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ASX:LNW

12 stories mentioning ASX:LNWUpdated 5d ago

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Asia

Light & Wonder's Key Catalysts are Deleveraging, Earnings Certainty, Jefferies Says

Light & Wonder's (ASX:LNW) two key catalysts are deleveraging and earnings certainty, Jefferies said in a note on Monday.The investment firm pointed to sequential ramp-up in game sales and game release timing as the driver of second-half adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) growth re-acceleration. Jefferies forecasts second quarter group AEBITDA of AU$363 million, acknowledging headwinds in the SciPlay and social markets.The firm's recent fiscal year 2026 guidance reiteration of mid-single-digit to high-single-digit percentage growth in AEBITDA is a positive, but achieving high-single-digit percentage growth will be difficult in the absence of a material improvement in social games.The firm can re-accelerate AEBITDA growth to high-single-digit percentage growth from fiscal 2027 and onwards, given the ongoing ramp-up of the Gaming Ops profile over the fiscal year.The investment firm assigned a buy rating to Light & Wonder and a price target of AU$145 per share.

ASX:LNW
Asia

Light & Wonder Expected to Deliver Broadly In Line Q2 Results, Jarden Says

Light & Wonder's (ASX:LNW) second-quarter results are expected to be broadly in line with expectations, with Jarden forecasting adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $367 million, the investment firm said in a July 19 note.Recurring revenue drivers continue to boost the company's earnings quality, and Jarden estimates Light & Wonder is on track for full-year adjusted EBITDA growth of around 6% to $1.53 billion.The equity research firm expects the company's second-quarter gaming revenue to increase 8% year over year to $569 million, and also anticipates a sequentially better quarter on outright sales.Light & Wonder's "revenue mix continues to improve in quality, with the recurring drivers maintaining momentum," Jarden said. It added that the company's underlying demand backdrop remains intact, with US land-based gross gaming revenue trends proving to be resilient.The investment firm remains constructive on both Aristocrat Leisure (ASX:ALL) and Light & Wonder, but with a "strong preference" for the latter on valuation grounds, it said.Jarden maintained a buy rating on Light & Wonder with a target price of AU$182.

ASX:LNW
Asia

Australian Shares Flat; Genesis Minerals to Acquire Vault Minerals for AU$5.274 per Share

Australian shares were again flat on Tuesday as oil prices continued to surge, following the US reimposition of a naval blockade over Iran.The S&P/ASX 200 Index was unchanged to close at 8,808.50.Brent crude oil futures surged to trade around $84 per barrel. US President Donald Trump said the US would impose a 20% toll on shipping in the Strait of Hormuz.Overnight, the S&P 500, Nasdaq Composite, and Dow Jones fell 0.8%, 1.6%, and 0.3%, respectively.On the domestic front, Australian consumer confidence rose 0.6 points to 75.3 points in the week of July 6 to 12, with improving confidence in the economic and financial outlook over the next 12 months, ANZ said. The four-week moving average rose 1.1 points to 74.7 points.Australia's Westpac-Melbourne Institute Consumer Sentiment Index rose 4.1% to 83.9 in July from 80.6 in June, as consumers showed relief that worst-case scenarios such as higher energy prices had not played out.Business confidence in Australia rose 9 points to negative 5 in June, driven by gains in retail and manufacturing, National Australia Bank said. Confidence remains 4 points below its February level and below the long-run average of 5 index points.In company news, Genesis Minerals (ASX:GMD) agreed to acquire Vault Minerals (ASX:VAU) for AU$5.274 per share. Vault shareholders will receive 0.7629 new Genesis ordinary shares plus AU$0.475 in cash for each Vault share they hold.Light & Wonder (ASX:LNW) said it remained on track to meet its previously announced 2026 financial outlook of mid-to-high single-digit consolidated adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) growth.Lastly, Steadfast Group (ASX:SDF) said KKR joined the Amwins Group and Dragoneer Investment Group consortium as a co-lead investor in the company's retail brokerage business. Amwins and Dragoneer in June offered to acquire Steadfast for AU$6 per share in cash.

ASX 200ASX:GMDASX:LNWASX:SDFASX:VAU
Asia

Light & Wonder Remains on Track to Meet 2026 AEBITDA Guidance, Shares Jump 7%

Light & Wonder (ASX:LNW) said it remained on track to meet its previously announced 2026 financial outlook of mid-to-high single-digit consolidated adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) growth, according to a Tuesday Australian bourse filing.The firm added that it was committed to deleveraging its balance sheet towards the mid-point of its targeted net debt leverage ratio range over the course of the current year and below 3x during the first half of 2027.It bought back 1.6 million CHESS depositary interests (CDIs) during the June quarter for a total consideration of around $134 million.It has a total of around $180 million remaining under its ongoing share repurchase program, and as of July 1, the total number of shares outstanding, including common stock and CDIs, was 77 million.Its shares jumped 7% in recent trading on Tuesday.

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Asia

Light & Wonder Launches in Canada's Newly Regulated iGaming Market of Alberta

Light & Wonder's (ASX:LNW) gambling products and services went live in Alberta on day one of the Canadian province's newly regulated iGaming market, according to a Monday statement from the company.Alberta joins Ontario as one of only two regulated commercial iGaming markets in Canada, and the company said it is deploying its content marketplace with "fully activated operator integrations" to establish an early reach and immediate impact in a high-demand market.

