Light & Wonder’s chief accounting officer sells $118,192 in stock

Light & Wonder, Inc. (NASDAQ:LNW) recently saw activity from its Senior Vice President and Chief Accounting Officer, Vanja Kalabic, who sold 1,132 shares of common stock on March 6, 2025. The shares were sold at an average price of $104.41, totaling approximately $118,192.

In addition to the sale, Kalabic disposed of 764 shares on March 5, 2025, to satisfy tax withholding obligations related to the vesting of restricted stock units. These shares were valued at $106.19 each, amounting to $81,129.

Following these transactions, Kalabic holds 5,016 shares directly. The transactions were part of a broader activity involving both non-derivative and derivative securities, including the acquisition and vesting of restricted stock units.

In other recent news, Light & Wonder released their fourth-quarter financial results for 2024, showing a mixed performance. The company reported an earnings per share (EPS) of $1.42, significantly above the expected $0.94, indicating strong profitability. However, their revenue came in at $797 million, slightly below the forecasted $805 million. Despite the revenue miss, Light & Wonder’s Adjusted EBITDA exceeded expectations, reaching $315 million, surpassing both Mizuho (NYSE:MFG)’s and the Street’s estimates. The company maintains its guidance for a full-year 2025 Adjusted EBITDA of $1.4 billion, supported by expected revenue growth from strategic investments in Gaming, SciPlay (NASDAQ:SCPL), and iGaming.

In terms of strategic moves, Light & Wonder is acquiring Grover Gaming, with the deal anticipated to close in the second quarter of 2025. This acquisition aims to diversify their revenue streams further. They are also executing a $1 billion share repurchase program, demonstrating a commitment to returning value to shareholders. Analyst firms have responded differently to these developments; Benchmark raised the stock target to $130 with a Buy rating, while Mizuho increased the target to $80 but maintained an Underperform rating. Macquarie also raised their target to $125, maintaining an Outperform rating.

Light & Wonder is focusing on expanding into international markets like Brazil to drive long-term growth, as no significant U.S. iGaming legislation is expected in 2025. Their strategy includes leveraging a robust content pipeline and disciplined financial management. The company’s social gaming platform, SciPlay, showed improved margins, contributing positively to the quarter’s performance. Despite some challenges in the Gaming Operations segment, Light & Wonder anticipates growth driven by a strong content pipeline and increased average yield in the North American market.

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