LNW
Light & Wonder, Inc.86.22
+0.00+0%
Nov 25, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
7.03BP/E (TTM)
18.83Basic EPS (TTM)
4.58Dividend Yield
0%Recent Filings
8-K
Strong 2025 results despite settlement
Light & Wonder reported 2025 results on February 24, 2026, with revenue up 4% to $3.3B and record Consolidated AEBITDA of $1.44B, despite a $128M Aristocrat settlement charge dragging net income to $276M. Gaming surged on 7,000 record North American unit shipments and Grover's $41M Q4 contribution, while cash from operations jumped 26% to $794M. Returned $877M to shareholders. Leverage steady at 3.5x.
10-K
FY2025 results
Light & Wonder closed FY2025 with revenue up 4% to $3.3B, driven by Gaming operations surging 25% y/y to $860M on record U.S./Canada installed base of 48,326 units (up 42% y/y, ADRPU $47.06) and $102M from Grover acquisition, while SciPlay dipped 3% to $794M on lower payers yet higher AMRPPU ($125.95, +9%) and iGaming grew 13% to $337M via North America content. Q4 momentum shone in Gaming's premium franchises like ULTIMATE FIRE LINK® amid seasonal strength, though machine sales softened 5% on international caution; margins expanded via efficiencies. Net debt stood at $5.2B post-Grover financing, with $927M liquidity and $877M returned via buybacks (10.1M shares). No annual guidance disclosed in the 10-K. Slow gaming jurisdiction growth risks quarterly momentum.
8-K
Refinances $2.13B term loans
8-K
Delists from Nasdaq for ASX
Light & Wonder delisted its common stock from Nasdaq on November 13, 2025, following a Form 25 filing on November 3, shifting to a sole standard listing on the ASX. Bylaws were amended and restated effective that date to align with ASX rules, switch voting to majority of votes cast, update forum provisions, and default to uncertificated shares. Dual listing ends cleanly.
8-K
CDI holdings rise 5.8M
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