InvestSMART

Light & Wonder Inc. (ASX:LNW)

ALERT: Price-sensitive ASX Announcement for LNW
Current share price for LNW : $128.140 14.64 (12.90%)+
Announcement
Release
5 Aug 2026 8:22AM
Price at Release
$113.500
Full Release
download
Summary
Light & Wonder, Inc. reported strong financial results for the second quarter of 2026, with a 2% year-over-year growth in consolidated revenue to $828 million. The company's net income increased by 26% to $120 million, translating to $1.53 per share, and a significant 127% increase in net cash provided by operating activities, reaching $241 million. Consolidated AEBITDA grew by 9% to $383 million, with adjusted NPATA and EPSa both showing substantial growth. The gaming segment, particularly gaming operations and iGaming, remained primary drivers of growth, despite some challenges such as the U.K. tax increase. The company also returned $134 million to shareholders through share repurchases and is committed to reducing net debt leverage to below 3.0x by the first half of 2027. Light & Wonder maintains a positive outlook for the remainder of 2026, aiming for mid- to high-single-digit growth in full-year consolidated AEBITDA.
Key Points
  • Consolidated revenue grew 2% year-over-year to $828 million.
  • Net income increased 26% to $120 million, $1.53 per share.
  • Net cash provided by operating activities rose 127% to $241 million.
  • Consolidated AEBITDA grew 9% to $383 million.
  • Gaming operations and iGaming were primary growth drivers.
  • Company returned $134 million to shareholders through share repurchases.
  • Commitment to reduce net debt leverage to below 3.0x by 2027.
  • Maintained full-year 2026 financial outlook for AEBITDA growth.
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.