Light & Wonder
Organization2 filings
Light & Wonder is a gaming company, and these are its quarterly results filings for the second quarters of 2025 and 2026.
Documents
Financial report54 pages
Light & Wonder Second Quarter 2026 Earnings Presentation
Light & Wonder demonstrated robust financial and operational momentum during the second quarter of 2026, characterized by a 9% year-over-year increase in consolidated AEBITDA to $383 million and a 26% rise in adjusted earnings per share to $120 million.
- 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.
- 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.
- 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.
Light & Wonder
Financial report30 pages
Light & Wonder: Second Quarter 2025 Earnings Presentation
Light & Wonder reported a solid second-quarter 2025 performance, with consolidated revenue climbing 7% year-over-year to $809 million.
- Light & Wonder reported Q2 2025 consolidated revenue of $809 million, a 7% year-over-year increase driven by record iGaming performance and strong SciPlay results.
- Adjusted EBITDA rose 7% to $1.43 billion, with margins expanding 400 basis points to 44% due to the growth of higher-margin iGaming and direct-to-consumer operations.
- Net income grew to $95 million in Q2 2025, up from $82 million in the same period last year, with adjusted NPATA reaching $135 million.
Light & Wonder