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Light & Wonder Inc. (ASX:LNW)

ALERT: Price-sensitive ASX Announcement for LNW
Current share price for LNW : $106.030 -5.97 (-5.33%)+
Announcement
Release
7 May 2026 8:21AM
Price at Release
$112.000
Full Release
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Summary
The quarterly report for Light & Wonder, Inc. (L&W) details the financial results and business developments for the first quarter of fiscal year 2026. The company reported a net income of $52 million, compared to $82 million in the same quarter of the previous year. Total revenue was $790 million, an increase from $774 million in Q1 2025. Operating expenses included significant costs in selling, general and administrative expenses, as well as restructuring costs. L&W's balance sheet reflected total assets of $6.365 billion and total liabilities of $6.054 billion as of March 31, 2026. The company also highlighted ongoing legal proceedings, including a shareholder class action in Australia, and discussed its share repurchase activities, buying back 0.2 million shares during the quarter. The report emphasized the company's focus on digital markets, the gaming sector, and regulatory compliance challenges. Forward-looking statements were made concerning market conditions and company operations.
Key Points
  • Net income reported at $52 million for Q1 2026, down from $82 million in Q1 2025.
  • Total revenue for Q1 2026 was $790 million, up from $774 million in Q1 2025.
  • Operating expenses included significant selling, general, and administrative costs.
  • Company's total assets were $6.365 billion as of March 31, 2026.
  • Total liabilities amounted to $6.054 billion as of March 31, 2026.
  • Share repurchase program saw 0.2 million shares bought back in Q1 2026.
  • Legal proceedings included a shareholder class action in Australia.
  • Emphasis on digital markets and gaming sector.
  • Forward-looking statements concerned market conditions and operations.
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.