LNW - Q1 2026 Form 8-K (Earnings Release)
| Stock | Light & Wonder Inc (LNW.ASX) |
|---|---|
| Release Time | 7 May 2026, 8:20 a.m. |
| Price Sensitive | Yes |
LNW - Q1 2026 Form 8-K (Earnings Release)
- Delivered growth, margin expansion, and quality of earnings with net income of $52 million and consolidated AEBITDA of $327 million
- Gaming operations North American premium units base grew for 23rd consecutive quarter, adding over 2,550 premium units year-over-year and 660 Grover units added sequentially
- Generated cash flows from operating activities of $139 million and adjusted free cash flow of $207 million
Light & Wonder delivered a solid start to 2026 with a 2% increase in consolidated revenue to $790 million, driven by growth in gaming operations, table products, and iGaming. Net income was $52 million, down 37% year-over-year due to $50 million in legal reserve contingencies, while adjusted NPATA per share grew 7% to $1.45. Consolidated AEBITDA increased 5% to $327 million, and adjusted free cash flow grew 86% to $207 million. The company's North American gaming operations premium installed base grew for the 23rd consecutive quarter, adding over 2,550 premium units year-over-year, and Grover charitable gaming expanded its footprint by 660 units sequentially. iGaming revenue grew 18% and AEBITDA grew 22% on continued U.S. momentum. The company remains focused on investing in product innovation and talent to strengthen its recurring revenue model and enhance its global competitive position. Light & Wonder expects full-year consolidated AEBITDA growth in the mid- to high-single digits, reflecting the impact of macroeconomic and geopolitical uncertainty. The company maintained its net debt leverage ratio within its targeted range and expects to deleverage further in 2026, while continuing to return capital to shareholders through share repurchases.
Full-year consolidated AEBITDA growth is expected to be in the mid- to high-single digits, as the company continues to execute against its long-term strategy and 2028 financial targets. This outlook incorporates the impact of ongoing macroeconomic and geopolitical uncertainty, including tariff-related cost pressures and the pending increase in U.K. iGaming gambling duties.