Light & Wonder Inc

Latest Results (27.09.2025):

Light & Wonder Inc. reported its second quarter results for 2025, showcasing earnings growth and margin expansion across all business segments despite a slight decrease in consolidated revenue. The company continued its strong market position through strategic investments, acquisitions, and a commitment to shareholder returns.

Financial Performance

In the second quarter of 2025, Light & Wonder Inc. reported consolidated revenue of $809 million, a slight decrease of 1% compared to the prior year. However, net income saw a robust increase of 16% to $95 million, and Consolidated AEBITDA grew by 7% to $352 million. These gains were driven by strong game performance and disciplined investment across all business segments.

Shareholder Returns

During the first half of 2025, Light & Wonder Inc. returned $266 million to shareholders through share repurchases and approved an additional $500 million for future buybacks. This move underscores the company's commitment to capital management and value creation for its shareholders.

Strategic Acquisitions

The company successfully completed the acquisition of Grover Gaming’s charitable gaming business ahead of schedule, adding over 600 active units since the announcement in February 2025. This acquisition is expected to enhance Light & Wonder Inc.'s market presence and operational capabilities.

Market Expansion

Light & Wonder Inc. continued to expand its North American premium installed base, adding 845 gaming operations units sequentially and over 2,700 units year-over-year. This marks the 20th consecutive quarterly increase in premium installed base, reinforcing the company's strong market momentum.

Listing Update

The Board of Light & Wonder Inc. approved transitioning to a sole primary listing on the ASX, with plans to delist from Nasdaq by the end of November 2025. This strategic decision aligns the company's capital markets presence with its long-term growth plans and shareholder base.