Light & Wonder (TJW) Stock Price & Analysis
TJW Stock Chart & Stats
- Day’s Range
- EUR 77.50 - EUR 77.50
- 52-Week Range
- EUR 60.50 - EUR 104.00
- Previous Close
- EUR 78.00
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- EUR 6.12B
- Enterprise Value
- EUR 11.01B
- Total Cash (Recent Filing)
- EUR 148.00M
- Total Debt (Recent Filing)
- EUR 5.16B
- Price to Earnings (P/E)
- 26.0
- Beta
- 0.71
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- 1.71
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Recurring Revenue Mix
A growing recurring-revenue base makes performance less dependent on individual hardware sales and contract timing. With recurring sources representing about 70% of quarterly revenue, Light & Wonder has greater revenue visibility, supports margin durability, and can compound value from its installed content and systems base.
Strong Cash Generation And Margins
Strong operating and EBITDA margins indicate that Light & Wonder’s content, systems, and services generate substantial operating profit. Healthy operating and free cash flow provide internal funding for product investment, debt reduction, and shareholder returns, improving resilience across the next several quarters.
Gaming Segment Momentum
Growth in gaming EBITDA, installed units, and operations revenue shows continued demand for Light & Wonder’s casino content and technology. A larger installed base can expand recurring participation revenue and create more opportunities to monetize new titles, supporting durable competitive positioning with casino operators.
Bears Say
SciPlay Revenue Pressure
SciPlay’s declining revenue and EBITDA expose a weakness in the digital portfolio, particularly where user metrics and acquisition economics are pressured by competition. Continued industry softness could restrain consolidated growth and require disciplined investment before this segment contributes more consistently.
Leverage Remains Above Target
Leverage above target limits financial flexibility and leaves more operating cash committed to interest and debt management. Although management has a deleveraging plan, the current burden can constrain acquisitions, investment, and shareholder returns if earnings or cash conversion weaken.
U.K. IGaming Tax Headwind
Higher U.K. iGaming taxes represent a structural regulatory cost rather than a temporary demand fluctuation. They can reduce economics on affected activity, pressure segment growth, and require pricing, product, or capital-allocation responses to preserve returns in an important digital market.
Light & Wonder News
TJW FAQ
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Light & Wonder Stock Smart Score
Company Description
Light & Wonder
Light & Wonder, Inc. is a global entertainment technology company, delivering gaming experiences across multiple platforms in the U.S. and worldwide. Its operations are structured into three main divisions: Gaming, SciPlay, and iGaming. The Gaming division supplies a comprehensive range of products and services for land-based casinos, including the sale and leasing of game content, gaming machines (such as video gaming terminals and video lottery terminals, along with their accessories), and various table game equipment like automatic card shufflers and chip sorters. This segment also provides server-based systems, casino-management software and hardware, and licenses its exclusive table game content to commercial, tribal, and governmental gaming establishments. The SciPlay segment focuses on the development, marketing, and operation of social games accessible through diverse online platforms, where players can purchase virtual currency—such as coins, chips, or bingo cards—to engage with a variety of slot, table, and bingo games. The iGaming segment delivers a full spectrum of digital gaming solutions, encompassing content, distribution platforms, player account management systems, and related services, notably offering its Open Platform System which equips operators with essential reporting and administrative functionalities to manage their digital gaming operations effectively. Established in 1984, Light & Wonder, Inc. maintains its corporate headquarters in Las Vegas, Nevada.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Matthew Richard Wilson
- Employees
- 6,800
- Website
- www.lnw.com
- Address
- 6601 Bermuda Road, Las Vegas, NV, 89119, US
Light & Wonder (TJW) Earnings & Revenues
TJW Company Deck
TJW Earnings Call
Earnings Call SentimentPositive
The call presented a predominantly positive operational and financial picture: strong margin expansion, robust cash flow growth and improving recurring revenue mix supported significant earnings and per-share growth. Core gaming and iGaming segments showed clear momentum and Grover is scaling post-acquisition. Notable weaknesses include SciPlay revenue decline and industry-driven UA headwinds, modest overall revenue growth (2% YoY), and leverage that remains above management targets. Management has a clear deleveraging plan, expects H2 weighted sales and reiterated mid- to high single-digit consolidated AEBITDA growth for 2026. On balance, the highlights substantially outweigh the lowlights given sizable margin, cash flow and profitability improvements alongside a credible balance-sheet strategy.
View all DE:TJW earnings summariesTJW Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 6 | 3 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 10 | 0 | 2 |
