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Light & Wonder Inc. (ASX:LNW)

ALERT: Price-sensitive ASX Announcement for LNW
Current share price for LNW : $112.420 0.42 (0.38%)+
Announcement
Release
7 May 2026 8:21AM
Price at Release
$112.000
Full Release
download
Summary
In Q1 2026, Light & Wonder Inc. reported a consolidated revenue increase of 2% year-over-year, attributing growth to strong gaming and iGaming segments, despite a decline in SciPlay revenue. The company's AEBITDA increased by 5% due to margin expansion across business segments and contributions from Grover. Gaming operations were robust, with a significant increase in the installed base and gaming operations revenue, although gaming machine sales saw a decline. Additionally, the company achieved significant free cash flow growth driven by strategic initiatives and operational efficiencies, despite challenges from legacy legal matters. The adjusted NPATA per share increased by 7%, reflecting ongoing capital return to shareholders.
Key Points
  • Consolidated revenue grew by 2% year-over-year to $790 million.
  • Gaming operations revenue increased by 3%, driven by gaming operations and Grover contributions.
  • iGaming revenue rose by 18%, while SciPlay revenue declined by 7%.
  • Consolidated AEBITDA increased by 5% year-over-year to $327 million.
  • Free cash flow increased to $207 million, influenced by strategic initiatives.
  • Net income decreased by 37% due to legal settlements and related expenses.
  • Adjusted NPATA per share rose to $1.45, reflecting a 7% increase year-over-year.
  • Significant growth in the installed base for gaming operations, with a 41% increase in the U.S. and Canadian markets.
  • Gaming machine sales declined by 26% due to competitive pressures and fewer international expansions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.