Gentle & Marvel LNW reported sturdy fourth-quarter 2024 outcomes, with the highest and backside strains beating the Zacks Consensus Estimate. The Las Vegas-based cross-platform video games and leisure firm reported year-over-year income progress, exemplifying its portfolio energy and resilient enterprise mannequin.
Discover the newest EPS estimates and surprises on Zacks Earnings Calendar.
LNW’s Internet Revenue
Internet revenue within the reported quarter was $107 million or $1.2 per share in contrast with $66 million or 73 cents per share within the year-ago quarter. The rise in GAAP earnings was pushed by top-line enlargement and a acquire on the sale of property. Adjusted earnings per share got here in at $1.42 per share, beating the Zacks Consensus Estimate by 34 cents.
In 2024, the corporate reported a web revenue of $336 million or $3.68 per share in contrast with $163 million or $1.75 per share in 2023.
Gentle & Marvel, Inc. Value, Consensus and EPS Shock
Light & Wonder, Inc. price-consensus-eps-surprise-chart | Gentle & Marvel, Inc. Quote
LNW’s Revenues
Whole revenues within the fourth quarter of 2024 rose to $797 million from $770 million within the prior-year quarter, propelled by wholesome demand in all enterprise verticals. The highest line beat the consensus estimate of $795 million.
In 2024, the corporate reported complete revenues of $3.2 billion, up from $2.9 billion in 2023.
Companies revenues elevated to $532 million from $515 million within the year-ago quarter, whereas product gross sales have been $265 million, up from $255 million within the year-ago quarter. That is the fifteenth consecutive quarter of consolidated income progress for the corporate.
Gaming revenues have been $515 million, up 4% yr over yr, pushed by gross sales progress of Gaming Machines and Gaming operations. Demand for COSMIC, MURAL and HORIZON cupboards stays sturdy.
Revenues from SciPlay have been $204 million, matching the determine of the year-ago quarter. Demand stays sturdy for the corporate’s social on line casino enterprise. The typical income per day by day energetic consumer elevated to $1.06 within the quarter, up 6% yr over yr.
iGaming revenues elevated to $78 million, up 11% from the year-ago quarter, pushed by continued momentum in North America and Europe, in addition to sturdy content material launches.
Different Particulars
Non-GAAP consolidated AEBITDA was $315 million in contrast with $302 million within the year-ago quarter, pushed by income progress and sustained margin energy throughout all companies. AEBITDA margin remained flat at 39%.
LNW’s Money Stream & Liquidity
In 2024, the corporate generated $632 million of money from working actions in contrast with $590 million within the year-ago interval. Within the fourth quarter, it generated $202 million in money from operations in comparison with $167 million within the prior-year quarter.
As of Dec. 31, 2024, it had $196 million in money and money equivalents with $3.84 billion of long-term debt in contrast with respective tallies of $425 million or $3.85 billion in 2023.
LNW’s Zacks Rank
Gentle & Marvel at present carries a Zacks Rank #3 (Maintain).
Key Picks
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Within the trailing 4 quarters, it delivered an earnings shock of 158.41%. It’s a pioneer in superior cell applied sciences that allow wi-fi communications and capabilities. The corporate designs and develops a variety of superior expertise options utilized in digital mobile, wi-fi 3G, 4G and IEEE 802-related merchandise and networks.
Celestica Inc. CLS sports activities a Zacks Rank #1 at current. The corporate offers aggressive manufacturing expertise and repair options for printed circuit meeting and system meeting, in addition to post-manufacturing help to most of the world’s main authentic tools producers.
Phone and Information Methods, Inc. TDS carries a Zacks Rank of two (Purchase) at current. Within the final reported quarter, it delivered an earnings shock of 71.88%.
Headquartered in Chicago, the corporate is a diversified telecom service supplier, providing wi-fi and wireline companies in america. It owns 82% of U.S. Mobile, a number one wi-fi operator within the nation subscriber-wise, serving 5 million clients in 21 states..
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Light & Wonder, Inc. (LNW) : Free Stock Analysis Report
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