Light & Wonder, Inc. (NASDAQ:LNW) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET
Company Participants
Nick Zangari - SVP, IR
Matthew Wilson - EVP and Group Chief Executive, Gaming
Oliver Chow - CFO
Conference Call Participants
Barry Jonas - Truist Securities
Rohan Gallagher - Jarden
David Katz - Jefferies
Chad Beynon - Macquarie
Rohan Sundram - MST Marquee
Ryan Sigdahl - Craig-Hallum
Annabel Li - Goldman Sachs
Jeff Stantial - Stifel
Justin Barratt - CLSA
Andre Fromyhr - UBS
Sriharsh Singh - Bank of America
Operator
Welcome to the Light & Wonder Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator instructions]
I will now turn the call over to Nick Zangari, Senior Vice President of Investor Relations.
Nick Zangari
Thank you, operator. And welcome, everyone, to our second quarter 2024 earnings conference call. With me today are Matt Wilson, our President and CEO, and Oliver Chow, our CFO. During today's call, we will discuss our second quarter results and operating performance, followed by a question-and-answer session.
Today's call will contain forward-looking statements that may involve certain risks and uncertainties that could cause actual results to differ materially from those discussed during the call. For information regarding these risks and uncertainties, please refer to our earnings materials relating to this call posted on our website and our filings with the SEC.
We will also discuss certain non-GAAP financial measures. A description of each non-GAAP measure and a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure can be found in our earnings release located in the Investors section of our website.
As a reminder, this conference call is being recorded. A replay of this webcast and accompanying materials will be archived in the Investors section of our website.
With that, I will now turn the call over to Matt.
Matthew Wilson
Thanks, Nick. Hello, everyone, and thanks for joining the call. First and foremost, I would like to commend the team on the exceptional results in the quarter and throughout the first half of the year. Our continued double-digit consolidated revenue and AEBITDA growth keeps us well on track towards our 2025 target.
Momentum remains strong with the industry demonstrating continued stability coming out of 2023, where we saw record gross gaming revenues in the US. In fact, Light & Wonder's scale and leadership position across our businesses enabled us to capitalize on a range of growth opportunities. We are well positioned with our global presence, extensive library of proven game franchises, diversified casino product portfolio and unique cross-platform strategy to execute on future prospects in both land-based and digital spectrums.