Wonder, Inc. is steadily pursuing its goal to achieve a consolidated adjusted EBITDA of $1.4 billion by the year 2025. The company has outlined several strategic moves to support this target, including a significant acquisition announced in February 2025. This acquisition involves Grover Gaming's charitable gaming business, which is expected to bolster Light & Wonder's market presence and improve EBITDA and cash flow right from the start.

Supporting this strategic direction, industry analysts have shown confidence in Light & Wonder's potential to reach the ambitious target. According to Macquarie analysts, the company is on track to meet the $1.4 billion EBITDA mark even without considering the revenue boost from the Grover acquisition. They point to strong revenue performance across the company's Gaming, iGaming, and SciPlay segments as a testament to its healthy growth trajectory.

Boosting its operational metrics, Light & Wonder reported a notable 15.5% increase in Gaming revenue during the third quarter of 2024, fueled by an impressive 38.4% rise in machine sales. This growth highlights the success of the company's cross-platform strategy, reinforcing its commitment to achieving robust financial results by 2025. These developments collectively reflect the company's proactive approach in strengthening its market positioning and financial performance.

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