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Light & Wonder (NASDAQ:LNW) director Antonia Korsanos reported purchasing 8,065 shares of common stock on August 10, 2025. The shares were bought in multiple block trades with prices ranging from $79.74 to $80.20, totaling $645603.
Following the transaction, Korsanos directly owns 22,815 shares of Light & Wonder. The director also indirectly owns 313 shares through a child.
In other recent news, Light & Wonder reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $1.58, which exceeded the analyst forecast of $1.36 by 16.18%. However, the company faced a revenue shortfall, with actual revenue of $809 million falling short of the consensus estimate of $851.1 million. Despite this revenue miss, Light & Wonder’s adjusted EBITDA slightly surpassed expectations, reaching $352 million compared to the anticipated $351.7 million.
Additionally, Benchmark lowered its price target for Light & Wonder to $90.00 from $100.00 while maintaining a Buy rating, following the revenue miss. In a separate development, JPMorgan downgraded Light & Wonder from Overweight to Neutral, reducing its price target to $95.00 from $108.00. JPMorgan expressed concerns about the company’s ability to meet its original EBITDA targets through organic growth alone. The revised FY25 EBITDA guidance of $1.43 billion to $1.47 billion now accounts for contributions from the Grover acquisition. These recent developments reflect the company’s ongoing strategic efforts and market challenges.
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