Light & Wonder, Inc. reported its financial results for the third quarter ended September 30, 2024, on November 12, 2024. The company achieved consolidated revenue of $817 million, marking a 12% increase compared to the prior year period. Net income for the quarter stood at $64 million, translating to diluted net income per share of $0.71.
Despite the positive revenue growth, the GAAP profit of $0.71 per share was 30.9% below analysts' consensus estimates. However, the company's Consolidated AEBITDA for the quarter was reported at $330 million, indicating strong operational performance. This mixed financial outcome reflects both growth in top-line figures and specific factors impacting GAAP profitability.
The company's performance in Q3 2024 demonstrates continued momentum in its core businesses. Light & Wonder remains focused on leveraging its diversified portfolio and strategic initiatives to drive long-term value, even as it navigates various market dynamics.
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