Latest news with #Light&Wonder
Yahoo
3 days ago
- Business
- Yahoo
Spotting Winners: Light & Wonder (NASDAQ:LNW) And Gaming Solutions Stocks In Q1
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Light & Wonder (NASDAQ:LNW) and the rest of the gaming solutions stocks fared in Q1. Gaming solution companies operate in a dynamic and evolving market, and the digital transformation of the gaming industry presents significant opportunities for innovation and growth, whether it be immersive slot machine terminals or mobile sports betting. However, the gaming solution industry is not without its challenges. Regulatory compliance is a crucial consideration as companies must navigate a complex and often fragmented regulatory landscape across different jurisdictions. Changes in regulations can impact product offerings, operational practices, and market access, requiring companies to maintain flexibility and adaptability in their business strategies. Additionally, the competitive nature of the industry necessitates continuous investment in research and development to stay ahead of competitors and meet evolving consumer demands. The 7 gaming solutions stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 2.4%. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. With names as crazy as Ultimate Fire Link Power 4 for its products, Light & Wonder (NASDAQ:LNW) is a gaming company supplying the casino industry with slot machines, table games, and digital games. Light & Wonder reported revenues of $774 million, up 2.4% year on year. This print fell short of analysts' expectations by 4.3%. Overall, it was a softer quarter for the company with a miss of analysts' Gaming revenue estimates and a significant miss of analysts' EPS estimates. Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, 'Our R&D investment, vast array of product offerings and comprehensive content strategy continue to deliver success in game deployment and franchise expansions. We continue to see our omni-channel strategy prosper with enhanced game development and performance fueling our existing businesses, and further opportunity to extend this strategy with the pending Grover Charitable Gaming Acquisition. We remain confident in the various avenues of growth that we see for 2025 with continued execution on our robust product roadmap driving performance across the business. We are committed to executing off the strong foundation of world class talent and game portfolio that we have built for long-term success.' The stock is down 6.1% since reporting and currently trades at $87.93. Read our full report on Light & Wonder here, it's free. Specializing in online casino gaming and sports betting, Rush Street Interactive (NYSE:RSI) is an operator of digital gaming platforms. Rush Street Interactive reported revenues of $262.4 million, up 20.7% year on year, outperforming analysts' expectations by 0.5%. The business had a strong quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Rush Street Interactive scored the fastest revenue growth among its peers. The market seems content with the results as the stock is up 4.7% since reporting. It currently trades at $12.69. Is now the time to buy Rush Street Interactive? Access our full analysis of the earnings results here, it's free. Specializing in digital casino gaming, Inspired (NASDAQ:INSE) is a provider of gaming hardware, virtual sports platforms, and server-based gaming systems. Inspired reported revenues of $60.4 million, down 3% year on year, falling short of analysts' expectations by 10%. It was a slower quarter as it posted a miss of analysts' Leisure revenue and adjusted operating income estimates. Inspired delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 5.2% since the results and currently trades at $7.82. Read our full analysis of Inspired's results here. Getting its start in daily fantasy sports, DraftKings (NASDAQ:DKNG) is a digital sports entertainment and gaming company. DraftKings reported revenues of $1.41 billion, up 19.9% year on year. This result missed analysts' expectations by 3.1%. Overall, it was a slower quarter as it also recorded full-year EBITDA guidance missing analysts' expectations. DraftKings had the weakest full-year guidance update among its peers. The company reported 4.3 million users, up 26.5% year on year. The stock is up 1.2% since reporting and currently trades at $35.84. Read our full, actionable report on DraftKings here, it's free. Famous for hosting the Kentucky Derby, Churchill Downs (NASDAQ:CHDN) operates a horse racing, online wagering, and gaming entertainment business in the United States. Churchill Downs reported revenues of $642.6 million, up 8.7% year on year. This number was in line with analysts' expectations. Zooming out, it was a mixed quarter as it also logged a decent beat of analysts' EPS estimates but a miss of analysts' adjusted operating income estimates. The stock is down 9.6% since reporting and currently trades at $95.08. Read our full, actionable report on Churchill Downs here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Light & Wonder, Rocket Lab, AMC Entertainment, LifeStance Health Group, and Xerox Stocks Trade Up, What You Need To Know
