• Delivered Record Full Year Consolidated Revenue with Double-Digit Growth of 10% Year-Over-Year
• Added 850+ North American Gaming Operations Units Sequentially and 2,700+ Unit Expansion Year-Over-Year
• Returned $462 million of Capital to Shareholders through Share Repurchases during 2024

Light & Wonder, Inc. reported results for the fourth quarter and fiscal year ended December 31, 2024. The company closed another strong year, delivering record financial and operational performance and continuing its advancement toward 2025 financial targets. For the full year 2024, the company delivered record full year consolidated revenue of $3.2 billion, increasing 10%, with annual growth driven by continued strong performance across all businesses. Gaming revenue increased to $2.1 billion, up 12%, driven by continued momentum in Gaming machine sales, which increased 22% primarily on market share gains in North America and Australia, coupled with Gaming systems growth of 13% driven by innovative hardware and software solutions, and North American Gaming operations unit expansion driving 4% growth in Gaming Operations fueled by the improving performance of the company's diverse portfolio of hit franchises. SciPlay revenue rose to $821 million, up 6%, and once again outpaced social casino market revenue growth, delivered record payer metrics and expanded the direct-to-consumer high margin revenue channel, which was approximately 11% of total SciPlay revenue. iGaming revenue increased 9% to $299 million reflecting continued growth momentum in the U.S. and international markets driven by the company's industry-leading platforms and strong content launches. The company also reported robust double-digit earnings growth with Operating income growth of 29%, Consolidated AEBITDA growth of 11%, and Adjusted NPATA growth of 24%. Additionally, the company returned $462 million to shareholders through share repurchases in 2024.

Based on the timing dynamics of Game Sales and high-return investment opportunities, both of which are expected to drive enhanced organic growth as the year progresses, the company expects first quarter 2025 year-over-year Consolidated AEBITDA growth to be in the low double-digits.

The company remains focused on enhancing the liquidity and market capitalization of its ASX listing, and as part of this will be considering both a dual primary and a sole listing on the ASX. The company has engaged advisors to evaluate potential strategies to achieve this objective and will be seeking feedback from key stakeholders to ensure an optimal outcome for shareholders.