Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 130

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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 business from current events, they could negatively affect the performance of the personnel in that area and have an adverse impact on our business if these events continue and/or escalate. 

Results of Operations and KPIs

Three Months Ended March 31, 2025 and 2024

(1) Other primarily represents advertising revenue, which was not material for the periods presented. 

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Three Months Ended March 31,Variance(in millions unless otherwise noted)202520242025 vs. 2024Revenue:Third-party platforms and other(1)$175 $194 $(19)(10)%Direct-to-consumer platforms27 12 15 125 %Total revenue$202 $206 $(4)(2)%KPIs:In-App Purchases:Average MAU(2)5.5 5.8 (0.3)(5)%Average DAU(3)2.1 2.2 (0.1)(5)%ARPDAU(4)$1.06 $1.01 $0.05 5 %Average MPUs(5) (in thousands)572 594 (22)(4)%AMRPPU(6)$116.96 $113.93 $3.03 3 %Payer Conversion Rate(7)10.4 %10.2 %0.2 ppnmnm = not meaningful.pp = percentage points.(1) Other primarily represents advertising revenue, which was not material for the periods presented.(2) MAU = Monthly Active Users is a count of visitors to our sites during a month. An individual who plays multiple games or from multiple devices may, in certain circumstances, be counted more than once. However, we use third-party data to limit the occurrence of multiple counting. (3) DAU = Daily Active Users is a count of visitors to our sites during a day. An individual who plays multiple games or from multiple devices may, in certain circumstances, be counted more than once. However, we use third-party data to limit the occurrence of multiple counting. (4) ARPDAU = Average Revenue Per DAU is calculated by dividing revenue for a period by the DAU for the period by the number of days for the period.(5) MPU = Monthly Paying Users is the number of individual users who made an in-game purchase during a particular month.(6) AMRPPU = Average Monthly Revenue Per Paying User is calculated by dividing average monthly revenue