Light & Wonder Reports Record $3.2 Billion Revenue for 2024

Light & Wonder posted its highest-ever consolidated revenue in 2024, generating $3.2 billion for the year, a 10% increase from the previous year. CEO Matt Wilson attributed the growth to gains in gaming machine sales across North America and Australia, crediting the company’s R&D investment and commercial strategy.

The gaming segment remained the largest revenue driver, bringing in $2.1 billion, a 12% increase from the prior year. SciPlay followed with $821 million in revenue, marking a 6% rise, while iGaming contributed $299 million, reflecting a 9% increase. Strong financial performance led to a net income of $336 million, an 86.7% jump from 2023. Operating income reached $668 million, up 29%, and consolidated EBITDA grew 11% to $1.2 billion.

The fourth quarter of 2024 saw consolidated revenue rise 4% to $797 million. Gaming accounted for $515 million, also up 4%. SciPlay maintained steady growth with $204 million in revenue, while iGaming climbed 11% to $78 million. Net income for Q4 reached $107 million, a 59.7% increase, with consolidated EBITDA at $315 million, up 4%.

In a move to expand its presence in regulated land-based markets, Light & Wonder signed a definitive agreement on February 18 to acquire Grover Gaming’s charitable gaming assets for $850 million in cash. Wilson described the deal as an opportunity to strengthen the company’s cross-platform strategy and broaden distribution for its content library.

The acquisition is expected to close in Q2 2025. Employees from both Light & Wonder and Grover Gaming will integrate into the business once the transaction is finalized.