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Light & Wonder (LNW) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2025, Light & Wonder (LNW - Free Report) reported revenue of $809 million, down 1.1% over the same period last year. EPS came in at $1.58, compared to $1.42 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $859.95 million, representing a surprise of -5.93%. The company delivered an EPS surprise of +9.72%, with the consensus EPS estimate being $1.44.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- SciPlay: $200 million versus the three-analyst average estimate of $211.85 million. The reported number represents a year-over-year change of -2.4%.
  • Revenue- Gaming: $528 million versus $576.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
  • Revenue- iGaming: $81 million compared to the $80.63 million average estimate based on three analysts. The reported number represents a change of +9.5% year over year.
  • AEBITDA- Gaming: $280 million versus $294.04 million estimated by three analysts on average.
  • AEBITDA- Corporate and other: $-30 million versus the three-analyst average estimate of $-37.84 million.
  • AEBITDA- iGaming: $28 million versus $27.9 million estimated by three analysts on average.
  • AEBITDA- SciPlay: $74 million versus the three-analyst average estimate of $72.71 million.

View all Key Company Metrics for Light & Wonder here>>>

Shares of Light & Wonder have returned -11.6% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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