LNW

Light & Wonder

Consumer Cyclical Gambling NASDAQ

About the company

Light & Wonder Inc (formerly known as Scientific Games Corp) has established itself as a leading provider of gaming products, systems, and services to the lottery and pari-mutuel industries. The company operates in three primary segments, each contributing to its overall success. The Gaming business segment occupies a significant portion of Light & Wonder's revenue stream. This segment specializes in the sale of gaming machines, including Video Gaming Terminals (VGTs), Video Lottery Terminals (VLTs), conversion kits, and spare parts. Additionally, the company offers leasing options for gaming machines and server-based systems. The Gaming business segment is dedicated to providing high-quality, innovative gaming products to its customers, ensuring an engaging and rewarding experience for players. Another prominent segment within Light & Wonder Inc is sciPlay. This business division focuses on the development, marketing, and operation of a diverse portfolio of social games. These games are designed to be played on various mobile and web platforms, catering to a wide range of users. Through sciPlay, the company aims to capture the ever-growing popularity of social gaming and maximize user engagement, providing entertainment and excitement to millions of players worldwide. The iGaming business segment is another cornerstone of Light & Wonder's operations. This sector offers customizable software design, development, licensing, maintenance, and support services. The iGaming segment is dedicated to meeting the unique needs and preferences of online gaming operators, providing them with cutting-edge technology solutions that enhance their offerings and ensure a seamless user experience. By partnering with iGaming operators, Light & Wonder can expand its reach in the rapidly growing online gaming market. With its diverse portfolio of gaming products and services, Light & Wonder Inc has positioned itself as a market leader in the gaming industry. The company's commitment to innovation, quality, and customer satisfaction has garnered it a strong reputation among its clients and players alike. By operating in three distinct segments, Light & Wonder can tap into various revenue streams, diversifying its income sources and mitigating risks. As the gaming industry continues to evolve and embrace new technologies, Light & Wonder Inc is well-positioned to capitalize on emerging opportunities. The company's dedication to staying ahead of industry trends, coupled with its extensive expertise and experience in the gaming sector, ensures that it remains a preferred choice for lottery and pari-mutuel operators worldwide. Whether it's through the sale of advanced gaming machines, the development of captivating social games, or the provision of cutting-edge iGaming solutions, Light & Wonder continues to light up the gaming world with its innovative and exciting offerings.

Website: https://www.lnw.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Consumer Cyclical · 620 peers in sector

Metric LNW Sector median Vs. industry
P/E - 19.55
EPS 4.58 USD 0.16 USD ↑ Above average
Dividend yield 0.00% 0.00%
Profit margin 12.39% 0.60% ↑ Above average
ROE 50.47% 0.00% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

Financial statements & historical data

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Frequently Asked Questions

What is Light & Wonder?
Light & Wonder Inc (formerly known as Scientific Games Corp) has established itself as a leading provider of gaming products, systems, and services to the lottery and pari-mutuel industries. The company operates in three primary segments, each contributing to its overall success. The Gaming business segment occupies a significant portion of Light & Wonder's revenue stream. This segment specializes in the sale of gaming machines, including Video Gaming Terminals (VGTs), Video Lottery Terminals (VLTs), conversion kits, and spare parts. Additionally, the company offers leasing options for gaming machines and server-based systems. The Gaming business segment is dedicated to providing high-quality, innovative gaming products to its customers, ensuring an engaging and rewarding experience for players. Another prominent segment within Light & Wonder Inc is sciPlay. This business division focuses on the development, marketing, and operation of a diverse portfolio of social games. These games are designed to be played on various mobile and web platforms, catering to a wide range of users. Through sciPlay, the company aims to capture the ever-growing popularity of social gaming and maximize user engagement, providing entertainment and excitement to millions of players worldwide. The iGaming business segment is another cornerstone of Light & Wonder's operations. This sector offers customizable software design, development, licensing, maintenance, and support services. The iGaming segment is dedicated to meeting the unique needs and preferences of online gaming operators, providing them with cutting-edge technology solutions that enhance their offerings and ensure a seamless user experience. By partnering with iGaming operators, Light & Wonder can expand its reach in the rapidly growing online gaming market. With its diverse portfolio of gaming products and services, Light & Wonder Inc has positioned itself as a market leader in the gaming industry. The company's commitment to innovation, quality, and customer satisfaction has garnered it a strong reputation among its clients and players alike. By operating in three distinct segments, Light & Wonder can tap into various revenue streams, diversifying its income sources and mitigating risks. As the gaming industry continues to evolve and embrace new technologies, Light & Wonder Inc is well-positioned to capitalize on emerging opportunities. The company's dedication to staying ahead of industry trends, coupled with its extensive expertise and experience in the gaming sector, ensures that it remains a preferred choice for lottery and pari-mutuel operators worldwide. Whether it's through the sale of advanced gaming machines, the development of captivating social games, or the provision of cutting-edge iGaming solutions, Light & Wonder continues to light up the gaming world with its innovative and exciting offerings.
How big is Light & Wonder?
The market capitalization of Light & Wonder — the combined value of all its shares — is 7.03 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does Light & Wonder pay dividends?
The dividend yield of Light & Wonder is 0.00% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does Light & Wonder belong to?
Light & Wonder operates in the Consumer Cyclical sector, industry: Gambling.

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