Light & Wonder’s Earnings Surge and Potential Dual Listing Plans Spark Interest

2 min read | February 25, 2025 08:36 PM EST | By Team Kalkine Media

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Highlights

Light & Wonder (NASDAQ:LNW) reports double-digit earnings increase in 2024.

Revenue from gaming operations climbs 12%, strengthening market presence.

The company considers a primary listing on both NASDAQ and ASX.

Light & Wonder (NASDAQ:LNW) delivered a strong financial performance in 2024, reporting significant growth in earnings and revenue, driven primarily by its gaming division’s market expansion in North America and Australia. The company’s financial momentum has sparked investor interest, leading to a 5.6% surge in its share price following the announcement.

The company’s adjusted net profit after tax reached $480 million, marking a notable increase from $388 million in the previous year. Earnings saw an 11% jump, highlighting consistent upward momentum. Meanwhile, revenue from gaming operations climbed 12% to $2.1 billion, fueled by increasing demand for gaming machines and expansion across key markets. SciPlay, its digital gaming segment, also posted steady growth, with revenue rising by 6% to $821 million.

Beyond its strong earnings, Light & Wonder (NASDAQ:LNW) is evaluating a strategic move that could reshape its market positioning—considering a dual primary listing on NASDAQ and ASX or a potential sole primary listing on ASX. Currently, the company holds a secondary listing on the ASX under a CHESS Depository Interest (CDI) structure. If the shift to a primary ASX listing materializes, it could be a significant development for the Australian market, given the company’s substantial market capitalization of $8.97 billion on NASDAQ.

This potential listing adjustment reflects Light & Wonder’s broader vision of increasing global investor engagement and enhancing market accessibility. A dual listing could improve liquidity, expand investor reach, and strengthen ties with the Australian gaming sector.

As Light & Wonder (NASDAQ:LNW) continues to build on its momentum, its gaming and digital entertainment portfolio remains a key driver of financial strength. The company’s focus on innovation and strategic expansion could further solidify its presence in the global gaming industry. Whether it proceeds with the dual listing or opts for a sole ASX primary listing, this move will be closely watched as a potential game-changer for both the company and the Australian stock market.

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