Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 72

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 72
---
 The increase in Gaming revenue for the year ended December 31, 2024, as compared to the prior year, was primarily driven by continued growth in Gaming machine sales of 22%, coupled with growth in Gaming operations and Gaming systems. Gaming operations also benefited from higher average daily revenue per unit, the continued success of our cabinets and strong game content performance. While demand remains strong, we are actively monitoring any impact of inflationary pressures and macroeconomic uncertainty that may impact our operations. We are also monitoring for any potential disruptions in our supply chain, such as those due to armed conflicts or hostilities or potential trade tariffs, and increase our inventory positions when deemed necessary to mitigate any expected or unexpected delays and fulfill customer orders timely. On September 23, 2024, we received an order from the U.S. District Court for the District of Nevada granting Aristocrat a preliminary injunction on future sales and distribution of our Dragon Train-themed games. We are executing a number of key initiatives to mitigate the immediate impact and any continuing business disruption from this order, as described in the “Business Overview” section above.

Results of Operations and Key Performance Indicators

57

Year Ended December 31, Variance($ in millions, except per unit amounts)202420232024 vs. 2023Revenue: Gaming operations$690 $661 $29 4 %Gaming machine sales865 708 157 22 %Gaming systems302 268 34 13 %Table products211 213 (2)(1)%Total revenue$2,068 $1,850 $218 12 %F/X impact on revenue$2 $— $2 — %KPIs:U.S. and Canada units:Installed base at period end34,004 31,220 2,784 9 %Average daily revenue per unit$48.65 $47.86 $0.79 2 %International units(1):Installed base at period end20,165 22,327 (2,162)(10)%Average daily revenue per unit$15.82 $15.14 $0.68 4 %Gaming machine sales:U.S. and Canada new unit shipments22,320 18,500 3,820 21 %International new unit shipments21,338 19,136 2,202 12 %Total new unit shipments43,658 37,636 6,022 16