Light & Wonder Future Growth
Future criteria checks 4/6
Light & Wonder is forecast to grow earnings and revenue by 24% and 5.1% per annum respectively. EPS is expected to grow by 28.5% per annum. Return on equity is forecast to be 44.1% in 3 years.
Key information
24.0%
Earnings growth rate
28.54%
EPS growth rate
| Hospitality earnings growth | 14.1% |
| Revenue growth rate | 5.1% |
| Future return on equity | 44.13% |
| Analyst coverage | Good |
| Last updated | 19 Aug 2026 |
Recent future growth updates
Recent updates
LNW: Future Returns Will Depend On Buybacks And Modest Margin Compression
The Light & Wonder analyst price target has shifted from A$113.59 to A$118.34 as analysts update their assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Light & Wonder Light & Wonder reported that from April 1, 2026 to June 30, 2026, the company repurchased 1,600,000 shares for US$134 million under the buyback announced on June 13, 2024.
LNW: Share Repurchases Will Support Earnings Power Despite Higher Discount Rate
Analysts have reduced their price target on Light & Wonder to A$168.45 from A$177.72, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for $22 million under the buyback announced on June 13, 2024.LNW: Future Returns Will Rely On Buybacks And Margin Resilience
Analysts have adjusted their A$ price targets on Light & Wonder, reflecting updated views that now combine a lower fair value estimate of A$113.59 with expectations for a higher profit margin and a lower future P/E multiple than previously assumed. What’s in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for US$22 million under the buyback announced on June 13, 2024, completing a total of 13,259,462 shares repurchased for US$1,186 million.
LNW: Share Buybacks And Margin Outlook Will Support Future Upside Potential
Analysts have trimmed their Light & Wonder price target to about A$220 from roughly A$240, citing updated assumptions that combine a higher discount rate and more moderate revenue growth with stronger profit margins and a lower future P/E multiple. What’s in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026 it repurchased 200,000 shares for $22 million under the buyback program announced on June 13, 2024.Recurring Revenue And Cross Platform Content Will Reshape This Gaming Leader
Catalysts About Light & Wonder Light & Wonder develops and distributes casino gaming, social casino and iGaming content and platforms across land based and digital channels globally. What are the underlying business or industry changes driving this perspective?Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 3,831 | 665 | 770 | 1,170 | 19 |
| 12/31/2027 | 3,607 | 551 | 748 | 1,106 | 23 |
| 12/31/2026 | 3,388 | 429 | 569 | 895 | 23 |
| 6/30/2026 | 3,349 | 271 | 555 | 883 | N/A |
| 3/31/2026 | 3,330 | 246 | 425 | 748 | N/A |
| 12/31/2025 | 3,314 | 276 | 484 | 794 | N/A |
| 9/30/2025 | 3,221 | 399 | 389 | 677 | N/A |
| 6/30/2025 | 3,195 | 349 | 331 | 611 | N/A |
| 3/31/2025 | 3,206 | 336 | 357 | 646 | N/A |
| 12/31/2024 | 3,188 | 336 | 338 | 632 | N/A |
| 9/30/2024 | 3,162 | 295 | 313 | 597 | N/A |
| 6/30/2024 | 3,077 | 306 | 400 | 683 | N/A |
| 3/31/2024 | 2,988 | 223 | 321 | 576 | N/A |
| 12/31/2023 | 2,902 | 163 | 348 | 590 | N/A |
| 9/30/2023 | 2,813 | 108 | 96 | 336 | N/A |
| 6/30/2023 | 2,729 | 46 | -447 | -219 | N/A |
| 3/31/2023 | 2,610 | -107 | -516 | -290 | N/A |
| 12/31/2022 | 2,512 | -198 | -597 | -381 | N/A |
| 9/30/2022 | 2,411 | -152 | -279 | -68 | N/A |
| 6/30/2022 | 2,302 | -69 | 274 | 470 | N/A |
| 3/31/2022 | 2,272 | 30 | 477 | 656 | N/A |
| 12/31/2021 | 2,153 | 5 | 514 | 685 | N/A |
| 9/30/2021 | 2,052 | -203 | 463 | 618 | N/A |
| 6/30/2021 | 1,946 | -492 | 451 | 571 | N/A |
| 3/31/2021 | 1,427 | -757 | 355 | 474 | N/A |
| 12/31/2020 | 1,699 | -822 | 334 | 471 | N/A |
| 9/30/2020 | 2,082 | -715 | 277 | 455 | N/A |
| 6/30/2020 | 2,505 | -508 | 211 | 456 | N/A |
| 3/31/2020 | 3,288 | -265 | N/A | 499 | N/A |
| 12/31/2019 | 2,388 | -342 | N/A | 546 | N/A |
| 9/30/2019 | 3,422 | 120 | N/A | 393 | N/A |
| 6/30/2019 | 3,388 | -245 | N/A | 476 | N/A |
| 3/31/2019 | 3,388 | -174 | N/A | 483 | N/A |
| 12/31/2018 | 3,363 | -352 | N/A | 346 | N/A |
| 9/30/2018 | 3,301 | -602 | N/A | 474 | N/A |
| 6/30/2018 | 3,249 | -310 | N/A | 360 | N/A |
| 3/31/2018 | 3,170 | -343 | N/A | 426 | N/A |
| 12/31/2017 | 3,084 | -242 | N/A | 507 | N/A |
| 9/30/2017 | 3,013 | -310 | N/A | 465 | N/A |
| 6/30/2017 | 2,964 | -350 | N/A | 507 | N/A |
| 3/31/2017 | 2,927 | -362 | N/A | 429 | N/A |
| 12/31/2016 | 2,883 | -354 | N/A | 419 | N/A |
| 9/30/2016 | 2,868 | -370 | N/A | 502 | N/A |
| 6/30/2016 | 2,820 | -1,350 | N/A | 492 | N/A |
| 3/31/2016 | 2,782 | -1,400 | N/A | 438 | N/A |
| 12/31/2015 | 2,759 | -1,394 | N/A | 414 | N/A |
| 9/30/2015 | 2,588 | -1,314 | N/A | 226 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LNW's forecast earnings growth (24% per year) is above the savings rate (3.8%).
Earnings vs Market: LNW's earnings (24% per year) are forecast to grow faster than the Australian market (12% per year).
High Growth Earnings: LNW's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LNW's revenue (5.1% per year) is forecast to grow slower than the Australian market (5.7% per year).
High Growth Revenue: LNW's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LNW's Return on Equity is forecast to be very high in 3 years time (44.1%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/21 16:54 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Light & Wonder, Inc. is covered by 35 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Ryan | Barrenjoey Markets Pty Limited |
| Baxter Kirk | Bell Potter |
| Michael Hickey | Benchmark Company |