The chart below shows how LNW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LNW sees a -0.56% change in stock price 10 days leading up to the earnings, and a +4.64% change 10 days following the report. On the earnings day itself, the stock moves by -0.52%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Consistent Revenue Growth: 12% increase in consolidated revenue year-over-year, marking the 14th consecutive quarter of revenue growth.
Operating Income Increase: Operating income was $159 million in the quarter, an increase of $12 million over the prior year, driven by higher revenue and strong margins.
AEBITDA Growth and Margin: Consolidated AEBITDA increased 12% to $319 million compared to the prior year, resulting in a consolidated AEBITDA margin of 39% for the quarter.
Adjusted NPATA Growth: Adjusted NPATA increased 23% year-over-year to $122 million in the quarter, primarily on revenue growth across our business segments.
Gaming Revenue Surge: Gaming revenue grew 15% year-over-year to $537 million in the quarter, led by global gaming machine sales growth of 38%.
Negative
Net Income Decline: Net income attributed to L&W was $0.71 compared to $0.81 in the prior year period, indicating a decline due to higher restructuring and other costs.
AEBITDA Growth and Margin: Consolidated AEBITDA increased 12% to $319 million compared to prior year, resulting in a consolidated AEBITDA margin of 39% for the quarter, which reflects ongoing challenges in cost management.
Operating Income Increase: Operating income was $159 million in the quarter, an increase of $12 million over the prior year, primarily due to higher revenue and strong margins, but still indicates pressure on profitability.
Revenue Increase Amid Disruptions: Despite a 12% increase in consolidated revenue year-over-year to $817 million, the company faced significant operational disruptions that impacted overall performance.
Injunction Impact on Revenue: The company experienced a preliminary injunction affecting approximately 2,200 Dragon Train units, which could lead to further revenue losses in the upcoming quarters.
Light & Wonder, Inc. (LNW) Q3 2024 Earnings Call Transcript
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