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Asia

Light & Wonder Could Face Difficulty in Meeting High Single Digits Percentage Growth in Fiscal 2026 AEBITDA, Jefferies Says

Light & Wonder's (ASX:LNW) percentage growth of high-end of middle single digits to high single digits in adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) in fiscal year 2026 "looks difficult to achieve," Jefferies said in a Friday report.Jefferies expects around 2% fiscal 2026 AEBITDA consensus downgrades for the firm due to weaker SciPlay performance.The firm has a strong launch pipeline of Australia and New Zealand launches, which should fill any content gaps, although a second-half step-up in regional sales is expected to occur largely from the fourth quarter.The investment firm retained its buy rating for Light & Wonder and cut the price target to AU$145 per share from AU$180 per share.

ASX:LNW
Asia

Light & Wonder Launches Automated Roulette Product in Indiana

Light & Wonder (ASX:LNW) said late on Thursday that it launched its Obsidian Pod automated roulette product in the state of Indiana after it was installed at the Hard Rock Casino Northern Indiana.The product offers three roulette titles: Roulette, Roulettex, and Powerx Roulette.

ASX:LNW
Asia

Australian Shares Rise; Tabcorp Says Austrac Launches Enforcement Investigation Over Money Laundering Concerns

Australian shares rose on Thursday amid reports that an agreement was close on a one-page memorandum to formally end the conflict in the Middle East.The S&P/ASX 200 Index rose 0.96%, or 84.50 points, to close at 8,878.10.Iran said it was reviewing the peace proposal put forth by the US, Reuters reported.Brent crude oil futures were trading around $102 per barrel. Iron ore futures rose over $111 after several months, while gold traded for about $4,700 per ounce.On the domestic front, Australia's goods balance recorded a seasonally adjusted deficit of AU$1.84 billion in March, down from a surplus of AU$5.03 billion in February, marking the first deficit since December 2017, according to data published by the Australian Bureau of Statistics.The value of new payment platform transactions in Australia rose nearly 26% to AU$241.2 billion in March, compared with AU$186.6 billion reported in the same period last year, according to the Reserve Bank of Australia.Australian card activity showed an emerging slowdown in discretionary spending, with the Westpac-DataX Card Tracker Index rising 2.1 points over the two weeks to April 25, reversing an earlier decline.In company news, Tabcorp Holdings (ASX:TAH) said Austrac launched an enforcement investigation after raising "serious" concerns about the company's ability to manage its money laundering and terrorism financing risks.The company said the investigation will initially focus on evaluating its compliance with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act. Its shares retreated 22% at market close.Light & Wonder (ASX:LNW) reported first-quarter adjusted earnings of $1.45 per share, up from $1.35 a year earlier. Revenue for the three months ended March 31 was $790 million, compared with $774 million a year earlier. Its shares closed down 8%, earlier reaching a two-year low point.Lastly, Orica (ASX:ORI) reported fiscal first-half adjusted earnings of AU$0.60 per share, compared with AU$0.533 a year earlier. Sales revenue for the six months ended March 31 was AU$3.88 billion, compared with AU$3.94 billion a year earlier. Its shares rose 5% on market close.

ASX 200ASX:LNWASX:ORIASX:TAH
Asia

Light & Wonder Posts Higher Q1 Adjusted Earnings, Revenue

Light & Wonder (ASX:LNW) reported Thursday first-quarter adjusted earnings of $1.45 per share, up from $1.35 a year earlier.Analysts polled by FactSet expected earnings of $1.45.Revenue for the three months ended March 31 was $790 million, compared with $774 million a year earlier. Analysts surveyed by FactSet expected $831.5 million.The company expects 2026 consolidated adjusted earnings before interest, taxes, depreciation and amortization growth in the mid- to high-single digits, as it continues to execute its long-term strategy and advance toward its 2028 financial targets.

ASX:LNW
Asia

Light & Wonder Faces Australian Class Action Over Dragon Train Game Allegations

Light & Wonder (ASX:LNW) said it has received notice of a class action filed by law firm Phi Finney McDonald in the Supreme Court of Victoria alleging misleading statements regarding its dragon train game, according to a Thursday Australian bourse filing.The claim is brought on behalf of shareholders who acquired chess depositary interests between May 22, 2023, and Sept. 24, 2024, per the filing.The company has stated that it intends to vigorously defend the proceedings, the filing added.Its shares fell 1% in recent Thursday trade.

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Asia

Light & Wonder's Q1 Results Expected to Be Soft, 2026 Outlook Expected to Be Maintained, Jarden Says

Light & Wonder's (ASX:LNW) first-quarter results are expected to be soft, though the full-year outlook is expected to be maintained, Jarden said in a Tuesday note.Jarden said its first-quarter adjusted earnings before interests, taxes, depreciation, and amortization (AEBITDA) estimate of $326 million is expected to be 5% below consensus. The first quarter represents just 21% of the full-year AEBITDA estimate and proportional contribution set to build through the year.It noted that the underlying demand backdrop remains intact.The investment firm retained its buy rating on Light and Wonder and cut the price target to AU$190 per share from AU$199 per share.

ASX:LNW
Asia

Light & Wonder Shares Gain After Illinois Gaming Board Contract Award

Light & Wonder (ASX:LNW) shares were up nearly 1% in recent Friday trading after the company said Thursday it has won a new 10-year contract from the Illinois Gaming Board following a competitive bid process.Under the contract, Light & Wonder will supply and operate its next-generation Connexus Central Communication System for the Illinois video gaming market.The system provides enforcement capabilities to protect the integrity of video gaming and safeguard data security, the company said.

ASX:LNW

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