Light & Wonder (LNW) Reaffirms FY25 EBITDA Target of $1.4 Billion, Eyes Gaming Expansion
Light & Wonder, Inc. (NASDAQ:LNW) has reaffirmed its FY2025 EBITDA target of $1.4 billion as it plans to expand the gaming segment in North America.
The company reported key strategic decisions and financial targets for FY25, highlighted during its investor day on May 20 in New York City. The company is focusing on expansion in its Gaming segment by continuing to grow its installed base. Light & Wonder is targeting to expand its North American Premium market share by almost 400 basis points. Management pointed out that their goal is to increase revenue per day by 2028.
A gaming enthusiast in front of a widescreen monitor, lost in the game.
Light & Wonder is also aiming to grow its Global Game Sales market share by 400 basis points by 2028. To achieve higher sales, the company will target increased software adoption and maintain category leadership in Table Products. The iGaming segment is concentrated on gaining omni-channel opportunities with leading content and enhanced offerings. This segment is targeting a 10% basis point increase in its global market share of 1st-party content between 2024 and 2028.
'Supported by the strength of our diverse portfolio, our financial profile, and our team, we will continue advancing our proven omni-channel strategy with a focus on building industry-leading games to deliver on our 2028 financial targets of Consolidated Adjusted EBITDA of $2 billion and doubling of Adjusted NPATA per share to over $10.55, to create substantial value for our shareholders,"
Light & Wonder, Inc. (NASDAQ:LNW) is a cross-platform games company with operations worldwide. It is focused on content and digital markets. The company operates through three main segments, including Gaming, iGaming, and SciPlay.
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