Light & Wonder provides long-term growth strategy at annual Investor Day
The gaming supplier reaffirmed its $1.4bn consolidated AEBITDA target for 2025, excluding contributions from its acquisition of Grover Gaming on May 16, 2025.
Key Points
- Light & Wonder’s gaming segment is targeting North American market share expansion of 400 basis points while also increasing revenue per day by 2028
- The iGaming segment is expected to grow its global market share of first-party content by 300 basis points from 2024 to over 10% by 2028
During its 2025 Investor Day held on May 20, Light & Wonder provided a number of multi-year growth strategies as well as reaffirmed financial expectations for the remainder of 2025.
“Our success is grounded in our financial discipline and culture of efficiency and excellence, which have enabled us to create a more agile business and drive margin expansion and profitability,” Light & Wonder President and CEO Matt Wilson said.
“Supported by the strength of our diverse portfolio, our financial profile and our team, we will continue advancing our proven omni-channel strategy with a focus on building industry leading games to deliver on our 2028 financial targets of consolidated AEBITDA of $2.0bn and doubling of adjusted NPATA per share to over $10.55, to create substantial value for our shareholders.”
The supplier reaffirmed its $1.4bn consolidated AEBITDA target and associated adjusted NPATA targeted range for 2025, excluding contributions from the acquisition of Grover Gaming’s charitable gaming assets which closed on May 16, 2025.
By continuing to grow its installed base, Light & Wonder’s gaming segment is targeting to expand its North American Premium footprint market share by 400 basis points while also increasing revenue per day by 2028.
Good to know: Light & Wonder reported its financial results throughout the first quarter of 2025 on May 7, including an increase in revenue of 2% year-over-year to $774m and a net income of $82m for the period
The iGaming team is reportedly focused on capturing omni-channel opportunities with “top performing” content and enhanced offerings, as the business segment expects to grow its global market share of first-party content to over 10% by 2028 through further proliferation of its R&D engine and cross-platform strategy.
Light & Wonder stated it developed a “clear growth strategy,” focused on combining the company’s R&D engine with Grover Gaming’s customer-centric operating model to increase device count, scale device profitability and expand reach into new and existing markets.
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