Light & Wonder, Inc. (LNW)

Light & Wonder Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,195	3,188	2,902	2,512	2,153	1,699
Revenue Growth (YoY)	3.84%	9.86%	15.53%	16.67%	26.72%	-28.85%
Cost of Revenue	905	931	872	738	609	610
Gross Profit	2,290	2,257	2,030	1,774	1,544	1,089
Selling, General & Admin	859	872	808	717	679	627
Research & Development	263	262	228	218	190	148
Operating Expenses	1,500	1,495	1,386	1,355	1,267	1,224
Operating Income	790	762	644	419	277	-135
Interest Expense	-289	-293	-309	-327	-478	-503
Interest & Investment Income	20	20	34	17	5	-
Currency Exchange Gain (Loss)	-20	-6	-29	-13	8	-
Other Non Operating Income (Expenses)	6	6	6	7	20	-4
EBT Excluding Unusual Items	507	489	346	103	-168	-642
Merger & Restructuring Charges	-36	-7	-61	-93	-101	-29
Impairment of Goodwill	-	-	-	-	-	-54
Gain (Loss) on Sale of Assets	28	28	-	-	-	-
Asset Writedown	-	-	-29	-	-	-
Legal Settlements	-47	-79	-	-8	-25	-
Other Unusual Items	-11	-10	-51	-165	-	-79
Pretax Income	441	421	205	-163	-294	-804
Income Tax Expense	92	85	25	13	-318	-3
Earnings From Continuing Operations	349	336	180	-176	24	-801
Earnings From Discontinued Operations	-	-	-	3,873	366	253
Net Income to Company	349	336	180	3,697	390	-548
Minority Interest in Earnings	-	-	-17	-22	-19	-21
Net Income	349	336	163	3,675	371	-569
Net Income to Common	349	336	163	3,675	371	-569
Net Income Growth	14.05%	106.14%	-95.56%	890.57%	-	-
Shares Outstanding (Basic)	87	89	91	95	96	95
Shares Outstanding (Diluted)	88	91	93	95	98	95
Shares Change (YoY)	-4.87%	-2.15%	-2.10%	-3.06%	3.16%	2.15%
EPS (Basic)	4.03	3.78	1.79	38.68	3.86	-5.99
EPS (Diluted)	3.95	3.68	1.75	38.68	3.78	-6.03
EPS Growth	19.32%	110.29%	-95.48%	921.97%	-	-
Free Cash Flow	331	338	348	-597	514	334
Free Cash Flow Per Share	3.76	3.71	3.74	-6.28	5.25	3.52
Gross Margin	71.67%	70.80%	69.95%	70.62%	71.71%	64.10%
Operating Margin	24.73%	23.90%	22.19%	16.68%	12.87%	-7.95%
Profit Margin	10.92%	10.54%	5.62%	146.30%	17.23%	-33.49%
Free Cash Flow Margin	10.36%	10.60%	11.99%	-23.77%	23.87%	19.66%
EBITDA	1,087	1,045	964	769	594	217
EBITDA Margin	34.02%	32.78%	33.22%	30.61%	27.59%	12.77%
D&A For EBITDA	297	283	320	350	317	352
EBIT	790	762	644	419	277	-135
EBIT Margin	24.73%	23.90%	22.19%	16.68%	12.87%	-7.95%
Effective Tax Rate	20.86%	20.19%	12.20%	-	-	-
Revenue as Reported	3,195	3,188	2,902	2,512	2,153	1,699
Advertising Expenses	-	177	160	162	124	123

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q