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Light & Wonder Inc. (ASX:LNW)

ALERT: Price-sensitive ASX Announcement for LNW
Current share price for LNW : $113.570 0.07 (0.06%)+
Announcement
Release
5 Aug 2026 8:22AM
Price at Release
$113.500
Full Release
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Summary
Light & Wonder Inc.'s Q2 2026 earnings presentation highlights consistent growth in consolidated AEBITDA, driven by strategic operational expansions and a focus on premium gaming operations. The company leverages a disciplined capital allocation strategy, prioritizing debt reduction and shareholder returns while investing in AI and content, aiming to reduce its debt leverage ratio by 1H27. Despite a 9% decline in SciPlay revenue due to market softness, Light & Wonder achieved record growth in direct-to-consumer revenue, demonstrating strong operational and financial management. The company reaffirms its financial outlook for fiscal year 2026, expecting mid-to-high single-digit consolidated AEBITDA growth.
Key Points
  • Light & Wonder Inc. reported consistent consolidated AEBITDA growth through continued operations, excluding Lottery and Sports businesses for FY 2021 and FY 2022.
  • The company focused on growing its North America Gaming Operations Installed Base, with a premiumization strategy targeting over 500 units of growth per quarter.
  • Revenue per day increased to $48.51 in 2Q26, reflecting a 5% growth from 2023 to 1H26.
  • SciPlay segment experienced a 9% YoY revenue decline in Q2 2026, attributed to market softness, despite strategic user acquisition and monetization efforts.
  • Light & Wonder's direct-to-consumer expansion reached a record $53 million in 2Q26, representing 29% of segment revenue.
  • The company has a disciplined capital allocation strategy, focusing on debt reduction, shareholder return, and investments in key growth opportunities like AI and content expansion.
  • Light & Wonder plans to reduce its net debt leverage ratio below 3.0x during 1H27, with a target to achieve investment-grade leverage.
  • Consolidated AEBITDA was $383 million in 2Q26, reflecting a 9% YoY growth.
  • The company's financial outlook reaffirms mid-to-high single-digit Consolidated AEBITDA growth for FY 2026.
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.