Light & Wonder Surges to 436th in Trading Volume with $238 Million Turnover Despite Stock Decline

On May 8, 2025, Light & Wonder (LNW) experienced a significant surge in trading volume, with a turnover of $238 million, marking an 180.52% increase from the previous day. This placed the company at the 436th position in terms of trading volume for the day. However, the stock price of Light & Wonder declined by 13.98%, marking the second consecutive day of decline, with a total decrease of 14.20% over the past two days.

Light & Wonder reported a 3.34% year-over-year increase in product revenues to $247 million, while service revenues rose to $527 million from $517 million. Despite these increases, the company's overall revenue growth of 10.8% over the past two years, while above its five-year trend, fell short of expectations.

In the first quarter of 2025, Light & Wonder reported a 4% increase in gaming revenue to $495 million, driven by growth in table products and gaming systems. The company's consolidated revenue for the quarter was $774 million, representing a 2% year-over-year increase from $756 million in the same period last year.

Light & Wonder reported earnings of 94 cents per share, with adjusted earnings of $1.35 per share after accounting for one-time gains and costs. However, the company missed analyst estimates for earnings per share, which were pegged at $1.17 per share.

Despite challenges from tariffs and global economic conditions, Light & Wonder achieved a 2% increase in revenue for the first quarter of 2025, driven by growth in gaming and iGaming. The company's strong performance in these areas helped to offset some of the challenges it faced during the quarter.