We present LipDiffuser, a conditional diffusion model for lip-to-speech generation synthesizing natural and intelligible speech directly from silent video recordings. Our approach leverages the magnitude-preserving ablated diffusion model (MP-ADM) architecture as a denoiser model. To effectively condition the model, we incorporate visual features using magnitude-preserving feature-wise linear modulation (MP-FiLM) alongside speaker embeddings. A neural vocoder then reconstructs the speech waveform from the generated mel-spectrograms. Evaluations on LRS3 demonstrate that LipDiffuser outperforms existing lip-to-speech baselines in perceptual speech quality and speaker similarity, while remaining competitive in downstream automatic speech recognition. These findings are also supported by a formal listening experiment.