Light & Wonder Q1 FY26 net income drops 37% to $52 million; revenue rises 2% to $790 million

Light & Wonder, Inc. - Common Stock
Light & Wonder, Inc.

Light & Wonder, Inc. - Common Stock

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Light & Wonder, Inc.

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  • Light & Wonder posted first-quarter revenue up 2% to $790 million, while net income fell 37% to $52 million.
  • Consolidated AEBITDA rose 5% to $327 million, while net income reflected about $50 million in legal reserve contingencies tied to certain legacy legal matters.
  • Gaming revenue increased 3% to $512 million, as Gaming operations climbed 38% to $239 million and Table Products rose 24% to $63 million.
  • Gaming machine sales dropped 25% to $156 million, while North American premium installed base expanded by over 2,550 units year-over-year with 650 added sequentially.
  • FY 2026 consolidated AEBITDA growth forecast maintained at mid- to high-single digits, incorporating tariff-related cost pressures and pending increases in U.K. iGaming gambling duties.


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