Shares of Light & Wonder (LNW) are soaring 11.28% in pre-market trading on Thursday, building on the previous day's impressive 13.78% gain. The surge comes as investors continue to react positively to the gaming technology company's stellar third-quarter 2025 financial results released on Wednesday.

Light & Wonder 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, the company'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.

The company'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. Additionally, Light & Wonder benefited from a $40 million contribution from the recently acquired Grover charitable gaming business. Despite the strong quarterly performance, the company maintained its full-year 2025 financial outlook, suggesting confidence in sustained growth. As Light & Wonder continues to strengthen its position in the gaming and iGaming markets, investors appear optimistic about the company's future prospects, driving the stock to its highest levels since early October.