Light & Wonder Aims for $1.4B Aebitda Despite Court Setback

By Tamara Parker • Tuesday, September 24 15:16 • Permanent Link

Light & Wonder, Inc. (NASDAQ and ASX: LNW) has been in the news recently due to a preliminary injunction granted by the U.S. District Court for the District of Nevada in relation to its Dragon Train game. Despite this setback, the company is reaffirming its 2025 target of $1.4 billion in consolidated aebitda.

The company's pre-ruling estimate of 2025 consolidated aebitda for Dragon Train was less than 5% of the $1.4 billion target, indicating that while the game is important, it is not the sole driver of the company's financial objectives.

Light & Wonder's diversified portfolio of successful game franchises has contributed to its strong performance and growth. The company holds the #1 share and #1 performance position overall for top new sold games and has the top-performing game in all 5 for sale categories in North America. Additionally, it boasts 8 of the top 25 premium leased and wide-area progressive parent theme games.

The company's CEO, Matt Wilson, expressed confidence in the future, stating, "We have built an amazing business and a solid financial foundation over the last several years with great teams driving our success and are highly confident in our future of continuing innovation and ability to achieve our stated 2025 $1.4 billion targeted consolidated aebitda."

Despite the ongoing litigation, Light & Wonder has not wavered in its capital management strategy. The company continues to allocate capital where it can achieve the best shareholder returns, including share repurchases pursuant to its recently approved $1 billion program along with value accretive organic and inorganic investments.

It's important to note that the company has refrained from providing a forward-looking quantitative reconciliation of targeted consolidated aebitda to the most directly comparable GAAP measure due to the uncertainty and material impact of certain significant items.

Light & Wonder, Inc. remains committed to delivering unforgettable experiences and maintaining the highest standards of integrity. Today the company's shares have moved -18.8% to a price of $91.48. For more information, read the company's full 8-K submission here.

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