LNW - Form 8-K (Earnings Release FY 2025)
| Stock | Light & Wonder Inc (LNW.ASX) |
|---|---|
| Release Time | 25 Feb 2026, 8:05 a.m. |
| Price Sensitive | Yes |
Light & Wonder Reports Strong Q4 and FY 2025 Results
- Achieved Full Year Net Income of $276 Million and Record Consolidated AEBITDA of $1.44 Billion and Adjusted NPATA of $567 Million
- Returned $877 Million to Shareholders through Share Repurchases in FY 2025
- Completed Transition to Sole ASX Listing
Light & Wonder, Inc. reported results for the fourth quarter and fiscal year ended December 31, 2025. The company delivered a strong finish to 2025, achieving solid financial results underpinned by disciplined execution and robust game performance, while completing its three-year financial targets and value creation cycle. Fourth quarter consolidated revenue increased 12% to $891 million, while the company incurred a net loss of $15 million or net loss per share of $0.19, a decrease of 114% or 116% on a per-share basis, compared to the prior year period. The net loss was impacted by legal settlement charges, contingent acquisition consideration fair value adjustments, and ASX transition costs. During the fourth quarter, all three businesses delivered record AEBITDA, with Consolidated AEBITDA up 29% to $405 million, and Adjusted NPATA up 27% to $161 million, resulting in 38% growth on a per share basis to $1.96. For the full year, the company delivered $3.3 billion in consolidated revenue and $276 million of net income, an increase of 4% and decrease of 18%, respectively, compared to the prior year period. Consolidated AEBITDA grew 16% to $1.44 billion, and Adjusted NPATA increased 18% to $567 million, or $6.69 on a per share basis, an increase of 27%. The company returned $877 million to shareholders through share or CDI repurchases during FY 2025, and has completed the transition to a sole primary listing on the ASX.
The company remains committed to its ambitious FY 2028 financial targets, which call for $1.43 billion to $1.47 billion of Consolidated AEBITDA and $550 million to $575 million of Adjusted NPATA.
Looking ahead, the company will remain focused on investing in product innovation and talent to strengthen its recurring revenue model, build on this momentum, and enhance its global competitive position as it progresses toward its 2028 financial targets.