ASX:LNWHospitality
Light & Wonder (ASX:LNW) Shares Confront Margin Squeeze Despite Strong Cash Flow
Light & Wonder stock came into this earnings print on a solid upswing, with the shares up about 8% over the past month and trading at A$118.08 at the close on 6 August. The headlines that really tested sentiment were not about flashy revenue growth. They were about profitability and cash quality.
The gaming and content engine delivered Q2 adjusted earnings per share of US$1.99 and adjusted EBITDA of US$383 million, with adjusted free cash flow of US$156 million. The market now has to decide...

