Light & Wonder Delivers Upbeat Q2 Results, Game Sales Remain Uncertain, Jefferies Says

MT Newswires Live

Aug 06

Light & Wonder (ASX:LNW) posted better-than-expected second quarter results, driven by strong margins at its SciPlay business and lower corporate costs, Jefferies said in a note on Wednesday.

The investment firm said the biggest uncertainty remains game sales, with the company guiding for Q3 game sales of 8,500-9,000 units, about 15% below consensus.

Jefferies forecasts fiscal 2026 unit sales to decline 7%, while a strong year-end pipeline in Australia and New Zealand and supportive market conditions in the US could drive a recovery in Q4.

The brokerage said it is encouraged by the management's focus on reducing leverage, along with continued improvements in earnings quality.

Jefferies maintained a buy rating and price target of AU$145.

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Wonder (ASX:LNW) posted better-than-expected second quarter results, driven by strong margins at its SciPlay business and lower corporate costs, Jefferies said in a note on Wednesday.</p><p>The investment firm said the biggest uncertainty remains game sales, with the company guiding for Q3 game sales of 8,500-9,000 units, about 15% below consensus.</p><p>Jefferies forecasts fiscal 2026 unit sales to decline 7%, while a strong year-end pipeline in <a href=\"https://laohu8.com/S/AN3PF.AU\">Australia and New Zealand</a> and supportive market conditions in the US could drive a recovery in Q4.</p><p>The brokerage said it is encouraged by the management's focus on reducing leverage, along with continued improvements in earnings quality.</p><p>Jefferies maintained a buy rating and price target of AU$145.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LNW","symbol_name":"Light & Wonder","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657728605","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657728605","pubTimestamp":1785970531,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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