{"id":906369,"date":"2025-11-05T20:38:09","date_gmt":"2025-11-06T01:38:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/light-wonder-inc-reports-third-quarter-2025-results\/"},"modified":"2025-11-05T20:38:09","modified_gmt":"2025-11-06T01:38:09","slug":"light-wonder-inc-reports-third-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/light-wonder-inc-reports-third-quarter-2025-results\/","title":{"rendered":"Light & Wonder, Inc. Reports Third Quarter 2025 Results"},"content":{"rendered":"

<\/p>\n

Light & Wonder, Inc. <\/b>Reports Third Quarter 2025 Results<\/b><\/p>\n

Strong Execution and Game Performance Building Momentum, Delivering 78% Net Income Growth, 25% Adjusted NPATA(1)<\/sup> Growth and Strong Cash Flows<\/i><\/b><\/p>\n

Delivered 21st<\/sup> Consecutive Quarterly Increase in North American Premium Installed Base, Added 639 Gaming Operations Units(2)<\/sup> Sequentially and over 2,800 Units in North America Year-over-Year, with Grover Adding 229 Units Sequentially<\/i><\/b><\/p>\n

Disciplined Execution Across Digital Businesses with iGaming Delivering Record Results and SciPlay Continuing Expansion of Direct-to-Consumer (\u201cDTC\u201d) Revenue<\/i><\/b><\/p>\n

Returned $111 Million of Capital to Shareholders through Share Repurchases during the Quarter and Extended 2028 Debt Maturity to 2033 while Reducing Interest Rate<\/i><\/b><\/p>\n

Demonstrated Diversity and Strength of Product Offerings and Game Portfolio across Our Business at G2E and AGE<\/i><\/b><\/p>\n

Transition to Sole Primary Listing on the ASX on Schedule(3)<\/sup><\/i><\/b><\/p>\n

LAS VEGAS–(BUSINESS WIRE<\/a>)–
\nLight & Wonder, Inc. (NASDAQ and ASX: LNW) (\u201cLight & Wonder,\u201d \u201cL&W,\u201d \u201cwe\u201d or the \u201cCompany\u201d) today reported results for the third quarter ended September 30, 2025.\n<\/p>\n

\nLight & Wonder delivered another quarter of strong earnings and cash flows underpinned by disciplined execution and game performance, while continuing to advance our robust content roadmap and cross-platform strategy, as demonstrated at G2E and AGE. Consolidated revenue of $841 million increased by 3%, while Net income rose 78% to $114 million, driving Net income per share(4)<\/sup> up 89% to $1.34, compared to the prior year period. Consolidated AEBITDA(1)<\/sup> grew 18% to $375 million, and Adjusted NPATA(1)<\/sup> increased 25% to $153 million, or 35% on a per share basis(1)(4)<\/sup> to $1.81. Gaming revenue grew 4% to $558 million compared to the prior year period, with the increase primarily driven by Gaming operations revenue, which increased 38% to $241 million. This was driven by a 15% increase, or $26 million, in base Gaming operations revenue and an incremental $40 million contribution from Grover charitable gaming (\u201cGrover\u201d). Gaming operations in the North American premium installed base has grown for 21 consecutive quarters while Grover added 229 units on a sequential basis. iGaming delivered quarterly record revenue with AEBITDA margin (\u201cmargin\u201d) expansion primarily on sustained U.S. momentum underpinned by first-party content proliferation and partner network growth, while SciPlay continued to grow DTC revenue.\n<\/p>\n

\nDuring the third quarter, we generated $184 million in net cash provided by operating activities and $136 million in free cash flow(1)<\/sup>, representing 55% and 64% year-over-year growth, respectively, while we returned $111 million to shareholders through share repurchases and an additional $101 million subsequent to the third quarter through October 31, 2025, which brought us to approximately 51% utilization of our authorized $1.5 billion share repurchase program, with remaining capacity of $735 million. Since the initiation of the prior share repurchase program in March of 2022 and through October 31, 2025, the Company has returned $1.5 billion to shareholders by repurchasing 19.9 million shares, representing 21% of total outstanding shares prior to the commencement of the programs. We also successfully extended certain debt maturities from 2028 to 2033 while lowering the interest rate, as described further below.\n<\/p>\n\n\n\n\n\n
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(1) Represents a non-GAAP financial measure. Additional information on non-GAAP financial measures presented herein is available at the end of this release.<\/i><\/p>\n<\/td>\n<\/tr>\n

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(2) Excludes Grover charitable gaming units.<\/i><\/p>\n<\/td>\n<\/tr>\n

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(3) Subject to applicable U.S. and Australian regulatory, and other third-party, approvals and processes.<\/i><\/p>\n<\/td>\n<\/tr>\n

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(4) Per share amounts are calculated based on weighted average number of diluted shares.<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Matt Wilson, President and Chief Executive Officer of Light & Wonder<\/b>, said, \u201cI want to thank all stakeholders for their continued support, as we work toward completion of our transition to a sole primary listing on the Australian Securities Exchange (\u201cASX\u201d)(1)<\/sup>, where we\u2019ve been listed since 2022. This move simplifies our listing structure for shareholders and further enhances Light & Wonder\u2019s profile within a Gaming-attuned Australian market. Our R&D engine continues to deliver world-class content, reflected in another strong quarter for Gaming operations and record iGaming performance. We are reinvesting in the business to drive long-term sustained growth, as evidenced by the number and quality of new games and hardware showcased at this year\u2019s G2E. Additionally, we are thrilled to report that the integration of Grover Gaming into our omni-channel strategy is progressing well. The team is fully prepared to participate in the opening of the Indiana charitable gaming market, expected in the coming months.\u201d\n<\/p>\n

Oliver Chow, Chief Financial Officer of Light & Wonder<\/b>, said, \u201cOur continued focus on operational excellence and disciplined execution once again drove year-over-year Net income and Consolidated AEBITDA(2)<\/sup> growth. We are also pleased with the strong cash flow generated this quarter, which continued the trend we have seen throughout the year. Combined with our disciplined capital allocation program, we have now completed approximately 51%(3)<\/sup> of our expanded share buyback program, underscoring our confidence in the business, balance sheet flexibility and our ongoing commitment to returning value to shareholders. We remain committed to taking advantage of attractive opportunities to accelerate our repurchase program, while delivering on our long-term financial objectives.\u201d\n<\/p>\n

LEVERAGE, CAPITAL ALLOCATION AND BUSINESS UPDATE<\/b><\/p>\n