Scientific Games Corp
F:TJW
Scientific Games Corp
Scientific Games Corp., a stalwart in the global gaming and lottery industry, has carved a distinct niche by balancing cutting-edge technology with deep-rooted expertise in entertainment. Originally blossoming from its inception in the mid-20th century as a supplier of instant lottery tickets, Scientific Games has evolved dramatically to become a comprehensive solutions provider. The company bridges the traditional with the modern, offering not only physical gaming products but also notable digital services. Their extensive portfolio spans across lottery systems, electronic gaming machines, sports betting platforms, and lottery retail products, allowing them to tap into various streams of revenue. Through strategic technological innovation, they drive engagement and enhance the end-user experience in an industry perpetually vying for consumer attention.
Key to their operation is leveraging data analytics to optimize game design, ensuring that products are not only engaging but also consistently profitable. Their digital arm, guided by sophisticated insights, powers online gaming and sports betting operations, capturing the dynamic market of digital-savvy consumers. Moreover, Scientific Games' commitment to growth is evident in their strategic acquisitions and partnerships, which expand their reach and technical capabilities globally. By fusing creativity with analytics, they synchronize consumer desires with expanded gaming possibilities, making their mark as a leader in bringing state-of-the-art entertainment to millions. This dual focus on innovation and market expansion frames Scientific Games Corp.'s role as a formidable force in the gaming sector, expertly navigating the complexities of a continually evolving industry landscape.
Scientific Games Corp., a stalwart in the global gaming and lottery industry, has carved a distinct niche by balancing cutting-edge technology with deep-rooted expertise in entertainment. Originally blossoming from its inception in the mid-20th century as a supplier of instant lottery tickets, Scientific Games has evolved dramatically to become a comprehensive solutions provider. The company bridges the traditional with the modern, offering not only physical gaming products but also notable digital services. Their extensive portfolio spans across lottery systems, electronic gaming machines, sports betting platforms, and lottery retail products, allowing them to tap into various streams of revenue. Through strategic technological innovation, they drive engagement and enhance the end-user experience in an industry perpetually vying for consumer attention.
Key to their operation is leveraging data analytics to optimize game design, ensuring that products are not only engaging but also consistently profitable. Their digital arm, guided by sophisticated insights, powers online gaming and sports betting operations, capturing the dynamic market of digital-savvy consumers. Moreover, Scientific Games' commitment to growth is evident in their strategic acquisitions and partnerships, which expand their reach and technical capabilities globally. By fusing creativity with analytics, they synchronize consumer desires with expanded gaming possibilities, making their mark as a leader in bringing state-of-the-art entertainment to millions. This dual focus on innovation and market expansion frames Scientific Games Corp.'s role as a formidable force in the gaming sector, expertly navigating the complexities of a continually evolving industry landscape.
Revenue Growth: Light & Wonder reported Q3 consolidated revenue of $841 million, up 3% year-over-year, with strong gains in gaming and iGaming.
Profitability Beat: Consolidated EBITDA grew 18% year-over-year to $375 million, exceeding prior guidance for low double-digit growth.
Recurring Revenue Strength: Recurring revenue rose 14% year-over-year, now accounting for 69% of total revenue, providing predictability and cash flow.
EPS and Net Income: Adjusted NPATA per share increased 35% to $1.81, and diluted net income per share rose 89% to $1.34.
Grover Integration: Grover contributed over $40 million in Q3 revenue, with 229 units added; Indiana market launch now expected in early 2026.
iGaming Outperformance: iGaming revenue reached a record $86 million, up 16% year-over-year, with EBITDA margins expanding by 800 basis points.
Guidance Reiterated: Management reaffirmed full-year 2025 EBITDA and NPATA guidance, citing strong recurring revenue and momentum into Q4.
Shareholder Returns: $111 million was returned to shareholders via buybacks in Q3, with further repurchases after quarter-end.
