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Light & Wonder Inc stock reached a new 52-week low, closing at 75.01 USD. This recent dip marks a significant downturn for the company, reflecting a challenging year in the market. Over the past 12 months, Light & Wonder has experienced a decrease of 23.61% in its stock value. This decline highlights ongoing challenges and market pressures the company faces, despite efforts to stabilize and grow its business. Investors are closely monitoring the situation, looking for signs of recovery or further decline as the company navigates these turbulent times.
In other recent news, Light & Wonder Inc. reported its second-quarter earnings for 2025, exceeding expectations with an earnings per share (EPS) of $1.58, which was 16.18% higher than the anticipated $1.36. However, the company faced a revenue shortfall, recording $809 million in revenue compared to the forecasted $851.13 million. Additionally, JPMorgan downgraded Light & Wonder’s stock rating from Overweight to Neutral, citing concerns about the company’s ability to meet its original EBITDA targets through organic growth. The firm’s revised FY25 EBITDA guidance now includes contributions from its Grover acquisition, which influenced the downgrade. JPMorgan also adjusted its price target for Light & Wonder from $108.00 to $95.00. These developments highlight the mixed performance and strategic adjustments the company is navigating.
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