Light & Wonder reports record-breaking US$3.2 billion full-year revenue
Light & Wonder has reported it generated US$3.2 billion in full-year consolidated revenue, a 10% annual rise, and a new record for the company.
Gaming revenue was up 12%, increasing to US$2.1 billion. This was primarily driven by gaming machine sales, which increased by 22% thanks to market share gains in North America and Australia.
Online gambling revenue for Light & Wonder also increased by 9% in 2024, hitting US$29 million. Operating income saw growth of 29%, along with consolidated AEBITDA, which grew 11%, and adjusted NPATA with a 24% rise.
Meanwhile, Light & Wonder’s social casino game developer SciPlay generated revenues of US$821 million in 2024, up 6% compared to 2023. Direct to consumer revenues from SciPlay accounted for 11% of SciPlay’s total revenue.
In comparison, fourth-quarter revenue rose from US$770 million to US$797 million, a 4% year-over-year increase, and net income increased from US$67 million to US$107 million.
Present and Chief Executive Officer of Light & Wonder, Matt Wilson, said, “We ended a strong 2024 with continued double-digit revenue and earnings growth for the year. The gaming machine sales share gains in North America and Australia this year are a testament to our R&D investment, commercial strategy and robust product roadmap.
“Furthermore, we have also realigned studio needs, adding more talent and expanding existing studios. Our recently announced strategic acquisition of Grover Gaming’s charitable business enhances our cross-platform strategy and presence in regulated land-based markets, giving us a broader distribution base for our vast content library and accelerating our drive for sustainable future growth.”
