Shares of Light & Wonder (LNW) are soaring 10.55% in pre-market trading on Thursday, building on the previous day's 13.78% gain, as investors continue to react positively to the company's impressive third-quarter 2025 financial results released on Wednesday.

The gaming technology company reported consolidated revenue of $841 million for the quarter ended September 30, 2025, marking a 3% increase compared to the same period last year. More significantly, Light & Wonder's net income skyrocketed by 78% to $114 million, with earnings per share jumping 89% to $1.34. This performance significantly outpaced analyst estimates, demonstrating the company's strong market position and operational efficiency.

Light & Wonder's success was underpinned by several key factors, including its 21st consecutive quarterly increase in its North American premium installed base, record results in its iGaming segment, and continued expansion of SciPlay's direct-to-consumer revenue. Despite the strong quarterly performance, the company maintained its full-year 2025 financial outlook, suggesting confidence in sustained growth. The market's enthusiastic response to these results is evident in the stock's significant price movement, with today's pre-market surge following yesterday's double-digit gains.