Published on 28 Feb 2024 on Zacks via Yahoo Finance

Light & Wonder's (LNW) Q4 Earnings Miss, Revenues Up Y/Y

Light & Wonder, Inc. LNW reported mixed fourth-quarter 2023 results, wherein the top line beat the Zacks Consensus Estimate but the bottom line missed the same. The Las Vegas-based cross-platform games and entertainment company reported higher revenues year over year, backed by rapid sales growth across all segments.

Bottom Line

Net income from continuing operations increased to $67 million or 73 cents per share from $21 million or 12 cents per share reported in the year-ago quarter, which missed the Zacks Consensus Estimate by 3 cents. Higher revenues primarily contributed to the year-over-year growth.For 2023, the company recorded a net income of $180 million or $1.75 per share from continuing operations against a net loss of $176 million or a loss of $2.09 per share a year ago.