Light & Wonder Marks Growth For 15th Straight Quarter

Light & Wonder reports PHP 189.6 billion ($3.4 billion) in revenue for 2024, marking a 16% growth. Analysts predict even stronger earnings next year.

Light & Wonder has now seen 15 straight quarters of growth. They revealed this as they announced their earnings for the fourth quarter and full year of 2024. 

How Light & Wonder’s 4Q 2024 Went:

The company reported PHP 48.5 billion (around $870 million) in revenue for the fourth quarter, marking a 13% increase compared to last year.

For the entire year of 2024, revenue totaled PHP 189.6 billion (approximately $3.4 billion), reflecting a 16% growth. Net income reached PHP 9.1 billion (about $163 million), with earnings per share (EPS) at PHP 179 (roughly $3.22). Analysts are optimistic about next year, predicting a 31% increase in EPS to PHP 314 (around $5.64).

What Light & Wonder Did in 2024: 

Light & Wonder made significant strides last year. One of the most notable was the completion of its merger with SciPlay, which enhances its position in the rapidly expanding online gaming market.

One major change in 2024 was completing its merger with SciPlay, which strengthens Light & Wonder’s presence in online gaming.

The company also opened a new office and showroom in Clark, Pampanga, Philippines. The 580-square-meter space will help it better serve the growing gaming market in Asia. 

Why Does This Matter to the Asian Market? 

Light & Wonder’s focus on online and mobile gaming fits well with what players in Asia want. More people are playing online, and Light & Wonder’s focus on digital gaming could bring better games and more options. Having a new office in the Philippines proves it is eager to expand casinos and gaming businesses in the region. 

As Light & Wonder expands, it is slowly emerging as a key player in the Asian gaming market. 

Read related article : Light & Wonder Opens New Hub In Philippines, Its Key Market