Light & Wonder reported a 9% year-over-year increase in consolidated AEBITDA to $383 million and a 26% rise in adjusted earnings per share to $120 million on $828 million in total revenue.
02
Adjusted Free Cash Flow grew 50% year-over-year to $156 million, supporting the company's goal to reduce its net debt leverage ratio below 3.0x by the first half of 2027.
03
Recurring revenue now accounts for approximately 70% of total revenue, providing stability alongside a consistent reinvestment strategy that allocates 17% of revenue toward R&D and capital expenditures.
04
Growth in the Gaming and iGaming segments, bolstered by the Grover acquisition and the addition of over 650 units to the North American premium installed base, offset softness in the SciPlay segment.
05
The company reaffirmed its fiscal year 2026 outlook for mid-to-high single-digit consolidated AEBITDA growth despite absorbing $70 million in external headwinds and strategic investment costs.
Insights
01
Light & Wonder reported a 9% year-over-year increase in consolidated AEBITDA to $383 million and a 26% rise in adjusted earnings per share to $120 million on $828 million in total revenue.
02
Adjusted Free Cash Flow grew 50% year-over-year to $156 million, supporting the company's goal to reduce its net debt leverage ratio below 3.0x by the first half of 2027.
03
Recurring revenue now accounts for approximately 70% of total revenue, providing stability alongside a consistent reinvestment strategy that allocates 17% of revenue toward R&D and capital expenditures.
04
Growth in the Gaming and iGaming segments, bolstered by the Grover acquisition and the addition of over 650 units to the North American premium installed base, offset softness in the SciPlay segment.
05
The company reaffirmed its fiscal year 2026 outlook for mid-to-high single-digit consolidated AEBITDA growth despite absorbing $70 million in external headwinds and strategic investment costs.