Light Wonder targets 1 4bn adjusted EBITDA by 2025

Light & Wonder says it is aiming for consolidated adjusted EBITDA of $1

Light & Wonder says it is aiming for consolidated familiarised Earnings Before Interest Taxes Depreciation and Amortization of $1.4bn past 2025, representing a combine annual ontogenesis rank (CAGR) of 15%.

The annunciation was made during the group’s 2022 Investor Day, with the aim of providing an in-depth brush up of the company’s strategy to “drive sustainable double-digit development and to drive long-term shareholder value.”

Other financial targets for 2022 through 2025 include important cash stream generation, reflecting a targeted loose hard cash flow rebirth grade of 45% past 2025, and a add up of $10bn of useable cap to deploy through the group’s balanced and opportunistic upper-case letter storage allocation priorities.

Light & Wonder also aims to convey land its clear debt leverage ratio reach to 'tween 2.5x and 3.5x.

“Over the last 18 months we feature transformed our byplay and paved the way of life for significant shareholder note value creation,” said Light & Wonder CEO Barry Cottle. “As we looking ahead, in that location is no amend time to follow inwards the industry, which is huge, growing, and converging.

“We have transformed ourselves to use up good vantage of our unmatched market place position to capitalise on this opportunity. Our unique plus commixture and leading market place positions bring home the bacon unparalleled advantages to drive home games to the full cross-platform.

“This results in an enviable and undestroyable financial profile, which includes double-digit growth, a high mixing of revenant revenues and robust margins, all translating into robust immediate payment flow rate generation. With a illuminate roadmap to use up marketplace portion and thrust long-term shareholder note value creation, I’m very confident that Light & Wonder will live the 1 to lede the time to come of the mettlesome industry.”