A number of stocks jumped in the morning session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Gaming Solutions company Light & Wonder (NASDAQ:LNW) jumped 6.4%. Is now the time to buy Light & Wonder? Access our full analysis report here, it's free. Aerospace company Rocket Lab (NASDAQ:RKLB) jumped 10.5%. Is now the time to buy Rocket Lab? Access our full analysis report here, it's free. Leisure Facilities company AMC Entertainment (NYSE:AMC) jumped 10.5%. Is now the time to buy AMC Entertainment? Access our full analysis report here, it's free. Outpatient & Specialty Care company LifeStance Health Group (NASDAQ:LFST) jumped 7.6%. Is now the time to buy LifeStance Health Group? Access our full analysis report here, it's free. Hardware & Infrastructure company Xerox (NASDAQ:XRX) jumped 8.1%. Is now the time to buy Xerox? Access our full analysis report here, it's free. Rocket Lab's shares are extremely volatile and have had 69 moves greater than 5% over the last year. But moves this big are rare even for Rocket Lab and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock gained 53.4% on the news that the company reported impressive third-quarter results and provided an optimistic EBITDA forecast for the next quarter, which blew past analysts' expectations. Its revenue and EBITDA both outperformed Wall Street's estimates in the quarter. The performance was largely driven by strong demand in its space systems segment. Zooming out, we think this was a very good quarter. Rocket Lab is up 13.5% since the beginning of the year, but at $28.33 per share, it is still trading 10.3% below its 52-week high of $31.57 from January 2025. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
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. While we acknowledge the potential of LNW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LNW and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
22-05-2025
- Business
- Yahoo
Light & Wonder backs FY25 adjusted EBITDA view $1.4B
Light & Wonder hosted its investor day on May 20 in New York City. The company is targeting to achieve consolidated adjusted EBITDA of $2B and doubling of 2024 adjusted EPS per share, by 2028 to over $10.55. President and CEO Matt Wilson stated, 'We value the investment community's involvement in our 2025 Investor Day and their ongoing support of Light & Wonder as the leading cross-platform global games company. The presentation reflected Light & Wonder's major achievements over the past three years, offered insights into our strategic roadmap through 2028, and highlighted the strength of our diverse portfolio, and the quality of our team,' said President and CEO Matt Wilson. 'Our success is grounded in our financial discipline and culture of efficiency and excellence, which have enabled us to create a more agile business and drive margin expansion and profitability. 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 AEBITDA of $2.0 billion and doubling of Adjusted NPATA per share(1) to over $10.55, to create substantial value for our shareholders.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on LNW: Disclaimer & DisclosureReport an Issue Light & Wonder Secures Loan for Grover Gaming Acquisition Light & Wonder price target lowered to $100 from $130 at Benchmark Light & Wonder Inc. Earnings Call Highlights Growth and Challenges Light & Wonder Reports Strong Q1 2025 Growth Light & Wonder reports Q1 adjusted EPS $1.35, consensus $1.13
Business Insider
22-05-2025
- Business
- Business Insider
Light & Wonder backs FY25 adjusted EBITDA view $1.4B
Light & Wonder hosted its investor day on May 20 in New York City. The company is targeting to achieve consolidated adjusted EBITDA of $2B and doubling of 2024 adjusted EPS per share, by 2028 to over $10.55. President and CEO Matt Wilson stated, 'We value the investment community's involvement in our 2025 Investor Day and their ongoing support of Light & Wonder as the leading cross-platform global games company. The presentation reflected Light & Wonder's major achievements over the past three years, offered insights into our strategic roadmap through 2028, and highlighted the strength of our diverse portfolio, and the quality of our team,' said President and CEO Matt Wilson. 'Our success is grounded in our financial discipline and culture of efficiency and excellence, which have enabled us to create a more agile business and drive margin expansion and profitability. 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 AEBITDA of $2.0 billion and doubling of Adjusted NPATA per share(1) to over $10.55, to create substantial value for our shareholders.'
