UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) Nevada 81-0422894 (State or other jurisdiction of in ...

Third Quarter 2025 Earnings Presentation November 5, 2025 © 2025 LIGHT & WONDER Forward-Looking Statements S E C T I O N T I T L E, 1 0 P T Forward-Looking Statements In this presentation and the oral remarks made in connection herewith, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology suc ...

Light & Wonder, Inc. Reports Third Quarter 2025 Results Strong Execution and Game Performance Building Momentum, Delivering 78% Net Income Growth, 25% Adjusted NPATA Growth and Strong Cash Flows (1) Delivered 21 Consecutive Quarterly Increase in North American Premium Installed Base, Added 639 Gaming Operations Units Sequentially and over 2,800 Units in North America Year-over-Year, with Grover Adding 229 Units Sequentially st (2) Disciplined Execution Across Digital Businesses with iGaming Delivering Recor ...

Here is our perspective on why Light & Wonder (LNW) stock merits attention as a value investment. It is presently trading approximately 32% lower than its 1-year peak and is also trading at a PS multiple that is below the average from the past 3 years.LAS VEGAS, NV - FEBRUARY 12: A bank of Chinese Panda slot machines is viewed at Caesars Palace Hotel & Casino on February 12, 2023 in Las Vegas, Nevada. Las Vegas will play host to the NFL's Super Bowl LVIII, taking place next year at the recently constructed ...

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder,†"L&W,†"we†or the "Company†) today provided notice to The Nasdaq Stock Market LLC (the "Nasdaq†) of our intention to delist our common stock from the Nasdaq in order to transition to a sole primary listing of our common stock on the Australian Securities Exchange (the "ASX†). Consistent with our previous announcements, our decision to transition to a sole primary listing on the ASX reflects ou. ...

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder,†"L&W,†"we†or the "Company†) is providing an update on today's ruling from the Nevada Court regarding the ongoing litigation with Aristocrat. The Nevada Court heard argument today and granted Aristocrat's renewed motion to obtain discovery of math models for certain Light & Wonder hold and spin games released since 2021, when Emma Charles joined the company. The Court previously denied a s. ...

Investors might want to bet on Light & Wonder (LNW) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries "Light & Wonder,†"L&W†or the "Company†) today announced the appointment of Rohan Gallagher as Executive Vice President (EVP), Global Chief Corporate Affairs Officer, based in Sydney. In this newly created role, Gallagher will be responsible for Investor Relations (IR); Environmental, Social, and Governance (ESG); Corporate Social Responsibility (CSR); and Global Communications. ". ...

LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder†or the "Company†) today announced that its wholly owned subsidiary, Light and Wonder International, Inc. ("LNWI†), intends, subject to market and other conditions, to offer $1 billion in aggregate principal amount of senior unsecured notes due 2033 (the "Notes†) in a private offering. LNWI intends to use the net proceeds of this offering (i) to repay all outstanding borrowings under its revolving cr. ...

核心观点 - Light & Wonder第二季度调整后每股收益1 58美元超出预期14美分但总收入8 09亿美元低于预期8 6亿美元[1][3][4] - 公司净利润同比增长至9500万美元(每股1 11美元)主要受益于成本控制和运营费用降低[3] - 非GAAP调整后EBITDA提升至3 52亿美元利润率从40%增至44%[7][10] 财务表现 - 总收入同比下降1 1%至8 09亿美元其中服务收入增长7 6%至5 66亿美元产品收入下降16 8%至2 43亿美元[4] - 游戏业务收入下降2%至5 28亿美元游戏机销售和系统收入分别下滑16%和11%[5] - iGaming业务增长9%至8100万美元创下内容发布记录[6][10] - SciPlay收入下降2%至2亿美元但仍跑赢社交赌场市场[5] 运营亮点 - 公司通过自动化、标准化和AI工具提升运营效率应对宏观经济逆风[2] - 收购Grover对EBITDA增长产生积极影响[7] - 经营活动现金流1 06亿美元低于去年同期的1 41亿美元[8] 资本结构 - 截至2025年6月30日公司持有1 36亿美元现金及等价物长期债务达48 1亿美元[8] 业绩指引 - 2025年全年调整后EBITDA预期14 3-14 7亿美元调整后NPATA预计5 5-5 75亿美元[9] 同业比较 - Ubiquiti研发投入强劲新产品管线有望提升高价值产品均价企业技术板块表现良好[12] - Jabil通过终端市场和产品多元化策略实现增长单产品线收入占比控制在5%以下[13] - Motorola在视频安防服务和无线电产品领域需求强劲并通过战略联盟强化公共安全领域布局[14]