Light & Wonder (L&W) has shared its financial results for the quarter ending March 31, 2025, showing it to be its 16th of year-on-year consecutive revenue growth.
Gaming revenue came in at US$495m, up four per cent year-on-year, which the company attributed to “growth across all lines of business” including nine per cent growth in table products and five per cent growth in both gaming systems and gaming operations.
SciPlay revenue was $202m, a decrease of two per cent year-on-year, though it continued to outpace the social casino market with strong payer metrics.
Igaming revenue increased four per cent to $77m, and AEBITDA increased eight per cent with margin expanding by 100 basis points, which, the company claimed, primarily reflects “continued momentum in the US and expansion of our partner network.”
“Our R&D investment, vast array of product offerings and comprehensive content strategy continue to deliver success in game deployment and franchise expansions,” said Matt Wilson, president and CEO of Light & Wonder.
“We continue to see our omni-channel strategy prosper with enhanced game development and performance fuelling 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.”
