• Quarterly revenue up 3% year-over-year to $841 million
• Adjusted EBITDA increased 14% to $337 million
• Grover Gaming acquisition integration on track, delivering synergies

Light & Wonder, Inc. (LNW.ASX) reported its financial results for the third quarter of 2025. The company generated revenue of $841 million, up 3% compared to the same period in 2024. Adjusted EBITDA increased 14% to $337 million, driven by higher revenue and continued cost discipline. The company's Grover Gaming acquisition, completed in May 2025, is being successfully integrated and delivering the expected synergies. During the quarter, LNW continued to invest in research and development to drive innovation and maintain its competitive edge. The company also made progress on its strategy to transition to a sole primary listing on the Australian Securities Exchange, which is expected to provide greater access to global capital markets and enhance shareholder value. Overall, Light & Wonder delivered a strong quarterly performance, demonstrating the resilience of its diversified business model and the successful execution of its strategic initiatives.

For the full year 2025, Light & Wonder expects revenue in the range of $3.2 billion to $3.3 billion and adjusted EBITDA between $1.1 billion and $1.15 billion.

Looking ahead, the company remains optimistic about the long-term growth prospects of the gaming industry. Light & Wonder is well-positioned to capitalize on emerging trends, such as the shift to regulated digital gaming, and continue delivering innovative products and services to its global customer base.